Stock Option: VDSI SEP 20 Call
Buy Date: 2/21/2008
Sell Date:
Units: 300
Buy Price: 0.7
Commission: 26
Total Investment: 236
Final Price: 0.45
Final Value: 135
Return: -101
Total Return: -42.79661017
Another lesson here: Buy calls when the market is doing well. Again, short term options trading is not meant for long term strategies.
Speaking of which, I will be taking a break from trading for now, and rethink through my strategies. Most likely will come back in when the market outlook becomes slightly better.
Tuesday, March 4, 2008
Sell - SIGM
Made another HUGE Loss:
Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Sell Date: 3/4/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Final Price: 3.3
Final Value: 330
Return: -326
Total Return (%): -49.69512195
Woo! Another major loss to add to my lessons-to-be-learned. Lesson here, remember, never, ever, ever hop into a price drop right after the bad news is released. Because, things will always go down, down, down before it goes back up, up, up. REMEMBER!
Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Sell Date: 3/4/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Final Price: 3.3
Final Value: 330
Return: -326
Total Return (%): -49.69512195
Woo! Another major loss to add to my lessons-to-be-learned. Lesson here, remember, never, ever, ever hop into a price drop right after the bad news is released. Because, things will always go down, down, down before it goes back up, up, up. REMEMBER!
Wednesday, February 27, 2008
Buy - SIGM
Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Current Price: 6.5
Current Value: 650
Return: -6
Total Return (%): -0.914634146
Made a very bad mistake today. Bought this option at 6.3 when I could have bought it at 5.8. Why? Because I gave in to emotion from the market.
Anyhow, bought this option because the price suddenly sharply fell due to insider selling. Decided that it was an overreaction of the market especially since the fundamentals of the company was excellent. In fact, Zacks investments rates it as the top aggressive growth stock. Lo and behold, the price went up about 2 dollars in one day. For a 30 dollar share, thats a lot! And that's why I made such a bad mistake... Ah well, I'll see how it goes - I believe that the stock will keep going up as it came down from a price of 40 dollars.
PS: I'm glad I sold GSK. It went down - my prediction came true! Not bad! So far, 3 out of 3 true predictions.
Keep learning!
Buy Date: 2/27/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Current Price: 6.5
Current Value: 650
Return: -6
Total Return (%): -0.914634146
Made a very bad mistake today. Bought this option at 6.3 when I could have bought it at 5.8. Why? Because I gave in to emotion from the market.
Anyhow, bought this option because the price suddenly sharply fell due to insider selling. Decided that it was an overreaction of the market especially since the fundamentals of the company was excellent. In fact, Zacks investments rates it as the top aggressive growth stock. Lo and behold, the price went up about 2 dollars in one day. For a 30 dollar share, thats a lot! And that's why I made such a bad mistake... Ah well, I'll see how it goes - I believe that the stock will keep going up as it came down from a price of 40 dollars.
PS: I'm glad I sold GSK. It went down - my prediction came true! Not bad! So far, 3 out of 3 true predictions.
Keep learning!
Tuesday, February 26, 2008
Sell - GSK
Decided to sell GSK after I learned my lesson last time - don't be greedy. As I saw GSK approach the Fibonacci line like the last time after the Warren Buffet buy, I quickly sold it. Mere minutes after I sold it, the price jumped up and went past the line! Argh! But oh well, I'm still sticking to my investment principles and not succumbing to greed. That's the Golden Rule.
Stock Option: GSK JAN 2009 40 Call
Date Bought: 2/11/2008
Date Sold: 2/26/2008
Units: 100
Buy Price: 5.8
Commission: 26
Total Investment: 606
Sell Price: 7.4
Final Value: 740
Return: 134
Total Return (%): 22.11221122
Not bad I think - 22% in 2 weeks. But still doesn't cover my major loss. Ah well.
Keep learning!
Stock Option: GSK JAN 2009 40 Call
Date Bought: 2/11/2008
Date Sold: 2/26/2008
Units: 100
Buy Price: 5.8
Commission: 26
Total Investment: 606
Sell Price: 7.4
Final Value: 740
Return: 134
Total Return (%): 22.11221122
Not bad I think - 22% in 2 weeks. But still doesn't cover my major loss. Ah well.
Keep learning!
Thursday, February 21, 2008
Buy: VDSI
Haha... Rebought VDSI after its share price dropped drastically after the earnings release. Thank god I quickly sold the option right before the release. Made the right move. Note to self: remember never to risk on a pre-earnings game - it's exactly like gambling.
Stock Option: VDSI SEP 20 Call
Date Bought: 2/21/2008
Units: 300
Buy Price: 0.7
Commission: 26
Total Investment: 236
Current Price: 0.55
Current Value: 165
Return: -71
Total Return (%): -30.08474576
Yeah, it looks painful for now, but I truly believe the market has over-exaggerated the lower than expected earnings. We'll see. I'm enjoying my lessons in life.
Stock Option: VDSI SEP 20 Call
Date Bought: 2/21/2008
Units: 300
Buy Price: 0.7
Commission: 26
Total Investment: 236
Current Price: 0.55
Current Value: 165
Return: -71
Total Return (%): -30.08474576
Yeah, it looks painful for now, but I truly believe the market has over-exaggerated the lower than expected earnings. We'll see. I'm enjoying my lessons in life.
First Major Loss
Made my first major loss.
Stock Option: MRK APR 47.5 Call
Date Bought: 2/14/2008
Date Sold: 2/21/2008
Units: 100
Buy Price: 2.8
Commission: 26
Total Investment: 306
Final Price: 1.65
Final Value: 165
Return: -141
Total Return (%): -46.07843137
Lesson to be learn - stick to technical analysis and do not rely solely on candlestick patterns. Candlestick patterns only work at the very end, when making the final decision to buy the stock.
This really hurt me but I had no choice. I could have waited for the option price to go up again but it would be foolish to do so. Hence, I am sticking to my discipline to sell an option when it has gone down about 50 % in price.
Good lesson for you Adrian.
Stock Option: MRK APR 47.5 Call
Date Bought: 2/14/2008
Date Sold: 2/21/2008
Units: 100
Buy Price: 2.8
Commission: 26
Total Investment: 306
Final Price: 1.65
Final Value: 165
Return: -141
Total Return (%): -46.07843137
Lesson to be learn - stick to technical analysis and do not rely solely on candlestick patterns. Candlestick patterns only work at the very end, when making the final decision to buy the stock.
This really hurt me but I had no choice. I could have waited for the option price to go up again but it would be foolish to do so. Hence, I am sticking to my discipline to sell an option when it has gone down about 50 % in price.
Good lesson for you Adrian.
Tuesday, February 19, 2008
Buy - ONNN
Stock Option: ONNN JAN 2009 5 Call
Date Bought: 2/19/2008
Units: 200
Buy Price: 1.9
Commission: 28
Total Investment: 408
Current Price: 1.7
Current Value: 340
Return: -68
Total Return (%): -16.66666667
Date Bought: 2/19/2008
Units: 200
Buy Price: 1.9
Commission: 28
Total Investment: 408
Current Price: 1.7
Current Value: 340
Return: -68
Total Return (%): -16.66666667
Sold: VDSI
Stock Option: VDSI JUN 20 Call
Date Bought: 2/11/2008
Date Sold: 2/19/2008
Units: 100
Buy Price: 2
Commission: 26
Total Investment: 226
Final Price: 2.4
Final Value: 240
Return: 14
Total Return (%): 6.194690265
Could have done better because VDSI was clearly on the uptrend. But the price of the option kept going down. Felt it was too high of a risk to depend on the profits release this Thursday so I sold it off at a rather low price today, especially since tomorrow I will be busy all day and won't have the time to look at the market.
Ah well, still locked it on a 6% profit. Not too shabby for 8 days.
Date Bought: 2/11/2008
Date Sold: 2/19/2008
Units: 100
Buy Price: 2
Commission: 26
Total Investment: 226
Final Price: 2.4
Final Value: 240
Return: 14
Total Return (%): 6.194690265
Could have done better because VDSI was clearly on the uptrend. But the price of the option kept going down. Felt it was too high of a risk to depend on the profits release this Thursday so I sold it off at a rather low price today, especially since tomorrow I will be busy all day and won't have the time to look at the market.
Ah well, still locked it on a 6% profit. Not too shabby for 8 days.
Sunday, February 17, 2008
Monday, February 11, 2008
Buys
GSK JAN 2009 40 Call 2/11/2008 100 5.8 28 608 5.4 540
VDSI JUN 20 Call 2/11/2008 100 2 28 228 2 200
VDSI JUN 20 Call 2/11/2008 100 2 28 228 2 200
Saturday, February 9, 2008
GSK
Decided to buy one 40 Jan 09 call option of GSK since there were bullish patterns in its candlestick pattern.
Exciting. Let's see what unfolds.
Exciting. Let's see what unfolds.
Friday, February 8, 2008
Meditation 1
Things look exciting today, especially for the pharmaceutical sector:
MRK - gone down 1.17 to 44.53, I'm going to wait and look out for bullish reversal patterns.
GSK - gone down 0.23 to 42.16, same as MRK
I think between the two companies, GSK seems to be a better bet, I'll wait and see depending on the situation the following days give.
VDSI looks exciting too - having gone down immensely recently, it just went up 0.08 today to 16.98. I see a bullish reversal happening.
However, I'll be playing the pre-earnings game on VDSI, depending on the situation nearing 2/20. If it hits around 17.5, I'll buy the March call, then sell it the day after regardless of loss or profit. If it's a loss, then I'll buy June calls the next day at a low price. I'm pretty confident VDSI can do well in the long run.
Things look exciting, despite an upcoming downturn, I'm looking forward to things.
MRK - gone down 1.17 to 44.53, I'm going to wait and look out for bullish reversal patterns.
GSK - gone down 0.23 to 42.16, same as MRK
I think between the two companies, GSK seems to be a better bet, I'll wait and see depending on the situation the following days give.
VDSI looks exciting too - having gone down immensely recently, it just went up 0.08 today to 16.98. I see a bullish reversal happening.
However, I'll be playing the pre-earnings game on VDSI, depending on the situation nearing 2/20. If it hits around 17.5, I'll buy the March call, then sell it the day after regardless of loss or profit. If it's a loss, then I'll buy June calls the next day at a low price. I'm pretty confident VDSI can do well in the long run.
Things look exciting, despite an upcoming downturn, I'm looking forward to things.
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