Tuesday, July 24, 2007

Stock Earnings 07/25/07

Here it is, your "earnings cloud" for July 25, 2007. Enjoy, it's a big one.


Remember, this is an edited list from Yahoo Finance. There are more stocks that are reporting earnings tomorrow, they're probably just shitty stocks.

Also, if you see I'm missing a good stock, please feel free to fill me in via the comments section. Hundreds of you are reading this yet you're all creepy lurker types...

The Zombies, "This Will Be Our Year"


A Good Day Of Stock Trading

The goodness started early. For the first time in a long while, I entered some orders at the open and they worked.

At the open, I got short FED because of the weakness in CFC and CF because of the weakness in TNH.

This is the way I used to trade. Find the stock with news or volatility and trade a related stock that will move, but won't be as volatile and, in theory, less dangerous.

As it turned out, I covered both stocks early. But that's fine because what's important is that both trades were profitable and got me started off. I'm not looking to make perfect trades, I'm looking to make money.

Anyway, the next stock I got short was one of my recent favorites, BTJ.

I short him because all of the oils were coming off hard and he's been a real momentum play. With momentum getting slapped marketwide, I figured it was only a matter of time before BTJ got shelled as well. This stock isn't for everyone, that's for sure. The spreads are wide and it can get spiky. Worse still, it trades on the (enter scary music here)AMEX... but, it was my best stock of the day as I made $551 in the bastard.

Anyway, I've started to feel excited about trading again... I mean, I'm still down on the month due largely to my blowup last Tuesday, but things still seem to be getting better. It's all mental. Hopefully, I will be able to write intelligently about this all in the near future. I'll be able to look back with some perspective on "the slump" and be done with it.

We'll see.

If there's one thing that has been an awful hallmark of this particular slump it's that when I start to feel confident I get smoked all over again. The good news is that I've set very tight loss limits with my company so right now, it's impossible for me to blowup. I think that's been somewhat freeing psychologically. Knowing that if I lose a certain amount I will not be able to place orders has been a great incentive not to screw up too badly (so I can keep trading) but its also insulated me from massive losses that will kill my confidence (not to mention my P&L).

Looking forward to the rest of the week.

Here's the stats:
P&L, $2091
Best, BTJ, $551
Worst, CFC, -$109

shares traded, 29,000
17 stocks traded, 11 winners, 6 losers
139 total trades

Virtual Office, $6108. Dow, -226.14, 13717.28.

Misstrade, $3018 on 5200 shares traded.
Me, $2093 on 29,000 shares traded.
Evolution, $901 on 71,200 shares traded.
Bubs, $101 on 400 shares traded.
OBAT, $5 on 5800 shares traded.
Denarii, -$10 on 1000 shares traded.

Well, with the markets predicting the end of the world tomorrow, things were pretty interesting today. However Bob Pisani and Dylan Ratigan are saying the bottom is in... lol!

I mean, what's great is that the market sold off over 200 points and it really doesn't dent the indexes too much. We're only 250 points away from 14,000 still. Remember that? Dow 14,000? Imagine how much fun we could have if we got some real volatility back?

Anyway, as I stated in an earlier post, this whole week should be interesting and good for trade.

AMZN after the close today, AAPL after the close tomorrow... get out your hard hats!

UPDATE: Market reacting positively to AMZN earnings early on...

NOTE: My daily post will be later this evening.

Freaky Hybrid Trade Of The Day, CNH!

Just take a quick look at the graph below.

See that first 15 minutes? That's freaky... and that's the hybrid market for you. There is nothing "orderly" about that market.

That said, it's one of my best stocks on the day, but still... it's hard to trade the market with any type of confidence when there are these wild illiquid moves on 100-share prints.

Go visit Ray over at Exchanges and tell him to tell his "hybrid builders" to fix this stuff. Tell him the Dinosaur sent you, but please be polite.

Perhaps if the NYSE hears from more traders they'll have more incentive to fix trades like this.

Indexes Flatlining

After a crazy morning of trade, the market has quieted down here in the middle of the day.

Lots of stocks moved early... the solars, the fertilizers, the oils.... MVIS.

Anyway, I'm basically on the sidelines right now, watching and waiting.

I'd say a bounce back to flat would be nice, but I'm not hopeful as the internals are ugly here. Still, volatility entering the market is a good thing if you like to trade. If the market wants to go to 14,000 again I'm good with that. If it wants to go to 12,000 I'm okay with that too.

The rest of the week could be interesting. Loads of earnings (which I'll list here) and also a few important economic releases. Should be an exciting end to July just in time for the market to really suck in August.

And for the weekend, a probable "weekend blogger"! That's right. We're just setting up the terms of the deal. I'm offering him millions of Dinosaur Trader shares. I mean it's only a matter of time before ABC buys this site.

Of course, with a float of 64 billion, a few million Dinosaur Trader shares won't be worth much, but still, it's something.

MVIS Inks Deal With Motorola

Thanks to "the Fly" for getting me involved with this gem at $4.05.

Of course, MVIS will have to print $60 to make up for the horrendous year I'm having, but $6 is a good start.

Here's the link to the press release.