Let's bet on the iPad

The iPad will be on sale in a couple of days. Will it boost Apple's shares or will it disappoint Apple's customers?

I have no idea, honestly. For some aspects I do like it, for others I am afraid it cannot do many things without paying extra bucks.

So, what should we do? Well, regardless on iPad's success or failure I would expect Apple's shares to move in one way or another.

I would suggest to buy both Call and Put options on AAPL. I just bought the same amount of contracts for April 17th AAPL options with strike price $235. The cost of 1 call + 1 put contract should stay close to $6. This means that if AAPL goes under $229 or above $241, then we gain.

But beware: if AAPL stays around $235 we lose. So just bet a few hundreds dollars on this.

New buy

After a long time I am going to place a new buy order.

I would suggest to buy MORGAN STANLEY CHINA A SH FD COM (CAF).

I would suggest a 1% trailing stop buy order and an initial stop loss price of $24.98.

Stop Loss Update

Dear all,

I just changed our stop loss on LANC to $51.93.

VR stays at $23.19 and the rest of the market is to me very unclear.

Let's wait some more time before taking any position.

Recovery in progress

Dear readers,

my old computer (a Linux box working since 2001) decided it was time to retire and decided to leave me.

I am currently finishing the data and analysis tool restore on a new box and I hope we should be able to trade again soon.

As for our current portfolio (BUCY, LANC and VR) I would suggest to hold, while update our stop loss price for BUCY to $54.49.

Account blocked again...

I do not know what happened. My account was blocked and my blog taken offline.

I hope it will work now, or I will have to move away from blogger.com.

The market situation looks very uncertain to me. We just sold GIGM with a loss and I would wait a while before buying new stocks.

Bye

We bought and sold

We should have bought our last 3 stocks in these last days: VR, GIGM and LANC.

At the same time EROC violated our stop loss price and was sold on November 19th at $4.48. We bought it on September 14 at $3.87 for a 15% gain (plus a small dividend of roughly 0.5%).

LANC and VR

Yesterday we should have bought GIGM at around $4.43.

LANC and VR did not trigger our 1% trailing stop buy orders. I would suggest to re-enter the two orders for VR and LANC today, but after 10AM, so to skip the crazy market start.

Happy trading