EBAY = money.. up 11%, up about 16% since monday
in on XMSR at 14.. 200 shares.
Thursday, January 25, 2007
Wednesday, January 24, 2007
ebay
holler.
ebay released good earnings =)
stock should be up a good amount tomorrow. going to sell option calls on my shares i think at 32.5 strike, prob for the end of this month. holler.
sold covered calls on PALM at 15 for march.
ebay released good earnings =)
stock should be up a good amount tomorrow. going to sell option calls on my shares i think at 32.5 strike, prob for the end of this month. holler.
sold covered calls on PALM at 15 for march.
Monday, January 22, 2007
getting back into the investment game
For some reason, I have been more and more interested as of recent to get back into the stock market game. This might be a result of the market doing pretty well recently, and also just more of a need to find something to do besides study for the LSAT. Anyways, I have created this blog to provide some of my own opinions on which stock picks that I think are good, and to provide you with some reasons why I think these will be good moves to make in your own portfolio.
I currently manage my own portfolio, and I don't have much dinero to work with, but I make do with what I have. Anyways, I currently own 4 stocks, which I do recommend (only reason I own them myself).
The first is SIRI- Sirrus Satellite Radio- I feel like this position is definitely one that is a long term commitment, because of its potential for upside, but also because it needs to dig itself out of debt. If you have ever heard satellite radio before, I think it is pretty solid, as even I have become a believer of it. To make things better, Sirrus only has one competitor- XM. This duopoly just means less competition, although both of them do compete to sign talent, and to subscribe people, which actually costs them a good amount of money (due to promotional deals, etc). However, I still think the potential for satellite radio is good, because it is being installed as a standard feature now in alot of cars, and most people would not mind paying $15-20 a month for good radio... and Howard Stern. Thus, I think a strategy that might be good with this stock is to sell short term covered calls, as I have been doing on a month to month basis. The volatility of this stock has been high recently because of potential merger talks with XM, but otherwise, I think it's a good move to hedge your positions by selling covered calls since this stock hasn't moved much recently out of the $3-4 dollar price range.
My second position is EBAY. I think the 4Q sales will be solid due to the holiday shopping season, but I do cringe when I think of EBAY because of the horrid experiences that I've had on eBay selling stuff to buyers who don't end up paying. However, even with those terrible experiences, I still give my money to eBay, and to PayPal, since they basically monopolize the payment method market here. I have lost tons of fees to this company, but still have not turned away, because there really aren't any other alternatives. Sounds like a pretty solid business plan to me. I am really looking for growth in its international business, and hopefully Skype will be successful (yeah, they own that too). However, looking for good upside on this stock, as it has just been hammered over the past year because they don't know how to grow right now. Lets hope that changes.
My third position is PALM. I bought this before Apple introduced the iPhone.. and of course the stock took a hit as a result of it. However, I like Palm because of it's relatively low P/E ratio, but also because I like the product. I own a Palm Treo, and really believe the product is solid, even with its high price tag. However, I am a bit apprehensive about this stock now that this iPhone is coming out, but I feel like the users who will buy an iPhone and who will buy a Treo are not the same types of people, so it won't negatively impact sales. I might be wrong though, as I do want to get an iPhone for myself in the future, if it REALLY does all those cool things. But, the fact that it will only be available on Cingular makes me not want to get it.
My last position is HAL. This is Halliburton, which basically assists all the oil companies in drilling and stuff like that. This stock is at a pretty low price- it has good P/E ratios compared to others in the industry, and with crude at a low price, I think this stock is discounted well. I think that with a continued rise in crude, and with just a dependence on oil, this stock is a great buy for the long term, with good potential for upside. If I had more money, I would also get into some crude oil positions and buy USO- a US oil ETF.
I am looking at some other companies, as Verizon Wireless (VZ) also looks good to me. If only they would offer some cooler phones, then their business would take off for sure. I think retailers, such as Wal-Mart (WMT) are good buys right now, as that stock has not gone anywhere recently.
A play I might make before Amazon.com releases earnings. AMZN. Probably will not be in it for the long side though, as I don't think the stock will really hit expectations and will fall short of targets or outlook. Might be shorting/buying puts- but I'll have to get back to you on that.
I currently manage my own portfolio, and I don't have much dinero to work with, but I make do with what I have. Anyways, I currently own 4 stocks, which I do recommend (only reason I own them myself).
The first is SIRI- Sirrus Satellite Radio- I feel like this position is definitely one that is a long term commitment, because of its potential for upside, but also because it needs to dig itself out of debt. If you have ever heard satellite radio before, I think it is pretty solid, as even I have become a believer of it. To make things better, Sirrus only has one competitor- XM. This duopoly just means less competition, although both of them do compete to sign talent, and to subscribe people, which actually costs them a good amount of money (due to promotional deals, etc). However, I still think the potential for satellite radio is good, because it is being installed as a standard feature now in alot of cars, and most people would not mind paying $15-20 a month for good radio... and Howard Stern. Thus, I think a strategy that might be good with this stock is to sell short term covered calls, as I have been doing on a month to month basis. The volatility of this stock has been high recently because of potential merger talks with XM, but otherwise, I think it's a good move to hedge your positions by selling covered calls since this stock hasn't moved much recently out of the $3-4 dollar price range.
My second position is EBAY. I think the 4Q sales will be solid due to the holiday shopping season, but I do cringe when I think of EBAY because of the horrid experiences that I've had on eBay selling stuff to buyers who don't end up paying. However, even with those terrible experiences, I still give my money to eBay, and to PayPal, since they basically monopolize the payment method market here. I have lost tons of fees to this company, but still have not turned away, because there really aren't any other alternatives. Sounds like a pretty solid business plan to me. I am really looking for growth in its international business, and hopefully Skype will be successful (yeah, they own that too). However, looking for good upside on this stock, as it has just been hammered over the past year because they don't know how to grow right now. Lets hope that changes.
My third position is PALM. I bought this before Apple introduced the iPhone.. and of course the stock took a hit as a result of it. However, I like Palm because of it's relatively low P/E ratio, but also because I like the product. I own a Palm Treo, and really believe the product is solid, even with its high price tag. However, I am a bit apprehensive about this stock now that this iPhone is coming out, but I feel like the users who will buy an iPhone and who will buy a Treo are not the same types of people, so it won't negatively impact sales. I might be wrong though, as I do want to get an iPhone for myself in the future, if it REALLY does all those cool things. But, the fact that it will only be available on Cingular makes me not want to get it.
My last position is HAL. This is Halliburton, which basically assists all the oil companies in drilling and stuff like that. This stock is at a pretty low price- it has good P/E ratios compared to others in the industry, and with crude at a low price, I think this stock is discounted well. I think that with a continued rise in crude, and with just a dependence on oil, this stock is a great buy for the long term, with good potential for upside. If I had more money, I would also get into some crude oil positions and buy USO- a US oil ETF.
I am looking at some other companies, as Verizon Wireless (VZ) also looks good to me. If only they would offer some cooler phones, then their business would take off for sure. I think retailers, such as Wal-Mart (WMT) are good buys right now, as that stock has not gone anywhere recently.
A play I might make before Amazon.com releases earnings. AMZN. Probably will not be in it for the long side though, as I don't think the stock will really hit expectations and will fall short of targets or outlook. Might be shorting/buying puts- but I'll have to get back to you on that.
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