Today, the market was pretty mixed, but ended the day on the negative side. It seems that there are a lot of upcoming retailers that will be releasing their earnings like JC Penny, Macy's, Kohls, Footlocker etc.
Today, I purchased 19 shares of Zillow at $97.89 preparing for their Q1 earnings release on Tuesday after market closes. Zillow acquired Trulia this past quarter and the additional revenue seems to be underestimated signifcantly. However, the new acquisition will definitely be reflected in their earnings per share. From previous earnings reports, Zillow has been on a pattern of missing, then meeting exceptions. Overall, I will see how the market trades Zillow during the early parts of the trading session.
I'm still currently holding onto Groupon, Tesla, and Kroger. I play to hold Groupon and Tesla to see how the market moves in the coming few days and I will hold Kroger until it begins to recede below the moving average.
Other stocks I am currently eyeing include Footlocker, Jack in the Box, and Sales Force.
Tuesday, May 12, 2015
Thursday, May 7, 2015
May 7, 2015
Disney earnings ended up being released before market opened on Tuesday, so I couldn't buy into it. Instead I purchased 200 shares of Groupon at market ($7.11) and 10 shares of Tesla at market ($237.99) to play earnings, and 10 shares of Kroger at market ($68.24).
After a rough trading day on Tuesday, GRPN released it's earnings report after the market closed. It beat EPS by $0.02, but missed revenue by about $90 million. Investors were also worried about bad leadership among the company, and is questioning the direction that the company is headed towards. As a result, the stock tumbled down to about $6.30. I plan to hold GRPN until it rebounds and place a Stop Loss as a safety precaution. GRPN is just hovering above it's 52 week low, so I am confident that it will rebound.
I placed a Stop Loss on BABA at $80, and for once, BABA dropped below it's 52 week low so it was automatically sold off. Maybe I shouldn't have set such a high Stop Loss... hm.
After another rough trading day on Wednesday, TESLA released it's earnings. Overall positive: they were able to meet quota on car deliveries, while beating revenue by several million dollars. Despite their positive financials, investors were questioning their spending and have speculated. Over the past quarter, they have "overspent" and may not have enough capital. The big question for TSLA is: where will you get more capital, what's the demand on the new Model X, and how will you enter the large battery industry? Tesla dropped during the market trading hours, but rebounded in the after market because of earnings. From a technical standpoint, TSLA is on an uptrend and may be able to break the 52 week high of $290.00. I'll set a stop loss at the moving average, and if it recedes back to the moving average, I will sell it, assuming that it will not go up any higher for now.
Other thoughts: I could have bought into CHEGG and EA, but decided to go Kroger instead. Chegg jumped nearly 10% and EA jumped 5% after earnings on Wednesday.
Also, I was always eyeing Alibaba, Yelp and Tesla. I bought into Tesla too late, because of my lack of buying power, and I sold BABA and YELP too early. BABA jumped 7% today after their earnings report released, and YELP jumped nearly 25% due to speculation that they may be bought out after a poor Q1. Maybe I should trust my intuition a little more, and hold on for the ride. These two stocks literally jumped the day after I sold. And my gut told me to purchase TSLA a few weeks ago when it was near $190, and now it's at $235.
I'll be experimenting with intra-day trading. I have to find the average range that a stock will span within a day, and set a buy and sell limit. I'll most likely be experimenting with more volatile tech-companies like Groupon, Yelp, and Twitter etc.
After a rough trading day on Tuesday, GRPN released it's earnings report after the market closed. It beat EPS by $0.02, but missed revenue by about $90 million. Investors were also worried about bad leadership among the company, and is questioning the direction that the company is headed towards. As a result, the stock tumbled down to about $6.30. I plan to hold GRPN until it rebounds and place a Stop Loss as a safety precaution. GRPN is just hovering above it's 52 week low, so I am confident that it will rebound.
I placed a Stop Loss on BABA at $80, and for once, BABA dropped below it's 52 week low so it was automatically sold off. Maybe I shouldn't have set such a high Stop Loss... hm.
After another rough trading day on Wednesday, TESLA released it's earnings. Overall positive: they were able to meet quota on car deliveries, while beating revenue by several million dollars. Despite their positive financials, investors were questioning their spending and have speculated. Over the past quarter, they have "overspent" and may not have enough capital. The big question for TSLA is: where will you get more capital, what's the demand on the new Model X, and how will you enter the large battery industry? Tesla dropped during the market trading hours, but rebounded in the after market because of earnings. From a technical standpoint, TSLA is on an uptrend and may be able to break the 52 week high of $290.00. I'll set a stop loss at the moving average, and if it recedes back to the moving average, I will sell it, assuming that it will not go up any higher for now.
Other thoughts: I could have bought into CHEGG and EA, but decided to go Kroger instead. Chegg jumped nearly 10% and EA jumped 5% after earnings on Wednesday.
Also, I was always eyeing Alibaba, Yelp and Tesla. I bought into Tesla too late, because of my lack of buying power, and I sold BABA and YELP too early. BABA jumped 7% today after their earnings report released, and YELP jumped nearly 25% due to speculation that they may be bought out after a poor Q1. Maybe I should trust my intuition a little more, and hold on for the ride. These two stocks literally jumped the day after I sold. And my gut told me to purchase TSLA a few weeks ago when it was near $190, and now it's at $235.
I'll be experimenting with intra-day trading. I have to find the average range that a stock will span within a day, and set a buy and sell limit. I'll most likely be experimenting with more volatile tech-companies like Groupon, Yelp, and Twitter etc.
Tuesday, May 5, 2015
May 4, 2015
Shake Shack randomly spiked 6% today based on nothing. No news releases, nor ground breaking events happening in the industry. Overall, the market was positive.
I will have about $4,500 in buying power, preparing for the DIS earnings report. I read a few rumors that earnings will release BEFORE the market opens, as opposed to AFTER market closes so I may not be able to buy in to ride the earnings swing. Disney seems to have an extremely positive outlook and is also continuing to peak at 52 week highs every week. If i'm not able to buy into DIS at this time, I will consider investing 20% of my buying power into DIS for long term.
I will continue to hold BABA until pre-earnings. I don't plan to keep it throughout the earnings release on May 7, but I'd like to see how the tide swings. It's currently at it's IPO price and 52 week low, so if it shoots below the 52 week, I will definitely sell.
Saturday, May 2, 2015
Week Reflection
Funds Awaiting Settlement:
YELP - 25 Shares - $1,000.00 (Settles on May 5)
AAPL - 28 Shares - $3,524.64 (Settles on May 5)
Currently Own:
BABA - 25 Shares - $2,029.25
Buying Power:
$16.59
The market was on the down trend most of the week because of the Fed meeting, until it rebounded slightly on Friday. Apple earnings released Tuesday after the market closed, but there was only about a 2% jump in the after market despite Apple's astonishing iPhone sales. However, looking back at the prior week, investors have been anticipating another record breaking earnings quarter so the stock was already bidded up close to it's 52 week high. Perhaps that's why it didn't jump very much?
This week, YELP earnings released after the market closed on Saturday and YELP had a terrible performance last quarter. Lack of guidance, user growth, and revenue. Overall, the stock plummeted and I no longer saw value in the stock so I decided to cope with the losses and invest into another company.
BABA earnings are coming up this week. My plan is to sell before the actual earnings report. BABA has shown many signs of week leadership and growth so I do believe that it will fall below its 52 week low. I may buy in after the stock settles down, though.
Future Plans?
I'm definitely looking into investing into DIS in preparation for their earnings report. I'm contemplating whether or not I should invest half of my funds into a reliable long term stock like SFM, or WFM, or KR. But I'm having second thoughts about long term investments because of the potential stock market crash. All markets are drawing frighteningly high...
First Blog Post
Hello!
This is where I will be posting my thoughts on the stock market as well as my thought processes and reasonings behind all of my trades, and future actions. I am currently focused on swing trading while using the technical analysis approach. The purpose of this blog is to act as a personal guide, and point of reference for myself.
This is where I will be posting my thoughts on the stock market as well as my thought processes and reasonings behind all of my trades, and future actions. I am currently focused on swing trading while using the technical analysis approach. The purpose of this blog is to act as a personal guide, and point of reference for myself.
Subscribe to:
Posts (Atom)