AceTrader

This site was designed to communicate with friends who share similar interest. The interest in the "free market". Stocks, over the long term, provide the best return on your money. More than cash, bonds and even real estate. Understand that investing is a learning process. We will learn from our mistakes and move on. This is a journey. Enjoy the ride!

Name:
Location: Bayside, New York, United States

My love for the market began in 1987 when I first opened a brokerage account with Fidelity Investments. You know what happened back in 87'. "Black Monday", the market crashed. My initial $ went down fast. Thus began my thirst for the challenge to make it in the market. Although I have science background, my Bachelors degree is in Economics from Washington University (great school). I also have earned an MBA in Finance from Fordham University, New York. Although I am registered as an "investment advisor" with the NASD, any information in this blogger is not intended for any business use.

Thursday, April 20, 2006

Hole in One ...

I need to get up early tomorrow because I have an investment seminar to attend in Manhattan at 7:30 am. This seminar is sponsored by Equities Magazine (I am a subscriber for the last 10+ years). There will be over 20 different emerging companies who want exposure of their story. By the way, I got to know RICK through this gathering. My friend Greg was with me the last time. This time John will join me. Of course, picking the real success story is skill in itself. Every company says they are going to be the next billion dollar company. Come on, you don't bullshit a bullshiter ...

Back to my title: Hole in One ( I am refering to golf not sex you pervert ).
Two days ago, I gave readers homework at the end of my blog, examine RMBS and tell me what you think. Because I had this gut feeling that it will tip over ( fall in price). Then yesterday I told you that I will short RMBS this morning. It closed yesterday at $46.60 (all time high). I shorted this morning at $45/sh. Then it crashed down to $29.52 (wow!). I covered at $35/sh. ( that's $10/sh gain in one afternoon!). If this is not a hole in one I don't know what is. As a trader, today was my personal best. This was too sweet. Oh, RMBS then came back to close at $38.50/sh. I shorted again.
Let's see what happens tomorrow (it will go up then crash again? I hope).

MATK is moving up slowly. When everything fell today, MATK and RICK was up today. Remember, MATK will move up and down until news (new customer who will put DHA into their food prduct) comes out. It can be anyday. I think a cereal company (Kellogg maybe?) is looking into it. The last new product was a soy milk company called Odawalla (I only drink soy milk, regular milk gives me a diarea). Just hold on guys.

KRY (gold) also tipped over today. Gold fell $28 to $609/oz from almost $640/oz. It may rebounce a little but it will be $5xx before moving up again. Was I right on this? Read my past notes and you decide.

Buy Allergan (AGN) if it goes above $103 per share. Target $113 StopLoss $99.98

I will be away from my beautiful computer for all morning tomorrow.
Pray that I come back with juicy new ideas for all of you. I had a great day ...

2 Comments:

Anonymous Anonymous said...

Nice! Where you get this guestbook? I want the same script.. Awesome content. thankyou.
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7:38 PM  
Anonymous Anonymous said...

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7:40 PM  

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