Archive for January, 2007
Another Trade – WIT
One trading strategy I wholeheartedly believe in is CANSLIM. I’m not going to go into details about the method, you can read about it at the link provided and all over the web. It’s a fundamentals based strategy that relies on great earnings and great companies. When I was researching CANSLIM months ago I stumbled onto Pitbull Investor. I used their free trial with demo trading and had decent results, somewhere around 5% in one month. I finally ordered the system a few weeks ago. It’s basicly a simplified version of CANSLIM with the addition of the cup and handle chart pattern. Every week their automated system publishes a list of stocks that fit their guidelines. The past few weeks have created very small lists and none of the companies jumped out at me. Then this weekend the new list was longer. I found two stocks that interested me, WIT and MEOH. Both are fundamentally great companies but WIT is in a cup and handle chart pattern. They were also scheduled to release earnings today. I used the rest of my cash account to buy WIT yesterday at $16.96. Today they beat the predicted EPS of $0.10 by $0.02, pushing the stock up over 4% to $17.84 as of right now. I’ll be holding this stock until it reaches the target of $20.62, it goes sideways, or I find a new stock that I feel has better potential.
Investing again…
It took a while but I’m finally back in the market. After selling my house I decided to put aside $5,000 to open a new brokerage account. While OptionsXpress has a LOT of great features their fees are a bit high. I’m keeping $1,000 with them as a backup account and for the tools they provide (free L1 streaming quotes, calculators, market scanners, etc). I put the $5,000 in a ChoiceTrade account. I haven’t decided if I’m going to stay with them yet but I’ve begun trading. Their website is bare bones and they don’t allow anything beyond basic options trades (no spreads, etc). Their fees are very low though, only $5 for stock trades (unlimited shares including penny stocks) and $0.75 per options contract ($6 minimum).
Sorry About The Downtime
Sorry about the downtime everyone! Due to issues with Amex the bill didn’t get paid like it was supposed to and the site went down while I was 350 miles away visiting my parents without access to the proper card to pay it. That’s also one of the reasons why I haven’t had any updates in a while. Now that it’s back I’ll be posting more regular updates. I have a bunch of images to add to the gallery as well.
The Dream Journal Works
I’ve been keeping a journal of my dreams since December 16th. The goal is to have better recolection of my dreams and increase the frequency of lucid dreaming. Prior to logging my dreams I would remember a few a week. I almost never had a lucid dream, and the few that I do remember were only partially lucid. I realized I was dreaming but didn’t choose to take control. Typically the characters in my dream would do whatever I wanted but I wouldn’t try something outside the realm of the current dream. Whenever I wake up and remember a dream I write it down, along with the time I went to bed and the time I woke up.
