pwe – Phantasmix.com https://phantasmix.com Stock Market and Personal Finance Sun, 03 Mar 2013 21:12:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 Trade Update: PWE https://phantasmix.com/trade-update-pwe/ https://phantasmix.com/trade-update-pwe/#comments Fri, 09 Jan 2009 13:34:26 +0000 http://www.phantasmix.com/?p=1703 I covered [[PWE]] yesterday, for a total gain of 0.24%. Would’ve covered for +2.2% but believe it or not, because I posted the trade on

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]]> I covered [[PWE]] yesterday, for a total gain of 0.24%. Would’ve covered for +2.2% but believe it or not, because I posted the trade on the blog I thought “Well, I should execute my plan since it’s public!” That’s like reverse noise. I won’t let the blog control my trades, I won’t let the blog control my trades 🙂

Decided against holding the short, because:
– it’s very boring
– wouldn’t have made much anyway
– the stock was up on a day when oil was down (very uncharacteristic, worried me)

Boring and profitable would’ve been okay, better than exciting losses, but this was just blah.

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]]> https://phantasmix.com/trade-update-pwe/feed/ 2 Charts: DGP, PWE, SPX (S&P 500 Index) https://phantasmix.com/charts-dgp-pwe-spx-sp-500-index/ https://phantasmix.com/charts-dgp-pwe-spx-sp-500-index/#comments Thu, 08 Jan 2009 01:28:43 +0000 http://www.phantasmix.com/?p=1687 Click charts to enlarge [[dgp]] — Short @ $16.90 Though RSI(3) indicates that gold is short-term oversold, I’ve highlighted 2 recent occasions when it was

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[[dgp]] — Short @ $16.90

Though RSI(3) indicates that gold is short-term oversold, I’ve highlighted 2 recent occasions when it was oversold and kept dropping further.
As of this moment, US$ is moving up and gold is dropping.
My target is still tied to GLD, but I’m guessing it’ll be around 50dma on DGP as well, or $15.
dgp_jan7

[[PWE]] — Short @ $13.24

50dma is lower today, overall PWE behaving as expected with all the indicators starting to correct.
Stock went down on slightly higher volume today, but not significantly.
pwe_jan7

SPX — S&P 500 Index

Well… I have Jan $75 puts, as insurance against a dramatic plunge, because I’m still slightly paranoid. I have that TZA which is a 3x Small Cap Bear ETF. And I bought Feb $92 SPY calls (that I sold yesterday, re-bought them cheaper today). So though overall I’m net short the market, I’m slightly hedged. Saw a “signal” indicating that SPY should be at $91.50 at some point tomorrow, we’ll see.

RSI(3) worked off the overbought condition pretty fast.
Volume was slightly lower today.
Closed at support. Should it break, SPX will go to 50dma.
Pivot points for tomorrow:
R1 921.98; S1 896.90; R2 937.25; S2 887.09, DP 912.17

spx_jan7

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]]> https://phantasmix.com/charts-dgp-pwe-spx-sp-500-index/feed/ 2 Trade Updates, January 7 https://phantasmix.com/trade-updates-january-7/ https://phantasmix.com/trade-updates-january-7/#respond Wed, 07 Jan 2009 20:42:55 +0000 http://www.phantasmix.com/?p=1679 Bought TZA Wrote a covered call on TZA – if called, 11% profit, 22.5% downside protection TZA for a quick trade, bought and sold Shorted

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  • Bought TZA
  • Wrote a covered call on TZA – if called, 11% profit, 22.5% downside protection
  • TZA for a quick trade, bought and sold
  • Shorted SSO twice
  • Shorted SDS
    • Holding overnight:

    Short [[DGP]]
    Short [[PWE]]
    Long [[TZA]] with a sold covered call (Feb $40)
    Short [[SDS]]
    Short [[FSLR]] Lord help me

    Edit: I covered SDS and opted instead for two Feb’09 $92 SPY calls.

    I will post DGP, PWE and SPX charts later.

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