bargain hunting

i can’t help but get a little sick pleasure out of the state of the market. honestly, playing the stock market is better than watching a good suspense movie. if you are fully invested, you hope and pray for the good guy to get out of the house with his beautiful girlfriend; if you are cashed out and on the sidelines, you love the slow steady walk of the bad guy – the one where he simply takes his time waiting for the inevitable trip.

well, looks like we’re witnessing at least a stumble if not a complete fall. i mentioned on lifeconnect two weeks ago it was time to take profits as the market was overbought simply on emotion. thankfully i took my own advice. its difficult to sell off then watch as the stocks you just sold gain a few points, but all is right when you see the red numbers of death a few days later.

there is increasing speculation as to the cause of our current volatility (a topic i will expound upon in detail later) but the fact remains, volatility is a traders friend. there are many tactics and strategies to trading, none of which i seem to employ in my ‘on again, off again’, erratic trading. the simple fact is, if you take your money seriously, then the volatility offers a great chance to make money. make no mistake, your money is yours to manage. even if you utilize a broker, you simply must take ownership over your own investments.

all right, enough rambling and on to my current watch list to include buy in points. as always, these are simply my opinions, but i put my money where my mouth is. if you care, i’ll most certainly supply chart analysis as support for my points.

scoreboard:

Year to date – Luke 19.44% Dow -7.24%
Q2 – Luke 35.36% Dow 3.06%

Watchlist:
Symbol / Target Price

AAPL 177
CSE 14.75
DRYS 66
DSX 25.13
EDU 50
ESV 65
EXM 32
FRO 50
IEO 75
ILF 250
KOL 42
LEH 20
MA 245
SFI 14
SLX 87
TAN 21
TELOZ 29.5
V 69

there you have it. do your own research, but this might be a jumping off point. happy trading. if you have any good tips, please let me know. oh, a study of market forces is on the agenda.

Read Full Post »

on again, off again

i must admit, my brief blogging career to date shows signs of less than stellar performance. i am, after all, a flippant writer with a short attention span. though my enthusiasm seems above reproach, my constitution for consistency is lacking.

i often feel as though i have much to say as the world must be saved. but more often than not, i’m learning it is me who is in need of salvation and education. but as any teacher will tell you, at times the best learning comes from teaching.

i do not know what i’ll write about or where this blog will take me. in the past it has served as an idea board, a launching pad, a place to rant or laud and even mournfully dirge. i hope to find direction and i hope to once again find a voice that sounds right in my own ear.

my ideas and thoughts tend to be my own and so often in opposition to those who are gracious enough to read my outspread mind. i’m not sure if i’ve offended more or spurred more thought. writing with an audience in mind is a tedious path. i’ve followed it before and bowed to its tireless pressure.

this blog will constitute my thoughts. this blog will not be about the audience. if you choose to read, please indulge fully; criticize and critique; scoff and rebuff or think and enjoy. but i must admit, i almost hope no one reads. sometimes the whisper in the wilderness is more satisfying than the shout among the masses.

today is a new day. my battered and clipped wings feel spry for flight.

Read Full Post »