RTQS Real Time Stock Quotes

I have not posted for a week.  Just wanted to wait for some stability in the market.  About 6-7 weeks back, I had posted about the market correction to levels of 11,800.  It has been worse than that. As a result I too am in deep red i.e is about 20+%.  I have not sold any and taken loss.  I am just adding more at attractive levels. This is the advantage of buying in small numbers.  Other than ETF's and some good names I do not buy.  Also as soon as I buy stocks, I write covered calls( 6 month leaps). 

I bougt the below.    CREE energy saving paly, USD is ETF, SLT is metals.

  This week,  I have accumulated SMH,NYX,BRCM,TEX.  Al are in green zone.   Couple of weeks back I had talked about XIDE going to $19.  It closed @18.80 yesterday.

XLF@<23, hopefuly some of you added.  It has been inching up.  This morning INFN is tanking.   All my covered calls NYX,V,EBAY,SGR,INFY,WFR are doing well to my advantage.

Most of my past week picks are in positive and some by 8-10%.  

1. If I buy yhoo jan10, $12.50 calls, my cost would be about $11.  So I am willing to buy yhoo@24.50 in Jan 2010.   I think 1.5 years is a safe bet.  I may sell jan10 $10 calls and collect $13 now. So I am starting positive.

<DISCLAIMER> Do your own home work before you trade any stock or options.

Stocks have taken enough beating since 4 day's.  Good ones have entered in to their lower trading zones.  I have been buying since 3 day's . Small portions at a time.  Yesterday I bought SMH@30.70, NYX@57.071, ARUN@5.27.

As I have posted in my previous posts, I have bought EBAY@29.02 and wrote Jan09 32.50 calls. Collected $2.12, I have done the same with WFR,SGR etc.  I feel little safe.

<DISCLAIMER>Do your own home work before you buy any stock.  Losses can be huge.

Coverd call plays:

1. I buy V @<81.  Sell calls Jano09 $90 options. Collect $8+.   On down side this protects to $73.  Upside  $17 profit i.e 20%. 

Bad times!!!!   If you enter market, enter small, do with covered calls of good stocks.   I like  ETFS.  I only add very small portions at a time when market dips like this.  I have accumulated XLF to date about 800 , 200 at a time.  My average is very low and hence losses are also low.  Also all the covered calls I did are helping me. <DISCLAIMER>  Do your home work before you buy any stock.  Please put stop loss as soon as you buy.

1. I buy EBAY@<29.50,  I will sell Jan09 $32.50 options, collect $2.50.
2. I buy STP@<40, Sell Jan09 $40 options, collect>$8.50.  This is 20% profit, down side it will protect me to $32.  If it falls to $32, I will evaluate at that time based on market conditions.
3. If I buy WM@<7.50, (PS: I own WM, my average is $9.89)I will sell covered calls Jon09 $10, collect $1.  New trading range for WM is $6.50-$9.50.  This will persist
   

You can just go back and see my picks. and see how they have done. Not too many loosers.  Some are down like TTM/WM.  But one should not worry on these in long run, WM, if it falls to 8, I will double my positions.  No one must buy any stock in lumpsum. I always do average down or up on good stocks. When some stock falls 10-15% or so,   if I beleve a perticular stock will be down for 6 months or more,I take losses. My covered call picks have done very well and I am reaping the profits.