Investing Journal - T2S

Just sold CSCO @25.78 to book my 27% gain in 2 months. CSCO has an awful lot of resistance at the 26-27 level, will look to re open if it breaks through 27.

For now, very happy with this trade, best one of the year so far.

Also one more thing. CSCO broke out of the channel its been in since Nov to the upside which leads me to believe this move is exhausted at this point.
 
Next on the watchlist - IBM. This name always makes it back into my watchlist for one reason or another.

Right now the reasons are:
1. Very strong support at the 190 level
2. It has been consolidating for about a year and a half
3. I believe earnings on the 17th will be positive, dont really see this thing dipping to a FPE in the single digits, which a bad earnings would do to it.

Would like to get in at some point today, waiting to see if i can get a price closer to 192 or even better if we can get a little mid day pullback here in the market.
 
placed order of IBM@ 192.35. 8 months ago I paid 192.85 and in march sold IBM for 202.61. Looking for a similar trade here maybe up to the 205 area.
 
Account Balane: $55,697
Total deposits: $33,500

Great week for me

Still no deposits, may done one in the next week or so we will see.

Was somewhat active this week.

1: bought more BBL at 50.49 and got a quick pop, currently up 6% on BBL
2: sold CSCO @25.77 for a 27% gain in a little over 2 months
3: replaced CSCO with IBM at 192.35, looking for about 205 or better on IBM.

After further thought, I think I will just hold the KO puts until expiration. I'm already up 35% on them, but I think it's a pretty low beta way to add some % gains and since I am already up pretty good on the year I would like some low beta ways to make money, the KO puts represent a great option for me as I put them on on the day the dow dropped 300 points a couple weeks ago. Only problem is it expires in November but that's fine, I'll take the low beta gains, or hold KO in November for 38 which I want to do anyways.
 
account balance: $57,601
Deposits: $35,000

Main purpose of this post is to update deposits as I just added $1500. This is one of two deposits I anticipate for this month, next one in 2 weeks will be similar around $1500-2000.

Also wanted to say I am happy with IBM today, its doing exactly as I was anticipating (obviously, since I went long). IBM is out performing market by about 1% today. Would like some nice follow through. It's also nice to see some bullish action 2 days before earnings which are on the 17th. I fully intend to hold through earnings and expect a good earnings announcement.
 
IBM earnings are out and they're good. shares up 3.5% so far in the after hours. shares at about 201. still looking for at least 205 on this name before i sell.
 
Account Balance: $58,012
Deposits: $35,000

Hoping to break $80,000 by dec 31st of this year, including any deposits I make. Should be depositing about 15k so I only need 7k in growth between now and dec 31st. should be a reachable target.

Today I made a purchase in PM at 88.80 which is a little above current price. PM has been consolidating for about a year now. This is one of the few instances where I like the management more then the product. I don't really believe in tobacco but think PM is one of the best run companies out there. Looking for over $100 relatively soon.

IBM didn't have the follow through I was hoping for, still going to hold it for now.

Leaning towards selling PPL. I'm up about 8% on it in relatively short time which is a good move for a utility company. I think there's still a little more value in this one though, will get hopefully up to my 10% target then sell as planned.

DLR is also nearing my target, depending on the market next week may sell both DLR and PPL.
 
Account: $56,950
Deposits: $35,000

Was having a good week until DLR announced earnings today. Earnings appeared to be good and stock was up about 3.5% this morning. it slowly sold off to about even at 2pm and then tanked 12% out of no where, still cant figure out why. This was about an $800 swing just in DLR today. Still cant figure out why it dropped like a rock so if anyone knows let me know.

Other then that not a very active week. Pretty boring stuff.
 
Account balance: $59,065
Deposits: $37,000

Added another 2000 deposits. between CAT and DLR I've been having a rough go, I actually under performed the s&p in July by about 1.5%. However I matched the performance of the DOW. the S&P is the one I care about more.

Towards the market close today I sold a 55 strike DLR Jan 18 2014 Put for $5.00. I plan on holding this until expiration. Including the put and the 100 shares I already own DLR is now my biggest position. I'd be more then happy to buy another 100 shares at $50 in January if I do get put the shares.

I am slightly behind schedule now for reaching 100k by years end but hopefully I can still pull it off.
 
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