I took control of my mother's roll over IRA which contained just over $193,0000 when I took over the daily trades of this account. Since then I am at $198,733.56 in just over 1 week of trading.
My current positions include:
1. Google January $720 option contracts (10)
2. Crox 200 shares
3. CDS 1000 shares
4. Capella Education CPLA 200 shares
5. GME 200 shares
Capella caught a less than stellar analyst opinion on Friday and it proceeded to correct, but I think that is just a temporary pull back. I am worried about CDS in its recent decline but I will keep a tight stop on that. Game stop appears to be headed higher and Crox has too much growth for it to languish in the sub $50 area.
I am looking to see Google appreciate to $740's range within this month, especially if the FED rate cuts are favorable and we do not have anymore side effects from the subprime mess, though, I still remain bearish, I will not fight the market direction, that is a losing proposition.
Gamestop is a play on multiyear growth in gaming industry and their business model cannot be beat. I look for them to have a stellar Holiday sales season, while the rest of the retail languishes. I may consider taking profits in mid January for a trade but if the stock behaves well, I will let it run with a trailing stop loss order.
Capella is a play on our economy slowing down and possible overtures of recession in the near future. The laid off work force will most likely be looking for ways to enhance their employability and I suspect that online degree granting businesses will thrive for the next two to three years. The full value of Capella has not been takn into consideration and they are one of very few institutions that grant advanced degrees. This will be a core holding of which I will plan on adding shares as this stock traverses higher. I will allow the stop loss to take me out of this position, currently at $69.58.
On my watch list are Liquidity services (LQDT), Sigma Designs (SIGM), Pharmanet Development (PDGI), and Cybersource (CYBS).
I like the chart patteron of Liquidty services (LQDT), Cybersource (CYBS), and Aerovironment (AVAV-which I will buy if it goes above $27 and stays there).
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