Life, Stocks, & Technology…
Posts tagged stocks
Bullish on AK Steel
Sep 8th
I’ve been Bullish on AK Steel (AKS) for some time, even before the recession. But I sold my position when all stocks began to fail. Now that AKS has formed a base, I have leveraged, this beauty of a stock, on every rally and every dip.
AKS has had a hell of a run for several days now, including today, and it is now time to shave off some more shares and take the money and run.
I always leave a core position on stocks that have strong fundamentals, like earnings, growth, and dividends. So AKS isn’t leaving my portfolio anytime soon. Steel demand is increasing and as the housing and the automotive industries start to come back, the demand will grow.
Above I have displayed a six month chart on where I think the stock will go…as I said we have had a strong rally the last few days and the stock should be running into some resistance right under fifteen dollars. If enough momentum and buyers join the party, we will break resistance and head toward the 200 day ma.
AK Steel even has more up move beyond the visibility of this chart…but for now let’s focus at the profits in our hands.
Netflix is a Clear Winner
Sep 7th
I have been holding Netflix for sometime now and it has been a clear winner. Even when negative news hit the street regarding the concern of the price of content, Netflix always finished first. Competitors like HULU and few others are trying, but at the end of this race I really believe Netflix will be The King of Stream.
This past month I’ve been noticing a lot newer movies being added to their streaming queue which for one, makes me and my family happier, two, it is much easier to manage watching movies, and three, you can see that Netflix negotiations with their content providers is improving and working.
Above you can see that Netflix has recovered from the dip that occurred a few weeks ago and has been hitting new highs. The sensible thing to do and my recommendation is to definitely take some profits off the table, but to leave a comfortable core position.
I believe this stock still has a ways to go and who knows, maybe a split in the near future would be a God send, so that new investors and traders would find the stock more attractive. And even though professionals would suggest that there is no big deal for a stock to split, I find it kind of appealing, because the bottom line I have more shares (double) and I’m not selling, so as the stock rises and new buyers come in, the stock pushes higher. Regardless what you believe, in this case, more is better in either case. So at the end of the day, I really believe you should BUY, SELL, or HOLD. Now, what stock gives you all those options in one shot ?
Wall Street Traders Back
Sep 7th
Just finished running through all my media sources this morning and most of the well known papers are just recapping last weeks run of the market. The naysayers also seem to just be repeating their Bear argument.
The futures are slightly down which I consider a natural pullback. Most of my selling was into the rally last week. I am still very Bullish, but some what cautious. We are still in a trading range, but much higher away from the dangerous pivot point we were at, the last couple of weeks.
Stocks are cheap and I am holding on to my core positions like AKS, BAC, AA, and TBT. I still see a large run for these particular stocks, especially TBT. The bond market is extremely stretched out and is reaching it’s resistance peak. But could break down before reaching that point.
Let the market pullback naturally and keep in mind that the Big Boys from Wall Street are back to work this morning. Most of the buying, if any for today, will be on any panic news or bad economic data and/or after 3pm, toward the closing, especially at 3:45pm.
Happy Trading…
