Warren Buffett, does he have some pull or what? He was on CNBC this morning and he moved the markets. He said some positive things about the economy and some positive things about Goldman Sachs and we were off and running all day. He said the economy was strengthening faster then he originally thought. He also said he felt Goldman did nothing wrong and Lloyd Blankfein (Goldman's CEO) was doing a great job. The Dow ended up 143 points and it is a good start to the week, maybe it can continue. We will see tomorrow! A few of my stocks have been hurting with a few down days last week. Even with an up day some of my stocks went down. Not to worry. This is why it is important to be in quality companies. Today SNDK up $3.48, U.S. Steel started off down $2 but ended up a little. I really like the way U.S. Steel looks on the candlestick chart. It looks like it hammered out a bottom. Lets watch it for the rest of the week, I own 2000 shares. Also AK Steel showed some improvement today. Lets watch this one also. In my last post I spoke about selling a naked call on PUDA. I ended up buying it on Friday with my "buy stop order". If the stock went down I would have continued in the naked position but the stock went up and my buy order went into effect. I got in at 9.95 and today it hit 10.30. If PUDA stays above $10 until expiration I have the stock to deliver.....Come on Warren, give us some more positive comments in the morning.
The Coach
Welcome to the “Main Street beats Wall Street”. This blog is for the stock investor/trader with experience in trading options. It can also be helpful for the ones with no experience with options who want to learn how options can be used to pursue your trading goals. As time goes on “Main Street beats Wall Street” will be giving many lessons from “Getting started” to you making your first trade. I also have an e-mail for any questions you might have from a lesson or a trade I posted,coachsjc@gmail.com. On “Main Street beats Wall Street”, I (the Coach) will post every trade I make. In recent years I've had years with over 400 trades. I will not post last years or last month’s trades, or hypothetical trades. ONLY REAL TRADES! I will post a trade when I get into a position and I will post the trade when I get out of that position. Along with my trade I will post my “RISK FACTOR”. The risk of my trade will be rated from 1 to 5, 1 being a low risk trade and 5 being a high risk trade. You will see if I get out making money or get out losing money. No Hoopla. “Main Street beats Wall Street” will show you how the people who live on Main Street throughout this country can be as good as the people who work on Wall Street. This blog is totally free, I am not selling books or tapes. I am only having fun and staying involved in something I love, the stock market. I make my money buying and selling stocks and options. If you put in a little time you too can make money; enough money to change your life forever.
T
