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FOR END OF BUSINESS DAY OF 07 JAN 2004
TABLE OF CONTENTS
SECTION I: STOCKS
SECTION II: COMMODITIES
--------------------------------
SECTION I: STOCKS
1) STOCK NEWS *****
It's been more than a week since my last letter. I've made a couple of
trades during the holidays but didn't send out any news. Now the holidays
are over I'll have more time to write.
Stay tuned, in a few weeks I'll be announcing my 2003 results. Off the top
of my head I suspect my year end results are high above the 100% gain mark,
possibly even as high as 175%.
But I'll have to put in several hours of work to figure it out. After all I
did make an enormous amount of trades.
I'll be changing brokerage firms soon. The new one has many features my old
one does not. Such as having an SMA with a margin account, check writing
privilage with ATM card. I'm just going gaga over their services. I hope
they hold up to my standards.
I trade almost everything on margin and margin fees are very important to
me. Here is the link to Ameritrade margin rates
http://www.ameritrade.com/services/index.html?startpage=rates_fees.fhtml
Now take a look at the margin rates of my new brokerage firm.
http://www.investrade.com/margin_rates.asp
http://www.investrade.com/fees_commissions.htm
http://www.investrade.com/cash_management.htm
They even have email confirmations.
Please note I do not nor have I ever used ameritrade.
20% of investors have margin accounts and 80% have cash only accounts. If
you want to make money I strongly suggest getting a margin account.
Another one of my reccamendations would be http://www.choicetrade.com
choice trade is 4.7% interest regardless of balance amount.
If the market keeps going up for January we would then have a January
Effect. The January Effect is an idicator used by investors to gage the rest
of the year. If on 31 January the Dow is up so is the rest of the year.
Ever since the year the Dow Jones has been measuring the markets ANY year
that ends with a 5 ie. 1915, 1975, 2005, 1965 is an up year for the Dow
Jones.
What is SMA?
Per the Federal Reserve's Regulation T, a special memorandum account (SMA)
may be maintained in conjunction with a margin account. SMA is a separate
memo balance maintained by many brokers. If at the close of a trading day
the equity in your account exceeds 50% (the Regulation T initial margin
requirement) then you have a so-ed "Reg T Excess" in your account, and
SMA is created for that amount. Once SMA is created, it remains until it is
used for a purchase (or short sale) or is withdrawn from the account. This
means that even if your margin account falls below the 50% level due to
market depreciation, your SMA balance will remain unchanged and is preserved
and can be used to withdraw cash or to increase buying power up to the house
excess (available cash above our minimum maintenance level) amount in your
account.
How is buying power calculated?
Buying power is the amount available to purchase or short sell stocks
without depositing additional funds. Buying power is calculated by taking
the lower of your SMA or house excess (available cash for withdrawal from
your account) and dividing it by .50. Buying power is based on the type of
security a customer wishes to purchase. Since requirements differ, your
broker calculates buying power using a standard initial margin requirements
of 50% for marginable stocks, which includes open buy orders. Buying power
should not be used for non-marginable stocks or stocks with initial or
maintenance requirements higher then 50%, otherwise a margin could be
realized for the deficiency. For example, if you have $10,000 in available
cash, the buying power in your account is $20,000 and you can purchase
$20,000 of marginable stock with a 50% requirement. If you were to purchase
a non-marginable stock with a 100% requirement you could only purchase stock
worth $10,000 ($10,000 available cash divided by 1). If you were to purchase
a marginable stock with a 60% requirement you could only purchase for
$16,667 ($10,000 available cash divided by .60). Please also note that you
may incur an immediate margin depending upon the equity in your account
if you short sell a stock where your brokers $5.00 per share maintenance
requirement is greater then the initial 50% requirement. For example, if you
sold short 100 shares of a stock at $8.00 per share, the initial margin
requirement would be 50% of $8,000 or $4,000. However, the maintenance
requirement for this short position is $5,000. If your account does not
maintain sufficient equity to cover this greater requirement, you will
receive a margin maintenance .
For those who fully understand SMA and how it works.... When your stocks go
up and you have an SMA (extra usable cash) make a withdrawl and go out and
buy a house. Why not? The interest is only 2 or 3% and there is NO time
limit when you have to pay it back. And in fact if your stocks keep going up
you don't EVER have to ever pay it back by means of adding new cash deposits
in your account because your stocks and SMA will cover it because they have
increaded in value.
2) STOCK Apis Bull Stock and Commodity Trading Education *****
a) I have an order to buy RFMI 11.75 STOP GTC
reason I picked this stock is for, but not limited to:
it made a new 52 week high on high volume;
It' trading above the 50 DMA line;
it's trading above 200 DMA line;
it's earning for the past 2 years is growing;
it's sales for the past 2 years has been growing.
3) WHAT I HAVE UP FOR SALE *****
4) MY CURRENT POSITIONS *****
TICKER DATE BOT PRICE BOT CURRENT PRICE % GAIN/LOSS
EENC 22 OCT 03 9.90 10.50 6.060
HEW 07 NOV 03 29.12 31.55 8.344
WRLD 24 NOV 03 19.68 23.00 16.869
HIBB 24 NOV 03 29.72 31.00 4.306
CVNS 02 JAN 04 11.39 11.52 1.141
IMOS 02 JAN 04 9.48 12.71 34.071
NANX 05 JAN 04 9.876 10.48 6.115
RCKY 07 JAN 04 26.10 27.00 3.448
5) MY TRADING HISTORY *****
TICKER DATE BOT PRICE BOT DATE SOLD PRICE SOLD % GAIN/LOSS
CRAY 18 DEC 03 9.16 02 JAN 04 10.00 9.170
IPSU 20 AUG 03 9.20 17 DEC 03 14.11 53.369
BEL 15 DEC 03 20.50 17 DEC 03 19.20 (6.341)
NPGS 18 NOV 03 9.30 16 DEC 03 7.87 (15.376)
RDWR 25 NOV 03 24.621 12 DEC 03 27.561 11.941
RCKY 5 DEC 03 18.65 12 DEC 03 24.00 28.686
VSAT 10 NOV 03 23.20 9 DEC 03 19.901 (14.219)
MED 24 NOV 03 15.90 8 DEC 03 14.68 (7.672)
LSCP 25 NOV 03 15.34 4 DEC 03 16.10 4.954
CC 11 NOV 03 11.77 4 DEC 03 11.25 (4.418)
KFX 18 NOV 03 7.65 24 NOV 03 6.41 (16.209)
XLA 11 NOV 03 2.43 12 NOV 03 3.47 42.798
CNXS 17 OCT 03 12.78 20 OCT 03 11.60 (9.233)
WINS 08 OCT 03 13.24 20 OCT 03 13.97 5.513
CGFW 02 OCT 03 10.80 20 OCT 03 11.15 3.240
CAPA 01 OCT 03 5.69 17 OCT 03 6.90 21.265
PPBI 15 OCT 03 8.18 16 OCT 03 9.00 10.024
WFII 14 OCT 03 15.80 15 OCT 03 16.21 2.594
RHAT 24 SEP 03 10.15 14 OCT 03 13.21 30.147
DCTM JAN 04 25
10 OCT 03 1.70 14 OCT 03 4.40 158.823
DCTM 06 OCT 03 23.34 14 OCT 03 28.40 21.679
NICE 08 OCT 03 21.17 09 OCT 03 19.50 (7.888)
FLSH 03 OCT 03 18.37 06 OCT 03 20.40 11.050
RWAV 02 OCT 03 4.61 03 OCT 03 4.8099 4.336
ABTL 20 AUG 03 7.189 02 SEP 03 8.60 19.627
BFUN 16 SEP 03 1.29 17 SEP 03 1.50 16.279
IFLO 11 SEP 03 10.09 19 SEP 03 11.25 11.496
MANT 16 SEP 03 25.67 19 SEP 03 27.88 8.609
OPLK 29 SEP 03 2.59 30 SEP 03 2.64 1.930
CAND 29 SEP 03 2.35 30 SEP 03 2.45 4.255
----------------------------------------------
SECTION II: COMMODITIES *****
1) COMMODITY NEWS *****
No news
2) COMMODITY Apis Bull Stock and Commodity Trading Education *****
I'm waitng for Soybean Oil to start going down. I think this will happen in
the next few weeks.
3) WHAT I HAVE UP FOR SALE *****
a) I have an order to sell MAY04 CORN 230 PUT @10 STOP to close my position.
4) MY CURRENT POSITIONS *****
COMMODITY DATE BOT CONTRACT OPTION PRICE BOT PRICE NOW % CHANGE
CORN 19 NOV 03 MAY 04 230 PUT 7 3^7 (44.642)
Corn quotes are in 1/8th's.
Here's the math (3*50) + (7/8*50) = $193.75
My mail program won't allow me have more columns to give you more details on
the matter. So I will tell you the corn option cost $350. If the price moves
to 8 then I made a $50 profit ($50 per point) and can sell it for $400. That
means I made 14.285% gain. I'm hoping it will go to 10 with in the next few
weeks. If sold at 10 it's value
would be $500 a $150 profit a 42.857% gain. I have a Put option meaning I
want the corn futures to go down in price. If I wanted the price of corn to
go up I would have bought a option instead of a Put option.
------------------------------------------------------
I don't list all the reasons I place orders to buy or sell. If I did I would
be writing a long time. If you'll notice I tend to repeat myself for the
reasons I'm buying, this should tell you these criterias are very important
to me, although I don't use them solely.
This email news letter is free. Tell your friends to send me an email if
they want to sign up.
This news letter is sent out 1-5 times a week depending on my trading
activities and news.
I never tell people what to do. I only tell people what I am doing. If you
do what I do because I am doing it then you place yourself at risk. I am not
responsible for your gains, losses, other monetary results or actions. I am
not a licensed broker or money manager.
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Free Custom Stock Charts and Quotes. Custom stock chartsing, custom bar charts commodity charts stock quotes, free custom bar charts, free custom stock charts. A free stock charts free stock quotes, commodity, options custom charting service. Stock charts custom stock charts commodity charts futures charts. Stock charts candlestick charts custom charts commodity charts futures charts futures trading charts options.