Wednesday, October 4, 2006

Zacks Performance Tracking Halt

I've been tracking the "bull of the day" picks at www.zacks.com for 6+ months and 150 stocks, and I consider the current pool of 150 picks to be enough of a database to work on.
Therefore I am halting the long and time consuming process of collecting data on the picks and will only continue to upgrade the +1week, +1month, +3months and +6 months columns of the spreadsheet until everyone of the 150 stocks has data for 6 months (the time frame given by Zacks to reach the price objective)

So far it's been fairly average, with a handful of great picks, some miserable ones and a bunch of average (read performing like the index), but some of their analysts are sticking out.

I'll crunch some numbers and post the file soon, but I'm skeptical that following the advices of professionals yield wowing results. If you do your homework you should be able to beat the index by yourself and should not need someone to tell you what to buy.

Sunday, October 1, 2006

Sold some ERTS @ $55.65, looking for Jun calls elsewhere

Electronic Arts (ERTS)

I lightened up on ERTS today, sold 1/3 of my position to get some money off the table and off that sideway trading stock.

SOLD ERTS @ $55.65

I'm losing around 5% on that trade, but I just don't like ERTS that much anymore.
On the other hand the videogame market is about to boom and I don't want to miss the train, so I'm keeping some until I find out a better play or I fall back in love with the stock.

Besides, I'm looking to buy several June Calls for a couple of stocks, I do want to trade options that I expect to exercise, so I'm looking for comapnies with a sound base.

In my shortlist : GOOG, PCU, CKCM, ENG, SPIL, MRVL (down 7% today but it should be back in the spring) or maybe my left apart from the Xmas buying spree CRM, PRAA, ADEX, JOYG