mymeohmoneyblog

just traded out of JAVA, aka SUNW, at limit5.55. figured market'd go up today, the first day after labor day; i guess java's got some beta in line with the market. Appx 15%gain on this for the port.

Previous Post on JAVA/SUNW >> from Aug.13th ("First Trades..."): "SUNW (i dunno why - i just see it slightly under 5 and figure maybe it's got some support there, maybe sell out 5.30ish +/- .15, off highs, vista symbiosis numbers by christmas?) "

I see it also just happens to be up to its 200d m.a. at 5.57 according to the Mrktcy quote.
Its tuesday and i just felt like doing something. Perhaps coulda 'let it run'.

Making this post short here, gotta run off to class soon.

Java's 3-5 year chart is rising. Good push through 5 and upto 6 1/2 earlier in the year. The fallback to under 5 made it almost inevidable this would rise again. Sittin right on the cusp of the mid 5 to mid 6 psych range, which also incidentally happens/ed to be where the "200d m.a" is (i personally dont pay attn to 'moving averages' - but just mentioning it for those of you who do since i noticed it when i entered my trade). The midterm charts on it show its at its most recent peak level around the 5 1/2 level. I could see this going either way, back down to 5ish or up to 6 ish.

Wouldnt hesitate to get back in it for fall/winter upswing if it pulled back. One day shoot-up on intraday chart, but 5d/10d shows a nice upswing not fully exponential yet, so could go either way. not too keen on the uncertainty and content to take the profit.

would be an interesting stock to do a 'trailing buy' or whatever you'd call it, - limit order i guess. Nevermind - what i mean is, although i subscribe to the simplest, most elemental theory of 'buy low sell high', this is a stock i'd consider buying again close to 6, for an upshoot play on margin swellers. i.o.w. some brokers only allow full margin on 6$+ stocks, does yours'n? p.r.s.v.p.

Looks like there's continual decent news on the stock. fairly healthy - some debt but not too much, coupla bucks in bv, vascillating ea's last few years' quarters but another dime up quarter might solidify the/an upmove?

while im not confident which way the stock will trade now, i am confident in taking profits. one might be tempted to call this a trade, i.e exploiting a technical analysis, however there is a certain degree of 'investment' behind it. I am actually a very patient investor, moreso than a trader. You will tend to notice that almost all my positions are sold out at a profit. I'd guess that over the long haul one would likely see 70/80/90/+ percent of my sells done for atleast some gain.

as a conservative investor, i realize that traditionally a 15%gain is going to beat cash, 'interest rates" i.e 4/5/6/7/8 % etc..., + inflation, and sometimes 'the market' as well. while a stock, in this case java, could run (not extraordinarily likely given market volatility), i realize i should be content to take a 15% gain in one month, let alone one year. i can always sell out and buy something elsenext to patiently wait 6 months for it to go up. i'd say about 6 months is close to my limit for waiting on a stock to take a loss.

kinda wish i had my ops accnt funded. the premos on both the Ps and Cs on this for the near term mo's are pretty small. 4cents for a 5 put i think, almost even money for a 6 put, calls i forget... au revoir......

Comments: View Comments |  Tuesday September 4, 2007  |  Stocks: JAVA,