Bulls Battle Bears

oh man oh man! haha…its usually an okay time investing a few hours a day while doing other things, but today was one of those harvest days. There was a 6:1 ratio on the market today on winners to losers. Everyone that bought today probably walked away a winner.

Today has been great and after-hours its only getting better!

Here is the summary for Wednesday:

With Tuesday’s fallout, it was really an ugly day for many that sold their positions. Well today when I got up the futures were flat but as various news articles coming out on senate appointments, earnings reports, and other better sentiment, the recipe for rally was perfect.

My picks for today:

(AAPL) – With earnings set for 4pm on Wednesday, I got into this stock aware about how Apple usually under estimates its guidance and then blows it out of the water. It did the exact same thing last quarter and I was hoping for this. As the price spiked up before falling back, I put in an order for 125 shares at $79.87, right now its already at $90.87 as I write this thanks to STELLAR earnings. Amazing job once again Apple. I love this stock today haha.

Total profit on this stock is not applicable as have not sold yet. I want to hold to $100/share but that is greed talking. $92 is fine with me.

Another stock today was (BAC), this thing has been torn to shreds for the past 5 sessions, yesterday it was down about 30% and today, it rallied 30%! There had to be a rally either today or tomorrow with margin calls coming in for those that borrowed to play this stock. So I wanted to get in early on this stock but it really spiked, I waited for a pull back and picked out the price of $5.48 to purchase 1000 shares. A short time later, it was announced that the CEO of Bank of America boat a personal chunk of common shares at market value of around $6. This stock stop up from that moment and hit $6.88 before falling back a bit. I managed to sell at $6.75.

Total profit (BAC) = $1270

Another quick rally came out of another bank stock that I got into, almost all bank stocks were winners today, (C) was creeping upwards all day and I only got in towards the late day after Bank of America really started to run up. My price for (C) was $3.25/share for which I got 500 shares and immediately sold at $3.55.

Total profit (C) = $150

My position in (MO) and (GE) both fell further today. I am not too worried at this moment as both have sound recovery in the long term. If (GE) falls again tomorrow, I will get out at a loss and wait for a bottom to hit before riding up. There is no reason to let this investment sink lower before any slow rally back to my initial levels come.

Another investment for today was with (JPM) which again rallied with the rest of the bank stocks, I got in at a limit order price of 19.50 for 100 shares from which point the stock did fall for a while, however as the market rallied, so did this stock. I sold early for $21.22 which is low compared to the final closing price.

Total profit on (JPM) = $172

These are the top searched stocks on the net, most were big movers today also!
In summary for Wednesday my total profit was $1592

This is turning out to be a stellar week with over a grand being made yesterday and today. What job can offer this and still give me more time to do other things in life? I have no special magic to make money, just followed the news, tickers, and bought and sold.

For tomorrow, I hope the financial stocks can fall back. Some people are calling this rally pre-mature and I hope that stocks like (BAC) were up too much too fast and will correct themselves before the next big rally. If the opportunities arise, I will get into these stocks again. Oil stocks were up today like I said yesterday and hopefully they can offer some upside also.

Anyways, hope you all see some openings tomorrow on some battered stocks. Don’t buy at the open on hype. Look how my picks today all jumped really fast before pulling back. Yes, the pull back is not always back to the ground, but it does establish a level from which you can work upwards.

Happy Investing!

Aman, MBA