Friday, October 28, 2005

Emerging Markets - Update

Emerging market funds are trending down. I think it's mainly because of inflation fear in U.S and expected fed interest rate hikes. I still own emerging market fund. If it gets too ugly, I will get out. Otherwise I am going to be there.

Another update on BTU: I sold it for decent profit on Monday, it went upto $80+, today it came back $73 level. I think it's all due to day-traders. It's tempting to buy BTU at this level. But, I am not going to do it. I bought some DNA shares this week and closely watching GOOG.

Before you post your comments...

I welcome your comments, I really appreciate it. But, there are so many guys posting spam disguised as comment. I check my comments every day, I will simply remove all the spam; so don't waste any time posting spam.

Tuesday, October 25, 2005

BTU

I sold BTU for a nice profit. I still believe in this stock, but day traders make this stock so volatile. I am going to stay clear for now. Looking to enter Google at a fair price. Let us see how that would turn out... Keeping an eye on DNA also. If that close above 50-day average I will take some position.

Disclaimer: I write my opinions in this blog. Do not just follow what I am doing. Do your own research.

Friday, October 21, 2005

Google and Peapod Energy

Google went thru the roof with their surprise. Holding options during earnings announcement is a risky thing, in case of google that's a scary thing. I wonder how high Google would go. Someday this is going to stop, I don't know when. Someday Google would miss all the crazy expectations, I can guess what would happen then. When I was watching GOOG quote this morning in CNBC, JDSU quote was scrolling for $2+. JDSU was like google not long ago. I don't think Google is going to end up like JDSU. But, valuation of Google will be questioned when they miss the expectations. Disclaimer: I own Google shares, bought it last year.

BTU trade worked out nicely. OCT 75 call I wrote is not called out. I may just sell these shares on Monday.

Disclaimer: I just write my personal opinions. I am not a financial advisor. I may or may not own the stocks/options mentioned in this blog.

Wednesday, October 19, 2005

Google put

I got out of Google today. I bought back the puts at 2.75, I sold these at 5.5 two weeks ago. Google is going to announce earnings tomorrow, don't want to hold it during this time period. Anything could happen.

My BTU trade worked out well. After some turbulence yesterday, it's in Green now. I guess that my shares will be called out on Friday.

Tuesday, October 18, 2005

Inflation and BTU earnings

Wholesale prices for September went up by 1.9%. BTU missed earnings expectations by 1 cent. Looks like some nasty day ahead. My BTU shares and call contracts are still in green. Hopefully I could still make some decent profit. Keep you posted.

Sunday, October 16, 2005

Recent Trades

Just a quick note on my recent trades:

Two weeks ago, I sold OCT 300 put of GOOG for $5. At that time GOOG was trading at 315. I thought that it won't go below $300 before OCT expiration date. So much for that thought, GOOG is now $296, OCT 300 put shot up to $9.70. I am still ok, I like the stock -- if I am put, I will just keep it and sell calls later.

Last week, I bought BTU at $75.64, and sold OCT 75 call for $3.25. It's working out nicely. BTU is at $77.78; Call is $4.

Disclaimer: I write my opinions in this blog, it's not financial advice. Do your research before trading any stock or options.

Tuesday, October 11, 2005

Curing Diabetes in 90 days

There is a site http://www.diabetes-breakthroughs.com/ that claims that it could cure your diabetes without medicines in 90 days. You need to spend your hard-earned money to get their "e-book". Anyone remember snake-oil salesman? It's just so sad and cruel that some people prey on sick people to make money.

This site is run by a guy named Mark Anastasi. He is not a doctor, he is a salesman, check his site http://www.mark-anastasi.com/ to know more about him and his "medical skills". This guy also claims that he could cure AIDS just by selling his e-book. There has to be a law to regulate these kind of sites and frauds. I just wish that this guy gets Diabetes and "cure" the disease using his e-book.

Monday, October 10, 2005

Discount Brokers

I used to trade using Smith Barney in 1998. I remember paying $80 for stock trades, thank god for the internet, we can pay lot less for the same service. I am using Brown & Co., for past 6 years, I think they are the best. Although Brown is good for stock trades, they are not that good for option trades. For example, you can't place option stop loss order with Brown. I use OptionsXpress just for option trades. I have used Fidelity and Schwab in the past. Fidelity is also good, but you can't beat Brown & co. Schwab is the worst discount broker. Schwab's service is the worst and they charge high prices, I wonder why that company is still not bankrupt.

If you want to trade with the best discount brokers, Brown and OptionsXpress are the best choices. If you don't trade options, then Brown alone will do just fine. Recently, E-trade agreed to buy Brown. I just hope that E-trade don't mess up with Brown's price structure and service. If you sign up with optionsxpress, check out their tutorials and paper-trade tools.

Saturday, October 08, 2005

Digital Bhoomi

My friend runs this non-profit site http://www.digitalbhoomi.com. He asked me to review this site in this blog, so here goes...

I am really impressed with the design of this site. Simple, clean, crisp and neat. Even if the designer is not my friend, I still would have loved this site. This is basically a classifieds site, mainly jobs and real estate. There are postings in all categories -- from jobs to personals. I saw a posting from a lady in bangalore looking for one-night stand, where are you anti-kushboo crowd?!

There are so many classifieds sites like Sulekha in India. But all those sites are infested with spam and ads. There are no banner ads, pop-up/pop-down and all those crap in Digital Bhoomi. That's a welcome change. That alone is worth a look.

Monday, October 03, 2005

Emerging Markets

I work in Finance, I can scribble couple of things about Finance. You will find this useful only if you can invest in U.S. markets. Take these as basis for your research, don't buy these stocks or mutual funds just because it's mentioned in this column. Please do your due diligence. Usual Disclaimer: I may or may not own the stocks or mutual funds mentioned in this blog.

I love emerging markets. Emerging market mutual funds returned more than 60% in the last 52 weeks. No one knows whether this trend would continue. If U.S. interest rates keep rising, that would affect the returns from emerging markets. I like the following mutual funds, check these in Yahoo Finance.

TREMX
PRMSX
UMEMX
VEIEX
MEMEX
SSEMX