Sunday, December 25, 2005

Thanksgiving day shopping -- Update

My CTSH shopping (?!) worked out just fine. I sold the shares at 52. Still holding BRCM. It's kind of just flat, thinking of writing covered call. I bought CMED, CTSH and BRCM on thanksgiving day. Both CMED and CTSH are sold for profit. Time will tell whether BRCM is going to give me a profit or loss.

Friday, December 23, 2005

Samachar

I used to read Samachar.com to get news related to India. Now, these guys put spyware in your PC everytime you visit that site. Disgusting.. Can't they make enough money already with all the ads scattered all over the page?! Anyway, solution to this nuisance is:

http://inwww.rediff.com/newshound/

This site from rediff is good. I think they use AJAX (or whatever it's called!) technology, visit them once, you may like it.

New Home Sales

Sales of new homes plunged in November by the largest amount in nearly 12 years! It's another evidence that the red hot housing market over the last five years is starting to cool down. New single-family homes were sold at a seasonally adjusted annual rate of 1.245 million units last month, a drop of 11.3 percent from October, when sales had surged to an all-time high.

If you are looking for a house, wait for some more time. I think that the prices are going to go down. It may not go down dramatically. You won't get a 750k house inCA for 450k. However I think that 750k house may go down to 600+. Even then I won't pay 600k for a 3BR house in Fremont. It's really annoying to see the price tag of these houses.

Sunday, December 18, 2005

Apple, Google and AOL

Apple Dec $55/$50 Bull put spread worked out good. Apple closed at $71+.

Google jumped $8 because Google is close to completing deal with AOL. Microsoft lost this deal. It's funny to see how so many companies are trying to buy stake in AOL.

First of all, AOL is the worst ISP. Recently my cable internet provider screwed up, so I popped in the 90-day trial AOL CD and signed up for it. I used AOL for past two weeks. I don't see why so many people subscribed to this stupid service. AOL software ate up my PC's memory and slowed down the entire system. AOL threw in so many ads that I lost interest in surfing. I can write on and on about AOL. In short, AOL doesn't deserve all the attention it gets.

Saturday, December 10, 2005

Attractive Mutual Funds

I find the following mutual funds attractive.

Bjurman, Barry Micro-Cap Growth (BMCFX)
Royce Low-Priced Stock Inv (RYLPX)
Julius Baer International Equity A (BJBIX)

If your 401k offer these funds, it's a wise idea to invest in these funds. Even otherwise, it's still a smart idea to invest in taxable accounts. It'a always better to diversify your investments. BJBIX is a good place to invest in european markets.

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

Friday, December 09, 2005

Update as of Dec 9, 2005

I bought Apple shares @ 73.80 and sold Dec $75 covered calls for $1.05. Either these options will be called out or I will get to keep the premium. I am ok either way.

MVCO broke out of cup and handle. Too bad, I just closed my trade few days ago! I am not going to get back in, I have money tied up in other trades.

CTSH and BRCM trades are doing ok. Mr. Google is up and running, just keep the momentum going until I buy back the puts!

Tuesday, December 06, 2005

Trades update

I sold CMED at 37 (bought at 34.44) and MVCO at 11.50 (bought at 11.10).

Still keeping CTSH and BRCM. They are going to red and black on and off.

AAPL Dec $55/$50 bull put spread is doing ok.

Google is giving me little headache. I think lot of insiders are selling the stock.

I will post more updates by friday.