Swatch: stop-loss

I place a stop-loss for Swatch (UHRN) at CHF 50.85, which is 10% below my purchase price.

Bought Swatch

Swatch (UHRN) gave a buy signal on the trendline on Wednesday and I bought it this morning at CHF 56.50. I should really have bought it yesterday at the open but missed it.

News were out today about the 18% sales growth in 2007.

SILC: sell limit

The price of Silicom (SILC) does not seem to go anywhere fast but I now place a sell order with a limit of USD 15.50

Bought Novartis

The Novartis (NOVN) put got exercised, which means that I bought the stock at CHF 65.00

Novartis put expired

The naked put on Novartis (NOVN) 65/DEC expired today.

Staying in cash

Although I have kept watching certain stocks such as Holcim (HOLN) and Swsatch (UHRN) I did not buy them when the buy signals came on the charts, preferring to stay in cash instead through the end of the year.

Analysing Holcim

I see a resistance for Holcim (HOLN) at CHF 117.60, the low on 17 August 2007. Will it hold?

Bought Google

Three minutes after the open I changed the limit for my buy order for Google (GOOG) to USD 670 and this order got executed shortly afterwards.

Buy order for Google

I now regret not having bought Google (GOOG) at the open yesterday. Having read more good things about Google I expect its price to go to USD 800 before long, and I now place an order to buy GOOG tomorrow with a limit of USD 660. I plan to watch it at the open and change the order to market, if necessary.

Analysing Google

I'm not sure how far I can trust the buy signal for Google (GOOG) on the trendline. Stochastic has not yet confirmed it, and with the upcoming Thanksgiving holiday I decide to wait.

An alternative I considered was a naked put 620/DEC but I don't want to take this risk.

Bought Silicom

My buy order for Silicom (SILC) got executed at USD 13.96

Buy order for Silicom

The trendline gave a buy signal for Silicom (SILC) on Tuesday and stochastic confirmed it. I now place and order to buy SILC at market at the open on 15 November.

Sold Google

My sell order for Google (GOOG) gets executed at the open at USD 673.22, with a gain of 29.9% in 112 days.

Google in pre-market trading

Half an hour before Nasdaq opens, Google (GOOG) is trading down in Zurich and Frankfurt. Also at the Nasdaq, the price is down during the extended hours before the open. Therefore, I let my order to sell at market stand.

At any rate, the Nasdaq pre-open trading does not seem to give a clear indication of the price trend to follow after the open.

Analysing Google

I finally found a news report that might explain why the price of Google (GOOG) dropped sharply yesterday. It is an article in PC World datelined Thursday, November 08, 2007 12:00 PM PST. I never know whether 12 pm is noon or midnight but assume it is noon.

"After a frenzied build-up, Google, as you probably know by now, did not announce the gPhone. Instead, the company announced there might be a gPhone in your future. The announcement was heavy on future potential and light on current reality.

The basic announcement was quite simple: Google announced that the Open Handset Alliance (OHA) has been formed to create open source, Linux-based software for mobile phones and other mobile devices. With Google's clout, this effort may fare better than previous efforts along the same line, but we will not know for a while."

However, this is old news and I fail to understand why it should have affected the stock price only yesterday.

Sell order for Google

After today’s close at USD 693.84, I placed an order to sell Google (GOOG) at market at the open tomorrow.

I’ll see how it does tomorrow on the European exchanges and if the price is up I may change or cancel my sell order.

Google today

It is four hours after the market opened and I suddenly realise that I had forgotten to place the stop-loss order for Google (GOOG). Soon after the open the price fell below my intended stop of USD 695.00 but has begun to recover half an hour ago and is now at USD 692.37. I have now quickly set a stop at USD 680.00

Strictly speaking, I should sell only towards the close if it looks like it will close below USD 695.00

Analising Silicom

The trend line gave a buy signal two days ago but I do not trust it. After breaking through the resistance at USD 17.00 it may want to test the next restistance at USD 12.10. Worth watching, at any rate.

Stop-loss for Google

The time has come to give Google (GOOG) a stop-loss, and I place it at USD 695.00 today. If the rally continues – and I think it will – I may change it to a trailing stop later on.

Analysing Holcim

It looks like I sold Holcim (HOLN) two soon last week. It is a tough stock for technical analysis. I now added the zig-zag line to the chart but shall have see to how useful it can be.

As it stands now, I shall wait for a new bottom before considering buying it a gain, and I can perhaps use relative strength (RSI) and momentum to to confirm signals on the trendline.