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RIMM is my Pick

February 22, 2008 by 4 Comments

I choose Research in Motion Ltd. (RIMM) as my stock for the ibankcoin.com 2008 March Madness stock tournament after reading about it on Rajin’ Cajun’s blog (formerly known as Madstocks blog). It’s all in good fun as I typically avoid contests because they make me do things I might not do otherwise (like trade and root for a stock based on a pick rather than reality).

I picked RIMM for several reasons:

  • I don’t own shares at this time so I can be objective
  • Q4 ends on March 1, 2008 with a reporting date of April 2, 2008 (spans contest)
  • The chart is currently bullish (daily and weekly)

We’ll see how I do. A blow out earnings date that hits the wire early gives me great odds and the market is always about odds (I looked at this competition from a poker player’s perspective rather than a pure investor/ trader). The odds are strong for good news prior to the official earnings release in April.

I thought about going short, with several stocks in mind, including Chipotle Mexican grill (CMG) but figured I historically do better with long positions. The market in general will be a huge influence during the contest. A down market will severely hurt my chances to win.

Recent Posts with RIMM highlighted:

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Filed Under: Blogs, Misc., Stocks

The Blog is Hot

February 2, 2008 by 7 Comments

Chrisperruna.com may be hitting a tipping point here in early 2008 as the statistics blew away the slow holiday month of December. They even crushed my best month of November by a wide margin. The best part is that I didn’t have any special links that boosted my traffic in one particular day. I did have links throughout the month from several of the higher traffic blogs such as TraderMike, Traderfeed, The Big Picture and the Wall Street Journal Online (and many others) but my daily traffic was steady throughout the month on days without links.

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This tells me that people are really enjoying my work with confirmation by the dozens of positive statements in my comments (bottom of each blog entry).

I want to thank you all for taking the time out of your very busy schedules to visit my small education and equity research blog – I love what I do here, it’s a passion of mine!

My feedburner subscriptions are increasing but I don’t think many of you know that my blog posts can be sent to you via e-mail updates or through your favorite home page readers such as Google and Yahoo (among others).

Click the large icons below and sign up for FREE to get my daily blog posts in your e-mail and/or favorite reader:

Page views and visits were up by more than 66% and 53% respectively for the best month ever. Thank you again – I really do appreciate every single reader of this blog and especially readers that leave their excellent comments!

My goal is to become one of the best stock market blogs offering quality and unbiased equity research along with the education to help you succeed. We are well on our way to 100,000 page views per month (with an ultimate goal of 1 million per month) and I owe it all to the readers!

Filed Under: Blogs, Misc.

Focus on the Decisions!

February 1, 2008 by 1 Comment

Take the time to visit the blog article, The Key to Breaking Trading Slumps, by Dr. Brett Steenbarger as he expands on my recent post about Focus on Decisions, Not Outcomes

Dr. Steenbarger also suggests an idea that I think is wonderful for all bloggers and in particular, financial and stock bloggers.

I’m interested in using posts to initiate some cross-blog discussions of issues: sometimes to agree and elaborate, sometimes to respectfully disagree and offer alternatives. If you’re a financial blogger taking a reasoned stand on an issue or taking the time to elaborate a point of importance to traders, by all means send me your URL and I’ll do my best to include your work in a discussion post.

Here are a few words of expansion by Dr. Brett based on the advice I offer in my original post:

This advice is spot on. Performance anxiety occurs when we become so concerned with the outcome of a performance that our worries interfere with the process of performing. Who hasn’t had the experience of fretting over making a perfect entry, only to have the market make its move without you on board? Or seeing a market move away from your entry point and telling yourself you won’t “chase” the market, only to see it make the extended move you expected all along? Those are manifestations of performance anxiety.

Many new readers have started to visit chrisperruna.com over the past month so for those of you not familiar, Dr. Brett Steenbarger has a must read blog and a couple of trading books published by Wiley:

Author of The Psychology of Trading (Wiley, 2003) and Enhancing Trader Performance (Wiley, 2006) with an interest in using historical patterns in markets to find a trading edge. He is also interested in performance enhancement among traders, drawing upon research from expert performers in various fields.

Filed Under: Blogs, Education, Links, Psychology

Market Review and Links

January 29, 2008 by 2 Comments

I have an abundance of offline work that needs my attention so please enjoy the links below as they are of much value in the current market. Enjoy and see you tomorrow!

Filed Under: Blogs, General Market, Links

Friday Must Read Links 1-11-08

January 11, 2008 by 4 Comments

The NASDAQ ‘s 10-week moving average is currently below the 30-week moving average for the first time since September 2006. See chart below. Therefore, I decided to link to a few blog posts that talk about a possible bear or no-bear.

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Absolut Must Read Links for Friday, January 11, 2008:

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Filed Under: Blogs, Links
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