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Energy Breakfast!

April 24, 2007 by 3 Comments

Quick Update:
Calpine (CPNLQ – my little pet project) was up another 15.03% yesterday to close at $3.75, setting another new 52-week high. My position is now up over 186% while the blog coverage is up over 286% since December 6, 2006 at $0.97.

042407_cpnlq_wkly.png

Can you believe that my top performer of 2007 is a stock that I would have never researched or bought if it wasn’t for a simple conversation? Tips are for suckers but I didn’t buy off of a tip; I bought after studying the charts and then the institutional numbers (listed below).

042407_cpnlq_daily.png

Institutional Holdings and Activity:
Money Market: 25
Mutual Funds: 10
Other: 1

Shares Bought last Period: 18,524,253
Shares Sold last Period: 520,641

Shares held Previous Period: 4,958,647

Value of Shares Bought last Period: $29,083,077
Value of Shares Sold last Period: $817,407

Current Value of Shares held last Period: $36,050,747

As you can see, someone is accumulating some major shares in Calpine.

Here are the top five holders:
Steelhead Partners LLC.
Eaton Vance Floating Rate Portfolio
Calpers (California Public Employees)
Emanuel E. Geduld
Lehman Brothers Holdings Inc.

Filed Under: Stocks

Beautiful Maui

April 23, 2007 by 3 Comments

The latest batch of pictures is from the second portion of our trip in Maui. We took 481 digital pictures in all plus underwater pictures and a couple hours of video while in Hawaii. I tried to pick five images that would look nice on the blog (it was very difficult to choose).

The first two images are from a beach in Kaanapali, just north of Lahaina during sunset.

beach_tree.jpg

beach_kiss.jpg

[Read more…]

Filed Under: Misc.

The Disciplined Vacationer, I mean Trader

April 22, 2007 by 2 Comments

Well, I am back from Hawaii and somewhat refreshed after the nightmare flight(s) yesterday. This is how my day went: Maui to Oahu to Austin to Houston to Newark (17.5 real hours and 23.5 clock hours). Austin was not on the schedule but poor weather in Houston made the plane turn around and sit on a runway in Austin, Texas for several hours. I prefer the direct flight we took from NJ to Hawaii two weeks ago.

042007_chris_reading.jpg

I must ask myself: Why do I live in New Jersey? As a citizen of the United States, I could decide to move to Hawaii tomorrow so what is stopping me? We’ll see what happens.

The picture below was taken during our last afternoon at the pool in Maui; so what was I reading? I was actually reading The Disciplined Trader: Developing Winning Attitudes by Mark Douglas for the first time. I have never read a book by Douglas but I love this one and I am looking forward to reading his next book. I recommend his first book as I am about 90% complete.

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I will look to upload some pictures from Maui as they are better than the ones from Oahu (in my opinion). I will also start to get back in sync with the market but it will take some time. Checking my screens, I can see that EDU, JSDA, ZUMZ, COGO, SHLD, CBEY and JLL have all performed well while I was gone.

It’s good to be back – I have so much to catch up on but I am actually looking forward to the market.

Filed Under: Books

Aloha from Oahu

April 14, 2007 by 16 Comments

The pictures below are from the first portion of our trip in Oahu.

We stayed in Waikiki but took several day trips on the island:
Pearl Harbor
North Shore
Diamond Head
Rain Forest
Etc…

Enjoy the pictures!

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041407_hawaii_beach.jpg

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Filed Under: Misc.

Calpine on Fire (CPNLQ)

April 14, 2007 by 5 Comments

This will be quick but I swear that I have not looked at a stock quote in five days. I opened my account (now in Maui – flew in from Oahu last night) and saw that my Calpine shares are now up slightly more than 150%. Yes, 150%! I couldn’t believe that it moved from $2.20 to $3.20 since I left for Hawaii on Tuesday. Closed at $3.26 on Friday.

041407_cpnlq_weekly.png

I knew someone was accumulating shares. If I take profits now, half my trip is paid but I am going to stay on for the ride. We’ll see if it continues.

I called for the stock to move from $1 ($0.97 in December) to $4-$6 based on a discussion with my hedge fund buddy (he gets most of the credit here). I would have never looked at Calpine if it weren’t for him. But I will take credit for buying after studying the price and volume action and determining that the story was telling us to jump in for an upward trend.

041407_cpnlq_daily.png

My former Calpine Blog Entries:

Filed Under: Stocks
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