Better Than Expected

Everyone wants the market to continue rallying. So we are having all these “better than expected” corporate earnings when the expectation is being lowered in order not to “disrupt” the rally.

Alexon had its earning reported on 22nd April and sounded confident at the time: "New high fashion lines have been well received by customers and the fashion press and a revitalised image has been designed for Bay Trading reflecting its more fashionable proposition".

The Bay Trading fashion chain went into administration 48 hours later right after Alexon’s stock price went up 55% on Friday.

Watch out folks!

Bid Size

AMZN shoot up but with bid size mainly 100, 200. Well, does that tell us something.

AMZN vs AAPL

This is the 45th day since the rally started. 49th will be the magic number.

Was shorting AMZN but it’s price has been outperforming the market since Citi upgraded it to “Buy”. Trading volume is below average and I’m holding it out. There seems to be a great deal of manipulation of the stock.

AAPL at $124 is trading at a P/E around 24. AMZN at $81 is trading at a P/E over 55. What gives? I don’t believe Kindle will be a more profitable product than iPod. And I don’t see Amazon download will outperform iTune, particularly the variable pricing recently adopted by both company will squeeze Amazon’s margin while improving iTune’s. Will the potential increase in market share as a result of price reduction offset the deteriorating margin?

AAPL is bound to fall substantially.

Ending Balance: €175,027

Oil Pulling

This was on the today's Gerry Ryan. Did a couple of search on the internet - worth a try?!

Got the AMZN right but could have waited a little longer to double the profit. Was not in the mood to trade, doing some gardening instead.

Ending Balance: €200,699

48 Hr Spades

Took a short break after the loss. Playing 48 hr spades, non-stop, just to clear my head.

Amazon is moving in the right direction, finally.

Ending Bal: €219,542

£ was Costly

Lost half of my a/c shorting £. Lesson learned, I hope.

Going into reporting season shorting Amazon.

Ending Balance: €219,241