Phlanders Does Wall Street

All is Not Quiet on the (Arch) Coal Front

noreply@blogger.com (Ed Phlanders) — Thu, 02 May 2013 17:45:00 +0000

As I said, I'm bullish on ACI. Watching trench warfare right now as it holds the line at $4.88. Also watching $4.93 and, if it can gain ground on a $5 handle, looking for it to push through the highs of the day with gusto.

Go Big or Go Home

noreply@blogger.com (Ed Phlanders) — Fri, 26 Apr 2013 20:24:00 +0000

Infused capital and built large bullish position in ACI today. Based on 'original formula' technical analysis that has been so good to me in past. One billion market cap representing approximately 1/6 of the US coal market. Too cheap to be ignored by value investors for much longer.

Thanks for Nothing

noreply@blogger.com (Ed Phlanders) — Fri, 26 Apr 2013 14:04:00 +0000

Sold virtually worthless UNP calls at market. In hindsight, should've bought the TGT $70 calls a few days ago. Live and learn. Back on the saddle.

Blue & Lonesome... and I'm Not Talking About Bluegrass

noreply@blogger.com (Ed Phlanders) — Fri, 26 Apr 2013 00:41:00 +0000

UNP made some gains today to put my meager position up 60% or so. At that moment, I reminded myself I am a middle-man. The next moment I rechecked my trusty charts and got greedy. Naturally, all of the gains were sharply given back - and then some, seeing as the calls expire tomorrow - with the broader market sell-off. Here's to some healthy numbers pre-market tomorrow. Just one long (open) candle is all I ask. Technicals suggest it's possile. Here's to fudging the numbers!

Lets try this again, shall we

noreply@blogger.com (Ed Phlanders) — Thu, 25 Apr 2013 03:46:00 +0000

It's been 9 months since I last posted. System needs to be dusted off. I was right on HNZ... just a bit early. Getting anxious. Been at this for several years. Half heartedly more recently due to my work load. Right now swinging for fences. Using (close to) original formula. Throw me a frwakin' bone already! Have UNP 150 calls expiring Friday...

Zulu Hour

noreply@blogger.com (Ed Phlanders) — Fri, 17 Aug 2012 12:34:00 +0000

Today is it. Busted. My wife asked what happened to the system. Nothing happened to the system. I didn't follow the rules. Instead of in the money calls on an undervalued equity, I went with out of the money calls on an expected technical breakout. While this had worked on CL prior, a righteous rocket, Heinz is anything but. Slow and steady. And slower still... Back to square one.

Ponder This

noreply@blogger.com (Ed Phlanders) — Wed, 01 Aug 2012 05:52:00 +0000

Here's a thought. Drake's equation originally predicted 1,000 to 100,00,000 forms of intelligent alien life in our galaxy. Over time, the values and validity of the different variables have been thoroughly debated. Most human desciptions of these invaders give a similar description of their physical appearance. Generally they look like us. Now, is this effected by the human psyche, generated by a prejudice of what aliens (or god, for that matter) should look like? (Humanization) If per chance, however, these creatures do exist. If per chance they do look like us. If per chance they can travel back to this time... Which is more probable: Drake's equation, or descendants of humanity achieving time travel? #thingsthatmakeyougohmmm

Hmmm...

noreply@blogger.com (Ed Phlanders) — Tue, 31 Jul 2012 04:59:00 +0000

HNZ closed one penny above previous 52 week high. Technicals still bullish. Can it move -up - another 9-plus percent in the next 14 trading days?

Tide goes out, tide comes in

noreply@blogger.com (Ed Phlanders) — Thu, 26 Jul 2012 16:23:00 +0000

HNZ touched 52 week high today before retreating. T minus 16.5 days.

God never listens to what I say

noreply@blogger.com (Ed Phlanders) — Wed, 25 Jul 2012 18:00:00 +0000

T minus 17 trading days until bye-bye money. Was I right or was I wrong? Tick tock tick tock.

Heinz

noreply@blogger.com (Ed Phlanders) — Wed, 18 Jul 2012 22:27:00 +0000

HNZ. Bullish continuation wedge. Bullish MACD, RSI, Stochastics. Treading on top of 13-day MA. Miserly range lately, even in this week's market. Forty five cents yesterday, twenty five cents today. Terrible trade or something's afoot. Looking for a breakout by my calculations. Cramer suggested divesting the frozen food albatross the other night. Buyout premiums have been 40% lately. That's $77 a share or $23.4B. Worth it? PEP? KFT? UL? Bueller? BUELLER?!

Giddyup

noreply@blogger.com (Ed Phlanders) — Tue, 17 Jul 2012 04:28:00 +0000

DIA and SPY uptrends remain intact; QQQ looks less appealing but could show a shakeout before it breaks out. Futures pointing higher. Maybe tomorrow's the day to make some hay. Still expecting strong upward follow through.

My Most Sincere Apologies

noreply@blogger.com (Ed Phlanders) — Fri, 13 Jul 2012 22:59:00 +0000

I believe I proclaimed a gap up. How wrong. I also said 1.6%. Wrong again. The Dow and S&P ended up 1.62% and 1.65%, respectively. Close though. Oh, and that whole Nasdaq a laggard? Up 1.48%. Next week could be a good one.

Getting closer...

noreply@blogger.com (Ed Phlanders) — Fri, 13 Jul 2012 14:32:00 +0000

Why it is imperative the SPY and DIA move above 135.50 and 127.50, respectively.
Why the QQQ isn't as ripe.
And how all three have a tailwind.

Reason for My Optimism

noreply@blogger.com (Ed Phlanders) — Fri, 13 Jul 2012 01:51:00 +0000

Bullish MACD, recent 52 week high, stochastics still drifting on high side. Trading above daily trend lines, finding support at hourly intervals. Looking for bullish stochastics and top side follow through similar to what's been seen with KO, CHD, WMT, CL... Looking for 1.6% gap up in the indices one of these mornings.

That funny feeling again

noreply@blogger.com (Ed Phlanders) — Thu, 12 Jul 2012 22:50:00 +0000

Next trade is on. Starting to think I may never see that money again. Did lots of analysis... may not matter. Today I can place a specific dollar amount on patience. Expire August 17. What is going for me is there is a method to my madness and it has been reliable. That plus I think the market is absorbing the reality of tough love and is ready to break again to the upside. What I don't need is any more PIGS. How about some good news? Contrary to the crises. Some reason for the indices to take off. Jeez.

Up, up and away

noreply@blogger.com (Ed Phlanders) — Thu, 12 Jul 2012 10:49:00 +0000

Despite the current futures direction, my charts suggest buying here. I have no open positions at the moment but thought I'd share my opinion for the record. What I am looking at, very closely, is going long FDX, UL, AFL, OMI and UVV or short BEAM. QQQ and DIA look similarly bullish hence my buy rating on the market. Critical to these successes is a strong imminent upside reversal. I would then play the follow through.
My target is low price options with minimal premiums. Finding these nuggets associated with higher price underlying stocks yields greater opportunity for strong returns. A $0.25 option gets 10x the gain with a $50 stock than with a $5 stock given identical percentage moves. And, obviously, a $0.25 option at or near the strike price multiplies a lot easier than a deeper in the money $2.50 call. The trick is not getting the move wrong. I now employ daily and hourly technical analysis. And when the iron is hot I monitor the minute by minute ticks before striking. Every penny counts.

Go on take the money and run

noreply@blogger.com (Ed Phlanders) — Wed, 11 Jul 2012 21:09:00 +0000

I had to remind myself today NOT to get greedy. With ITW trading near recent lows at $50.35, I sold my $50 puts for $0.65 after paying $0.20 for them late last week. Next trade is not on yet, as I wasn't about to step in front of the Bernanke train. I'll be patient, looking for my next opportunity. I've so far returned close to 1000% in I think less than 2 weeks.

Tread Light and Carry a Big Stick

noreply@blogger.com (Ed Phlanders) — Tue, 10 Jul 2012 01:21:00 +0000

Big stick? Check. Tread light? Definitely getting there. Another bum trade on the horizon with not a lot of time to wait it out. Caution tomorrow. And a quick trigger. The trend is your friend. Until the trend is over. And quickly.

Get Back on the Train

noreply@blogger.com (Ed Phlanders) — Sat, 07 Jul 2012 04:46:00 +0000

No thanks to Greece, I had to lick my wounds after my BAC call trade went south. Made 300+ percent gains in last few days with CL calls. That trade is now closed. New trade is on. Short. Job numbers were disappointing (shocker) but not bad enough for Bernanke to have to step in. Current trade worked today. Added new layer of technical analysis to repertoire. We'll see what Monday brings. Can't wait. Until then...

Trade 1

noreply@blogger.com (Ed Phlanders) — Tue, 01 May 2012 05:51:00 +0000

Bought MCD May 100 calls for $0.11. Sold at $0.28. Was looking for strong upside follow through but had trouble at $97.50. Take the money and run. Second trade is open.

Let's Review the Rules

noreply@blogger.com (Ed Phlanders) — Sun, 29 Apr 2012 14:28:00 +0000

The theme for this endeavor is discipline. This starts with an unwavering focus on the task at hand; a perpetual evaluation of both the financial macroenvironment as well as evolving intraday technicals of the underlying equity I'm trading. Risk- reward will similarly be evaluated. In order to make these assessments less stressful, my technical analysis in screening for stocks absolutely must be flawless. I must strictly adhere to the pattern recognition model I originally developed, with zero tolerance for 'almosts' or 'close enough' charts. As of this writing my returns are 18 days ahead of schedule. That, as of this writing, lends 18 days to screen stocks looking for another opportunity to invest. Such windows allow me to identify more leads and, more importantly, monitor the development of other possibly more favorable opportunities. My philosophy is to acquire options in undervalued equities demonstrating technical signs of an impending short-term correction. Lastly, I will not be disclosing my posotions until after they have been closed out.

My System

noreply@blogger.com (Ed Phlanders) — Sat, 28 Apr 2012 19:13:00 +0000

Compound 15-plus percent every 3 days.

Day 2

noreply@blogger.com (Ed Phlanders) — Sat, 28 Apr 2012 17:11:00 +0000

I calculate that on or before July 18, 2013 I will be the wealthiest person in the world.

Back In Saddle Again

noreply@blogger.com (Ed Phlanders) — Sat, 28 Apr 2012 17:03:00 +0000

ssia!! Stay tuned...