$BBRY - BlackBerry & Bananas & TV shows

So I'm sure we've all heard about the $BBRY chatter lately, not even lately people, I'm talking its been time since $BBRY has been failing. I don't know what to say, I feel bad almost because there are people working for the company and its sad that from what I see the company doesn't have a direction (BUT that doesn't stop me from trying to profit from it). So please I urge someone who works at BlackBerry to clarify the situation for me, what is going on? Why has this company with like 11000 patents gone from trading at $180 a share to all the way to almost $6 a few months ago? 

Whatever that's way tooooo senti-menti for me at this time. But I do however have feelings for anyone who grew up or went to Waterloo university with the intentions of "ima work at $BBRY one day and just kill it there, thats my dream" you know what if you're that person and you got in and you're living it up and living your dream, good! Ima cheer you and Blackberrry with you homies! Lets get this company either back on track or bought out so it does better! 

Why did I decide to go long $BBRY? 

I don't want to get emotionally attached to $BBRY but honestly I want to see it succeed again! As you can see in the chart, black berry legit died from the last time it reported earnings, I'm sure it made a lot of people pray at night! I know I would! But after the decline from last quarters earnings I started to see a pattern develop on the weekly chart below. Do you see how the the bowl shape developed? That nice curve! It fell and just started curving and smoothing out? Don't think of a hyperbola from grade 12 math, nah, that's toooo much of a curve, I'm talking just a nice little

Banana curve!  I saw the classic "LONG setup" $BBRY gapped down, it died all the way to 8.57 into a previous buying zone and then went side ways for about 2 weeks and BAM, on August 2nd 2013 I put in an order to buy 170 shares if $BBRY printed 8.93, and what happened? It printed 8.93 people! Sandeep officially owned $BBRY! And I wasn't too worried and I wasn't really expecting a whole lot, I was thinking this would be a month or so long trade because $BBRY is such a slow mover it's annoying. 

Surprise: This little stock is a drama queen 

I didn't know $BBRY was such a drama queen, I was expecting again NOT too much excitement, just was expecting my pattern to do the trick for me I already had my exits and profit taking areas in my head and targets set in place according to my trade so I was pretty calm. But all you SEE in the news is headline after headline "BLACKBERRY planning to go Private" and "BLACKBERRY buyout potential" and "BLACKBERRY up for sale" and all this non sense that I totally THREW my trade off in the good way. I purchased 170 shares at 8.93 and $BBRY closed today at 10.70 ish and it's only been 7 trading days since I bought the shares! It moved crazy fast!! This bad boy so crazy that I had to get rid of some shares pre-market last Friday, I was like O M G what just happened I need to take some profits and keep my pants on! 

Below: Weekly $BBRY Chart

So on Friday August 9th, around 8 AM I see $BBRY is at like $10.33 I was blown away, I'm like WOAOOO what just happened!? Remember I had 170 shares at 8.93, so I wanted to take my gains, I wanted to put some money in my pocket, protect my position and then go back go sleep. I saw $BBRY pre-market just get hammered and slaughtered down to $10.03 and I'm thinking to myself it's already above my target 1 profit taking zone might as well take profits, and I wanted to sell 70 shares at 10.03, and remember I'm on my phone and in my bed and half asleep, instead of selling 70 shares I accidentally PURCHASED 70 more!!!' AHHHhhhhhh this is the second time I did this, so now I own 240 shares of $BBRY! I was so upset like ahhhhh I felt like crying, so in a rush I didn't even care I didn't want price breaking 10 because I knew once it did it would be a wrap so then I sold 140 shares at 10.03, and which means I had a total of 100 shares remaining in my position. Let me the do math:

Friday August 2: Buy 170 shares @ 8.93

Friday August 9: Buy 70 shares @ 10.04 accidentally 

Friday August 9: Sell 140 shares at 10.03

Total shares remaining: 100 shares 

And let me tell you, because I messed up and accidentally bought shares my average purchase price went up, originally I had purchased shares at 8.93 after the commotion my average purchase price went up to 9.707, that's an ENTIRE almost $1 away! I don't know WHAT happened but when I saw the break down of my shares it says I have remaining 30 shares purchased at 8.93 and 70 shares purchased at 10.03 and that average works out to be 9.707, which is possibly the biggest torture to even occur to me! That's like buying a banana at 8.93 and then accidentally buying another banana the next week at 10.03! LIKE I WANNNA SELL MY BANANA AT 10.03 to the public not BUY!! I already bought the BANANA and wanna get rid of a piece of it! BUT NO, I instead BUY another BANANA for THE current more expensive market price and THEN now I have 2 BANANAS and I can't make as much profit any MORE because my purchase price just got closer to the market price! 

So what am I hoping for now!? I am hoping $BBRY blows UP and explodes in price, I really have to follow this stock now like a TV show! I tell PEOPLE I don't watch TV but try following the market and follow the stocks you invest / trade it is exciting, it's dramatic, there are twists and turns, there are set backs, surprises, there's money to be made!! Where as Sons of Anarchy, MadMen or Suits...ok they do all of the above but don't make you money!  NO (I'm not saying those shows suck or are bad, I'm just saying I got my own sitcom going) respect to all forms of entertainment!! 

So lets see what happens! Review the chart below! I'm hoping $BBRY prints an 11.01 and it'll be gone, cover the gap and shoot back up into the mid teens and ill be happy! Go go go! 

$AMD - Where is it headed?

$AMD Thoughts

Update: August 27 2013 

So $AMD did exactly what I said (read the article below) 

Current price of $AMD 3.39 remember that I said short if $AMD goes below 3.75

I would have shorted this insanely myself but I have a long position in $AMD 1000 shares at 2.91! And you know what they say about longing / shorting a stock at the same time! It's illegal! I coulda let go at 4.65 Ish and then shorted but honestly I don't want to mess with my position, ill leave it as is! Hopefully someone tried it out! 

Read below for the original article! 

So this is what I think will happen in the say next 1 month or so...lets see what plays out.

What I would do: (this is not investment advice, read the writing on the top of my blog if you have not yet)

Option 1) Buy above 3.90 

Option 2) Short below 3.75

Example Situation:

Say you want to risk $1000, what that means is you don't care if you lose $1000 if this trade goes wrong, now also you have to know when this trade goes wrong, so have a quick look at the chart and follow me closely. You need to know the following things:

1) How much you are willing to lose ($1000)

2) When will you know you are wrong?

3) When and where can you take profits?

So if your in this trade, if you think $AMD is going to die and go below 3.75 then you should understand that 3.90 and 3.75 has a difference of .15 cents. 

So if you are willing to risk $1000 this is what you do:

$1000 divided by .15 cents (risk in the trade) = 6666

What does the 6666 mean? It means you can short 6666 shares at 3.75 or 3.74 and lose approx $1000 if the trade does not go your way! What is not your way? If price goes up and shoots to 3.90 you are negative $1000.  So you know you will not LOSE more than $1000!

Now when do you take your profits? What I normally do is I take profits when the price of my stock has moved doubled my risk, so my risk was .15 cents, so I need a .30 cent drop in price to take out half my position (which is 3333 shares) and I will make approx $1000.

Example:

Short 6666 shares at 3.74

Once $AMD goes to 3.44 I cover 3333 shares and lock in $1000 in gains, IN ma POCKET

I still have remaining 3333 shares in the position that I will let ride, because I have already locked in $1000 I don't care what happens, the price can come all the way back up to 3.74 but I still locked in my $1000.

Read the chart! Classic Short Setup on the daily, lets see if $AMD has enough bull power to keep it up...markets just ripped into new highs will they hold this bad boy up or will the bears pound on $AMD and bring it lower? 

Right Click Chart, Open in New Tab

P.S.

No Trading for August since I am a busy man, my blog will hopefully be filled with updates about the market, possibly commodities and any thing that I see developing.

Please visit the links below for other information:

About Me, Click Here 

My Trading Journey, Click Here

How I almost burnt down my house, Click Here

Addicted to Trading - $QCOR

Again, I am NOT supposed to be trading but its just too tooooo hard for me to not, I honestly have a problem, I need TO just STOP! NO trading for August, I am shutting down my system, temporarily closing my accounts and that is it! What is the only reason? I don't get to do anything else! Haha! August is going to be a busy month for me, I am trying to get into shape, I need to work out and have a ton of other things on my mind! But hey.

Here is my trade!

$QCOR - I let it go early because I need to do some work around the house. I would have kept this in there, but right now I am not comfortable with leaving my stocks alone, I need to be watching them, orders get skipped sometimes and I cannot afford a risk like that. So I let it go! $69 in ma Pocket!

I bought about 43 shares at 61.11 and another 43 shares at 62.21, I wanted $QCOR to break a some price targets that is why I went half half in, first to test the first breaking point then the next. Right now as I am typing $QCOR is at 65...LOL that is $3 away from where I bought it almost. Beautiful play, but again I was looking for a quicki!

Chart below:

Below: My Prints (Trade Tickets) As you can see first transaction at 09:38 and I was done trading 09:48

Below: Profit for the Morning! - I kind of regret letting it go, but hey that is the life of a trader! +$69

$HMA - What a Short! Wish I Managed it Better though!

$HMA

Traded this beauty, it got slaughtered right out the open! It fell like a rock and BAM! I first shorted 650 shares then I was like NAH, thats too large of a position for me, then right covered 150 and rounded my position to 500 shares short. I was not expecting this to die this quick and with such force! I wish I had taken more gains around 13 area and maximized my profits but hey, still $100 on this is great for the day!

Here is the chart! $HMA

Right click chart, Open in New Tab!

Below: are the trade tickets, try to look at the times on the trade tickets and then look at the time on the chart above to match up what I did! I don't have time to update and draw on the chart today! 

Below: Profit/Loss for the day! $100

Enjoy your Tuesday everyone!