Wachovia Director, Lanty Smith, has added another 37,000 shares on Wednesday (11/15) after an initial purchase of 100,000 shares. Since the end of August, Smith has purchased almost $8 million dollars of WB at prices between $38 and $48 a share. Smith now owns 220,000 shares of the bank.
Peter Lynch famously once said, “There are [...]

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Filed Under Stock Market News | 3 comments!
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Ladies and gentlemen, I Initiated the following position today:
Bought 6 blocks (60,000) of AMD at an average price of 11.32.  To hedge the shares, I decided to use a combination of “out of the money” and “deep in the money” Dec calls.  Thus this strategy is termed the “covered called” strategy where the calls’ premium will be provide a [...]

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Filed Under Stock Market News | 6 comments!
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Stock Trading To Go will be hosting the 128th Carnival of Personal Finance which will be published here on the site next Monday the 26th.
If you haven’t submitted your entry yet now is a better time than later; submit your entries here.
I haven’t decided what kind of theme to go with yet, but regardless it [...]

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Filed Under Investing | View Comments
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5:23 PM Update (Blain Reinkensmeyer): Several leaders of this market had very strong days today yielding good accumulation off of key moving average support. Google (GOOG) finished up over 3% on heavy volume to close at $648.54, Apple (AAPL) finished over 3% to close at $168.85, and a Research in Motion (RIMM) had a shaky [...]

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Filed Under Sean Hannon and Stock Talk | 1 comment
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     As we violate the August lows, a handful of the tech bellweathers are holding up.  Google (GOOG) and Apple (AAPL) are higher on the day.  Could this be a repeat of August 16th when the financials resisted to crash and the market bottomed?  From my view, this could be a great short-term trade.  Get [...]

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Filed Under Sean Hannon and Stock Talk | 2 comments!
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Are mutual funds dead? With all of the talk surrounding Exchange-Traded Funds over the past few years, I am starting to think that it’s starting to become an endangered species. Although there are way more mutual funds out in the market than ETFs, the popularity of mutual funds is waning while there has been [...]

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Filed Under Investing and Karl Wiebe | 6 comments!
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     Early this morning, all indications pointed to a positive open.  Futures were higher, international markets were up and the high beta names showed promise.  As we approach the open, our optimism is fading.  The futures have given back a chunk of their gains and may open modestly higher.  Given how close we are to [...]

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If you want to get an idea of what day trading is like, go no further than traderbubs.com. Bubs as he is nicknamed was the top commentator here on the blog in October, and this is his spotlight post.
This review will tell you about Bubs, his investment blog, and close with a contest he is [...]

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Filed Under Reviews | 1 comment
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