While I was away

It's funny reading the old posts and how things have not really changed, only a few more people now agree and see what I saw back then regarding the mobile industry and it's players. Apple keeps being Apple and doing it's thing and others fall by the way side or further behind. Rimm fell off a cliff, Motorola saved by Google and now possibly patents? Here is to looking forward.

I am back

I took off for awhile to concentrate on other duties but intend to get back in the swing of things. Come back and check out what we have to say.

New Trends

AMZN upgrades got the mo jo back. RIMM better watch out. Trend is down there. You can play but take profits. Build your RIMM position to coincide with earnings release. They always run up before earnings. You should get some selloff from Droid phone news next few days or weeks. Already had some. Losing market share but still a good value at the right price. AMZN's pe is high so get out if the market weakens. Verizon bashing ATT is hurting AAPL and holding it back from going higher. Big money may be next year unless we get some NAPD data showing market share or sales to push it higher. Thats good long term builds a base to launch from if the market holds up but as a shareholder disappointing it did not move as much as the market. Scale back till mojo if you are short term. Take a look a ROM but it is a leveraged play so your entry and exit are critical. You have to manage this one carefully. MOT may be hurt by the HTC droid phone so if you have profits take protect or scale back some. One phone cannot carry motorola and downgrades on valuation could come soon.

Market and Options Update

Well, it looks like the options are less now. If the market rebounds form here, you could play AMZN but I like AAPL better. And we might revisit RIMM at these lower levels. Yes Droid will hurt RIMM at the Verizon stores, but I don't think MOT can produce enough to hurt RIMM for this much loss in market cap at least not short term.

I am finding the daily swings harder to catch but sense the touch coming back. You can still buy the dips and sell the rips. I think the options have repriced now and you can find your entry level on various stocks and make money. The price of volatility got sucked out but it appears to be staying for now that we are getting away from earnings, and the fed reports this week and we have been rallying the last few times. We also have a ton of economic data and I expect them to confirm the economic rebound will build on itself over time.

Look for Apple to go back up with resistance at 192 and 199-202. There maybe some resistance mid-way in the 195-196 area but we have already tested it once. Maybe one more test before breaking through if you are a trader.

Options Update

If you are still holding Amazon options now you are being greedy. Take profits and re-load again later. Take a look at the GS Nov180 calls. Use a tight stop, it's at the bottom of a channel and if support holds you will make good money, if not exit quickly and keep your loss small.

The Declining Dollar and Wealth Redistribution - Obama

Since the government is doing things to cause the dollar to go down and not supporting it, I got to thinking... is this another form of wealth redistribution? Think about it, those that have money now have less and those in debt the present value of their debt is less. Stealth Wealth Redistribution. These guys are good at what they do.

Amazon Beats and Soars

Amazon reports huge beat and soars after hours. I have been playing the calls on this stock but this is the first month I did not have any open, inadvertently. Congrats to all those who did.

If it clears 113-114 then it goes to 120. This market is toppy so I would take at least 1/4 profits to 1/2 if you are going to let any ride. We are heading into their best month December, but if you are in the calls they could go down after tomorrow when the volatility decreases unless the stock price continues higher. You will have to watch and decide. I would still take some off tomorrow for risk management. JMHO

Side note: Maybe it was all the Apple products they sold.