Location, Location, Location!

Sixty-Six Mountain, Wyoming. Eat your hearts out everybody. This is one of the views out of my living room windows as I work from my "mobile cabin". I put in about 2-3 hours total a day, trading stocks and options on mobile internet to enjoy this and many other million dollar views. If I can anybody can.

Wyoming and Weather May 24th

It's partly cloudy and kind of coolish this morning with a breeze. But the air is as fresh as it comes and the spaces are wide open vistas. A small space heater and a little ambient sun shining in the windows is keeping us in perfect comfort. I'm very thankful that fulltime RVing has enabled me to live in this wonderful state of open spaces year round! And I love being able to volunteer a bit and enjoy a lot of what I truly enjoy...leisure and animals. I get to spend loads of time with my own beloved animals plus help take care of some more at Pet Pals, Inc. a True Shelter where pets are never killed.

RU Crazy?

Am I crazy? Some might be wondering if it's risky not taking in all the information about a company before trading its stocks/options. Sure! Anything with the potential of making money entails risk. But it's not half as risky as me having to sift through all of that boring financial trivia and then trying to guess which way the stock should probably move. I hate all that financial stuff. The only thing I enjoy about financial stuff and numbers is how many digits I can put in my checkbook to spend! Trading based on a picture (chart) is called technical trading I suppose because it gives one a snapshot so you can follow the money.

Going LOWer

I doubled up on more LOW June $26 Put contracts just now. Got them for half what I paid for the originals which puts my average cost basis at 82 cents per share (I still miss the cent sign on my old Smith Corona portable).

LOW's Chart This Morning

If you want to look at charts that I am speaking about there is a free chart service on the web http://www.bigcharts.com/ . This is a great place to look at charts. Just type in the stock symbol and hit enter! Sorry I haven't figured out how to put charts into these blog posts yet. Techie I'm not.

So What Has Happened to LOW and ACOM?

As seems usual on thes breakaway gaps both LOW and ACOM (for the second time) yesterday made a little foray back up to areas where selling recommences. They went up a ways. I had planned to buy another put contract or two of each one if they went up significantly which would lessen the average price I paid for them overall. I did that with HUM and was well rewarded a couple of weeks ago. ACOM is already falling however this morning so have decided to wait and see if it tries to run back up before buying some more. LOW is also up but was falling back a few minutes ago so I will wait and see on it, too. So far these breakaway gaps have not been overcome and Steve Wirrick states that breakaway gaps are never filled so am proceeding on that basis. It sure worked for me on HUM as I was really biting my nails then. The stock climbed back up even back up into the breakaway space and I thought it was going all the way back up but it didn't. And when it turned back down it went down very nicely. I think given all the problems these breakaway gaps give one in the beginning it makes trying to milk it for all its worth on the way down a good idea. I sure got out too early on HUM. I sort of get the sense that people have to get used to the idea of the stock going down and when they finally do there isn't much resistance until they completely traverse the expected distance. Remember Wirrick said the distance the stock can be expected to go down/up is the same distance as the height/depth of its previous range whether it's a triangle or a rectangle. One thing also with a rectangle which he calls a "Cash In The Box" he says the longer they base the further they race, so the longer the rectangle the further a stock will go down/up once it breaks out of it. In fact I need to go back and check in his book, High Octane Trading, but I think the length of the rectangle determines how far the stock moves and is of equal distance down/up as the length of the rectangle.

A Day Gone Bye

A dear friend lost some of her nearest and dearest yesterday so this blog was silent, which it has been more often than not of late. Not because of nothing going on but because of so much going on that I have neglected to record. She lost three dear pets. Some might say that pets are of no significance. But judging by the profound ways that they touch some of our hearts and weave their way into the very core of our lives and beings I would have to disagree. Each of these mysteriously wonderful creatures is a unique creation, so unique in fact that there will never be another just the same. They are as unique as snowflakes are said to be...and far more complex. They seem to absolutely blossom in the presence of any human love shed on them. This loving part of them more than any other is proof that there is a God Who made them and that He is indeed love. The Bible says that God is love, and His creation and His humble creatures that share our lives at our feet, on our laps, in our arms are significant in that they point us to Him and utterly break our hearts when they leave us for it is a little piece of the Creator's care for us that goes with them. Is it any wonder that their absence leaves us so bereft?