Summary of picks from yesterday

Posted by Kamil on May 19, 2009
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Yesterday’s picks turned out to be right on. Although with pathetic moves, AMD gained its way up. It has been trying to break its new resistance at $4.50 majority of the day. Unfortunately, I followed my plan and sold it in the morning to break even (including commission) because I did not have any more patience from watching it a day before. If I would have kept it for the day and trust my own gut, I could have made easy $0.2501 per share (or 6%). I hope some of you had more patience and easily profited on AMD. The lesson to be learned from this is that I’m very impatient trader.

AIB is hanging strong. Even though I intended to keep it for a longer period of time, I sold it with $0.26 per share profit (or 9%) because I needed net liquidity for other trades I did today. With that said, AIB is still a keeper and I will very likely get back into this stock some time this or next week.

Company Buy Date Sell Date Buy Price Sell Price Gain/Loss
AMD 5/18/09 5/19/09 $4.1399 $4.15
AIB 5/18/09 5/19/09 $2.89 $3.15 9%

Although single digit, 9% profit overnight is always nice.

Let me know what you think about those two picks in the comment box.

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Two picks: AIB and AMD

Posted by Kamil on May 18, 2009
General / Comments Off on Two picks: AIB and AMD

This is my first blog post here. As a friendly note, I assume no responsibility or liability for your trading and investment results. Do not forget, this website is solely for entertainment purpose only.

Today the trading day started with generally high buying demand and ended the same. My two picks for today are: AIB and AMD.

Company Buy Date Sell Date Buy Price Sell Price Gain/Loss
AMD 5/18/09 $4.1399
AIB 5/18/09 $2.89

All indicators aside, I think AIB is one of the financials that is undervalued. According to, in its first quarter trading update, AIB “announced that operating profits before bad debt provisions were higher than the year-ago quarter, reflecting strong performance of its Capital Markets and Global Treasury divisions.” That not to say that they do not have problems- they still experience declines in operating profits, net interest margins shrink, etc. The point is not many institutions are problem-less. As of the close today, the stock is at $2.90 so it is still a penny stock. Most likely it will be a longer term play for me.

AMD is a pure technical play. It has a major support somewhere between $4.07 and $4.12 (as indicated on the graph below). I bought it at $4.1399 hoping that it will break its trend of fluctuating and find its way up. It did surge, but not as high as I was expecting. The bears and bulls are still fighting. Depending on pre-market, I will most likely sell this stock in order to break even (including commissions).


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