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Charlie Anderson
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I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
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  • Weekly Outlook, 7-23
    This week the market did well. There was optimism that deals would be reached, and the market was up accordingly. Guess finally surged, as expected. NRG, TRLG, and my new 260-share position in SHOO also held up. I entered and got stopped out of CLF. I am looking to get back in at a good price very soon. I really want to own those shares. That being said, the worry I felt last weekend has moved into my gut where it now manifests itself with a sinking feeling. Very, very, very, very, very worried about the U.S. & Italian debt woes going into this week. This worry is, as always, accompanied by a bit of giddy excitement with the idea of buying great companies on sale. We'll just have to see if American politicians decide to save themselves from the innumerable repercussions of a downgrade.
    Jul 23 6:18 PM | Link | Comment!
  • Weekly Outlook, 7-16
     Sorry I haven't updated the blog the last couple weeks. Summer is the only time of year when I don't get to it every weekend because of various commitments and vacations. Anyways, I'm back. My bullishness towards the end of June proved well-founded, as it preceded a 6% jump in the market. I realized as I left that I needed to cash out of Eli Lilly and AstraZeneca, as they are the two worst members of the big pharma industry. They were both value traps. Now I'm down to TRLG, NRG, and GES in the model portfolio. I've been very satisfied with True Religion, but Guess' insider sales are worrying me. I plan to look into it this week and publish a report sometime soon. If it is that worrisome, I may sell. 
     
    I'm looking to move into high-growth stocks. I think this will be more profitable, and simpler. I will trade with tight stops using momentum-based technical analysis, combined with in-depth fundamental analysis. My short list right now (among many others) is Oracle, Green Mtn. Coffee, Whole Foods, Steve Madden, Cliffs Natural Resources, Devry, and Aflac.
     
    In the meantime, I have a significant cash position. I don't think it would be bad to have some cash going into this fall, at least until the government figures out the debt limit. This is not to mention the reputation that September and October have in the minds of every investor I know. If the U.S. gets downgraded (which S&P threatened on Thursday), then cash will once again be king, and opportunities will abound. On a monthly basis the market needs to see a lot more consolidation before we can once again move higher above 1400. I'm not very bullish right now, and I'd expect next week to be pretty grisly. I may try to cash out of some of my Guess stake early in the week, if I have time to do the necessary research beforehand.
    Jul 16 10:59 PM | Link | Comment!
  • Weekly Outlook, 6-25
    My prediction last weekend proved premature in the latter half of this week as the market collapsed back to support. This made for an even better bottom, and I'm quite bullish. I plan to sell AstraZeneca and Eli Lilly soon, and I have entered OCO orders for both, as I leave tomorrow for 3 weeks off. For the sake of the model portfolio, I'm just selling AstraZeneca with a market order. I don't own shares of Eli Lilly in the model portfolio. These two have horrible revenue and earnings prospects, and I just want to get out. I really should have done more initial legwork. In the meantime I think the market has bottomed, and next week should be significantly better than the last one.
    Jun 25 4:51 PM | Link | Comment!
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