Month: January 2017

Nike 60 in 2017

nike-long-bullish

On Friday, i entered an call option of 55 on Nike, this is my first options. Nike is a market leader in the sporting market. Poor performance in 2016 is due to strong competition from Adidas (NMDs and Yeezys). I belief the moment Nike will continue to innovate and gain back its momentum in 2017.

60 is a safe call

70 breakout if its competitor are not performing as well.

nike-rolexking

Time to stop using cheque and go long on credit card companies

transaction.png

From The Nilson Report, consumers are turning to Credits/Debit cards and electronic payments.

visa.png

This chart shows that Visa is a market leader in the cards industry.

visa rolex king.png

This is a stocks price movement of the top 3 traded companies in the US market.

Conclusion.

Visa have strong business fundamentals and it under-performing compared to it’s competitors.

I am long on VISA. Currently have a small position in VISA

Looking to take profit on VISA at 83

 

2016 was a tough year for Nike, will 2017 be nice?

nike-great-value

Last night was the starting of a new trading day. All my stocks were going strong except for my casino investment in Wynn.

This week i am going to look at Nike. Daily technical show bearish, but rejected the 50 multiple times. Monthly and yearly view is oversold. Hence i will say not undervalue but Nike is in great value now.

It have a strong moat like what buffet like. Still a market leader in sports market despite fierce competition from Under-amour and Adidas in the past few quarters.

3 options

Enter the market now – 50 range

Enter half position now and enter 2nd position if it drops to 40

Wait till it drop till 40-45 range

Entry point will be 50 for me

Short term TP – 60