For thoses that have bought RAI with me, u will be smiling now 🙂
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Nike 60 in 2017
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.
Time to stop using cheque and go long on credit card companies
From The Nilson Report, consumers are turning to Credits/Debit cards and electronic payments.
This chart shows that Visa is a market leader in the cards industry.
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?
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
Rolex as an Engagement ring
I will marry anyone who propose me with a Rolex!
Last trading day for 2016
Last trading day of the year. This is what my portfolio looks like now.Increased my stake in tobacco and airline business and casino.
Below are all my orders
Please ignore my Sony (SNE) order. Sony have strong standing in the camera sensor market. I will raise in 2017 however I have canceled the order as i want to reserve my funds for crude oil investment. (USO) as i see more potential in oil growth in 2017, especially with trump as president.
Time to invest in oil?
Currently oil is 53.30
Looking to enter a small position at 50 and a larger position at 40
TP 60
Will be using Oil ETF, Â USO
