galleon investments, llc
TRANSCRIPT
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Galleon Investments, LLCSailing the seas of finance. Together
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Stock Snapshot & Rankings
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Sharpe Ratio Rankings & Benchmarked Performance
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Technical Analysis• Market is mostly forward thinking. (This means that the price will
move today based on news or guidance for the future. ex.- FB earnings vs. guidance)
The field of technical analysis is based on three assumptions:
• 1. The market discounts everything. (fundamentals, economic trends/events, and market psychology) • 2. Price moves in trends and patterns. • 3. History tends to repeat itself. (The repetitive nature of price
movements is attributed to market psychology; in other words, market participants tend to provide a consistent reaction to similar market stimuli over time.)
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Technical Analysis• Market/sector direction• Market/stock momentum• Support/resistance levels• Charting patterns (Gaps, Breakouts, Breakdowns, Cup
and Handle, Head and Shoulders, Double Top/Bottom, Ranges)• Candlestick Charting( hammer, doji, bullish/bearish
engulfing)• Volume• Other technical indicators (Moving Averages, MACD,
RSI, Bollinger Bands, VWAP)
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GoPro (GPRO)
10/30/2014Market - Buy Equities GPRO GoPro Inc. 800 67.72 -10 -54,176.003:13 PM
11/5/2014Market - Sell Equities GPRO GoPro Inc. -500 80.33 -10 40,165.0012:59 PM
11/28/2014Market - Sell Equities GPRO GoPro Inc. -300 76.52 -10 22,956.0010:50 AM
8,945.00
Stop – 62.99
• Bad news going into earnings (Michael Schumacher crash and CEO Nick Woodman moved shares into a trust before the end of the lockup period
• Earnings on Oct. 30 (growth stock)
• Double top with inverted hammer
Inverted Hammer Double Top
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Tesla (TSLA)
10/30/2014Market - Buy Equities TSLA Tesla Motors
Inc. 500 238.42 -10 -119,210.003:14 PM
11/21/2014Market - Sell Equities TSLA Tesla Motors
Inc. -375 245.13 -10 91,923.7511:01 AM
11/28/2014Market - Sell Equities TSLA Tesla Motors
Inc. -125 242.76 -10 30,345.0010:50 AM
3,058.75
Stop – 214.99Support going back to beginning of year
• Fill the Gap• Earnings report on
Nov. 5 (2 cents profit vs. 1 cent expected loss)
• Filled Gap with inverted hammer
Inverted hammer
ShoulderHead
Shoulder
Trend line
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IBM (IBM)
10/30/2014
Market - Buy Equities IBM
International Business Machines Corporation 400 163.94 -10 -65,576.003:17 PM
11/11/2014
Market - Sell Equities IBM
International Business Machines Corporation -400 163.27 -10 65,308.009:58 AM
-268.00Stop – 159.75
Gap Fill after Earnings drop
Range bound
Possible trades:1) Over 1652) Below 160
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SolarCity (SCTY)
10/30/2014
Market - Buy Equities SCTY SolarCity
Corporation 600 55.98 -10 -33,588.003:40 PM
11/6/2014
Stop - Sell Equities SCTY SolarCity
Corporation -600 51 -10 30,600.0010:36 AM
-2,988.00
Stop – 44.50 • Cup formation on an upswing with 56/57 resistance
• Market momentum
Inverted Hammer
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Alibaba (BABA)
10/30/2014Market - Buy Equities BABA Alibaba Group
Holding 600 98.72 -10 -59,232.003:52 PM
11/5/2014Market - Sell Equities BABA Alibaba Group
Holding -450 109.16 -10 49,122.001:37 PM
11/13/2014Market - Sell Equities BABA Alibaba Group
Holding -150 117.36 -10 17,604.0011:02 AM
7,494.00
Stop – 96.98• Cup formation with $100 resistance• Market momentum• Earnings report on Nov. 4th• Double top
CupHandle
Volume Confirmation
Triple Top
Doji
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Facebook (FB)
10/31/2014Market - Buy Equities FB Facebook Inc. 600 74.95 -10 -44,970.001:19 PM
11/11/2014Market - Sell Equities FB Facebook Inc. -600 74.44 -10 44,664.009:58 AM
-306.00
Stop – 71.48 • Fb had record earnings but had lower 2015 guidance for investment spending
• Gap fill• Market climbed and FB and TWTR
didn’t
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Michael Kors (KORS
11/14/2014
Market - Buy Equities KORS
Michael Kors Holdings Limited 800 70.99 -10 -56,792.009:53 AM
11/26/2014Stop - Sell Equities KORS
Michael Kors Holdings Limited -600 75.48 -10 45,288.002:19 PM
11/28/2014Market - Sell Equities KORS
Michael Kors Holdings Limited -200 75.98 -10 15,196.0010:50 AM
3,692.00
11/4/2014
Market - Buy Equities KORS
Michael Kors Holdings Limited 1,000 71.8 -10 -71,800.0012:42 PM
11/11/2014Market - Sell Equities KORS
Michael Kors Holdings Limited -1,000 68.4 -10 68,400.009:51 AM
-3,400.00
• Gap Fill• Bottoming tail/ doji on
support• Bullish Engulfing with
volume confirmation
Good support dating back to August 19, 2013
Stop- 68.50. LOD was 68.25 Doji Bullish Engulfing/ High
Volume
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TQQQ, UPRO, SQQQ• Leveraged ETFs (3x and 2x)• UPRO – S&P 500 3x bull (500) ($125) – $7,985 or 13.35% profit• TQQQ - Nasdaq 3x bull (600) ($95) – $9,210 or 17.47% profit• SQQQ – Nasdaq 3x bear (300) ($28) - $1,548 or 15.21% loss• We took SQQQ instead of SPXU because Nasdaq is more
volatile, and if market drops, it will make more than SPXU. In short, it is a better hedge and diversification of risk.• We watched the charts to see when to sell out of TQQQ and
UPRO and to buy more of SQQQ.
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Bonds and The Market• Corporate• Highest coupon rate• Earliest maturity date
Market is getting a little “toppy” and is long overdue for a correction (10% down from the high). After correction, we would sell most of our bond position and go long again.