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On Vacation until Sunday April 6

March 28, 2008 by 7 Comments

I will be taking off the next two weeks as I travel to the the Riviera Maya.
My vacation has begun if you haven’t already noticed – sorry for the delay in getting this information out.

Please take the time to check out some of my most popular and informative blog articles from the past 12-15 months (below).
I also recommend that you select a book from my “best of” library and read it while I am away (scroll down on this page).

Regular posting will return on Monday, April 7, 2008

I will be reading Microtrends and The Art of War while relaxing on the beach.

A look back at some of high quality educational articles from 2007

January

February

March

April

May

June

July

August

September

October

November

December

Top 20 chrisperruna.com Posts

Start with these books and then scroll down to view my Stock Market Library:

An Excellent Stock Market Gift List:

Learning about Stocks (Fundamental and Technical Principles):

System Development and Market Psychology:

Great All-around Reads:

All Others:

Filed Under: Books, Links, Misc.

Cramer’s TheStreet.com Sneaky?

March 20, 2008 by 9 Comments

I start by giving a hat tip to Don Harrold from DonHarrold.net for providing the in-depth research and video highlighting the Cramer BS! And that’s what it is, BullSh*t!

The second hat tip goes to Adam from Daily Options Report who uploaded the YouTube video to his site, where I first viewed it.

Watch the video and understand what TheStreet.com is doing here. I mean, all credibility goes out the door if this is true and the image is not altered.

How many other lousy, losing stock picks does TheStreet.com erase from their website without anyone noticing? Do they really go back and toss out poor stock picks without telling the public? They should lose ALL journalistic credibility and ALL equity research credibility (if they had any to begin with).

I am glad people like Don Harrold keep an eye on the big guys because so many sheep do watch these shows and trade based off of what they say.

The second beef I have is the fact that Jim Cramer claims he was talking about Bear Stearns, the bank, and not the stock (BSC). Maybe he was because he does refer to the “liquidity” based on the caller’s question but I still have reservations.

I am wondering why a stock chart was uploaded on the screen if he was talking about Bear Stearns the bank and not the stock; they post these charts on the screen with every other stock analyzed.

Why too, did Jim forget to say the words “common stock” during the initial telecast? Let me guess: because he was talking about the stock just as he has been calling it a buy since last summer (the start of the big crash). The follow-up video of Cramer stresses the words “common stock” but he forgot to iterate this during the initial telecast. He has to be clearer considering he is speaking to an audience that takes his words at face value.

Anyway, I am wondering why the mainstream media or even competitors such as the Fox Business Network (or whatever it is called – I don’t watch these channels) isn’t calling out TheStreet.com and/ or Cramer.

I try not to be a Cramer basher but he’s such an easy target when he does stuff like this and his company does something so despicable. I leave the day-to-day nit-picking and bashing for others but I have to jump in and make it clear when something is very wrong (and involves a public company). I mean, I almost worked for TheStreet.com and Jim Cramer (I made it several rounds deep in the interviewing process to become a part of their equity research team). Fortunately for me, they went with the business school lad instead of the architecture grad.

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Filed Under: General Market, Misc., Wall Street

Listen to My Audio Interview

February 29, 2008 by 11 Comments

As promised, the audio version of my Trader Interview with Tim Bourquin is now loaded in the widget below. The interview lasts about 20 minutes covering topics such as how/ when I started trading, the types of fundamental screens I use each night and the four of charts I study for each stock I research.

The interview can also be heard on the Trader Interview website or this direct permalink using Windows media, RealPlayer, mp3 stream or direct link to mp3. My favorite place to listen is on my iTouch using iTunes, by subscribing to the free Trader Interviews podcast.

Enjoy and certainly let me know what you think!

Show notes: Chris Perruna is a part-time trader who holds positions from three to nine months at a time, looking for larger moves in stocks he chooses based on the CANSLIM method from Investor’s Business Daily. Here we talk about the three stock screens he uses each night, why he likes stocks that are about to bounce off their 200-day moving average and why he, even though he is a longer-term trader, will get out of a position the same day if the trade isn’t working out. Chris’ blog can be found at: ChrisPerruna.com.

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Filed Under: Blogs, Media, Misc.

RIMM is my Pick

February 22, 2008 by 4 Comments

I choose Research in Motion Ltd. (RIMM) as my stock for the ibankcoin.com 2008 March Madness stock tournament after reading about it on Rajin’ Cajun’s blog (formerly known as Madstocks blog). It’s all in good fun as I typically avoid contests because they make me do things I might not do otherwise (like trade and root for a stock based on a pick rather than reality).

I picked RIMM for several reasons:

  • I don’t own shares at this time so I can be objective
  • Q4 ends on March 1, 2008 with a reporting date of April 2, 2008 (spans contest)
  • The chart is currently bullish (daily and weekly)

We’ll see how I do. A blow out earnings date that hits the wire early gives me great odds and the market is always about odds (I looked at this competition from a poker player’s perspective rather than a pure investor/ trader). The odds are strong for good news prior to the official earnings release in April.

I thought about going short, with several stocks in mind, including Chipotle Mexican grill (CMG) but figured I historically do better with long positions. The market in general will be a huge influence during the contest. A down market will severely hurt my chances to win.

Recent Posts with RIMM highlighted:

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Filed Under: Blogs, Misc., Stocks

My Chat with Trader Interviews

February 20, 2008 by 9 Comments

Tim Bourquin from Trader Interviews is scheduled to interview me tonight via telephone. Several popular bloggers and many successful traders have been interviewed in the past so I am looking forward to the experience. Trader Interviews is produced by TNC New Media, Inc. TNC New Media produces online media, tradeshows and conferences worldwide for highly-targeted audiences.

I am assuming that the audio version of the interview will be available in the near future via their website and through iTunes (this is how I listen to their interviews; I download them to my iTouch via subscription).

Dave from StockTicker did an e-mail interview with me last March that you can view here. Not much has changed since then but everyone grows from year to year so I am anxious to see if I answer questions differently. Trading and investing is an evolving endeavor so I would not be surprised if my answers change over the years.

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Below is the script of questions and answers from my interview last year:

StockTickr: Tell us a little about yourself, Chris.

Chris: My name is Chris Perruna and I am 29 years old. I currently reside in New Jersey with my wife but was born and raised in NY (still my favorite place). I graduated college with a degree in Architectural Engineering and went to work for a historic preservation firm in Manhattan. I started as an intern with the firm while still in college and worked on several high end projects around the corner from Wall Street. It wasn’t until I was about to graduate that I knew I wanted to work on Wall Street and trade the markets professionally (rather than personally). I even signed up and took the trips to the exchanges each year through my university’s business school. I currently consult for a fortune 500 big builder as an architect (listed on the NYSE) and trend trade for capital appreciation. I am a trend trader looking for gains of 25% or more and losses no larger than 10% (preferably smaller). Understand that this 10% loss is calculated into a position sizing spreadsheet that only risks a maximum of 1% of total capital. My foundation is rooted in CANSLIM philosophies but I developed my system with detailed position sizing calculations and money management rules from Dr. Van Tharp.

StockTickr: What do you like to do outside of trading?

Chris: My hobbies include poker on a competitive level, a men’s flag football league in the fall and a softball league in the spring. It drives my wife nuts but I like to compete in most things I do so sports, poker and the market feed that craving. I also enjoy traveling, attending professional baseball and football games and dining at great restaurants. Del Frisco’s (NYC) gets the nod here!

StockTickr: How did you get started trading stocks?

Chris: I open my first brokerage account as a sophomore in college and have not stopped trading since. I first gained an interest in trading from my father who owned restaurants and traded heavily in the 1970’s and 1980’s. I still trend trade heavily based on his 200-day moving average plays. I started tracking stocks when I was a teenager but didn’t become “obsessed” until college. I started college when the 1990’s market was starting to really boom and I benefited greatly over the first couple of years – it was all luck, pure luck.

StockTickr: Most traders have a horror story about losing their shirt when they first started trading. What’s yours?

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Filed Under: Media, Misc.
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