Trading Gone Mad

Made a whopping total of nine trades today. I found NutriSystem Inc.(NTRI) by doing a highest price/earnings stock screen over at MSN Money. NutriSystem has an incredibly high price/earnings of 98.54. I pocketed a nice profit of $4,885 by short selling on that one as the price fell 6.13% throughout the day.

For some funny reason over the weekend, I started thinking about investing in commodities futures. I had thought that I could capitalize on the beef fiasco and the troubles in Iran by playing with light sweet crude and cattle feed futures. Later in the day I realized that I really don't know very much about the fundamentals of trading commodities, so I quickly got myself out of those positions.

Wrigley's (WWY) fell again, to come very close to its 52-week low, closing at $64.39. I decided to buy up some more $65 March options, as well as some $65 February options. This stock has historically always traded at or near a price/earnings ratio of 30, and it is now trading with a price/earnings of 26.94. It's a bargain and will continue to be as long as it stays this low.

Finally, there's Equity Office Properties Trust (EOP), which is a real estate investment trust. I've chosen to short-sell this stock and hold onto it for a little while. The Federal Reserve will most likely raise the short term lending rates again this coming Monday by 25 basis points. With a price/earnings ratio of 249.84, this stock will definitely be volatile. Let's hope that the volatility trends towards a depreciating direction.