11:40am (EST)
Two more trading days…
Folks, that is all we have left as the market winds down to a close for 2009. Actually, make that one more day or 8 more hours. We have a little over fours hours in today’s session and the market will close early on Thursday for New Year’s. We will be extra busy bringing you updates today and tomorrow as we have a number of positive trades that will either be closed to lock in profits or carried over into 2010 for tax purposes.
As far as the current market, the bulls are struggling to gain any momentum as the bears seem to be hanging around to ruin the party. The Dow is down 9 points to 10,536 while the S&P 500 is off by 2 to 1,124. The Nasdaq is lower by 6 to 2,282.
We had a chance to take a look at the Casino stocks this week up close and in person and they have been flat for a month. For instance, Las Vegas Sands (LVS, $15.04, down $0.25) has traded between $15-$16 after making a high of $20 in September. Yes, even a “mini-vacation” turns out to be work for us but it’s all good. We love our job!
We talked to a number of people in the casinos and in the restaurants. We talked to taxi cab drivers, boardwalk taxis (the ones on the bikes) and even the maids to see how business was doing. Oh yeah, there will be a trade for us in 2010…trust us.
Elsewhere, we got to check out Avatar in a REAL Imax (IMAX, $13.33, up $0.36) movie house and we are speechless. Maybe it is an omen…the stock is at another 52-week high today. Of course, that has meant good news for our current subscribers and those of you who have joined us in over the past few weeks.
As far as the trade updates, we are working on those now. We will be back shortly with another market update and a fresh outlook but we wanted to let you know we are back in town. We got back to the office at exactly 9:30am this morning after all night of traveling which is why we didn’t post at our usual 9:00am update this morning.
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The Boys Are back In Town
Tags: alternative investments, asset management, blog Wall Street, buying call options, buying put options, financial, financial investment, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, options, options expiration, options trade, options trading, options trading strategies, private equity, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strategies options, the Wall Street, trading, trading option, trading options, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management
This entry was posted on Wednesday, December 30th, 2009 at 11:44 AM and is filed under Company Commentary, Hot Stocks, Market Commentary, Watch Lists. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.