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Flat Action Ahead of Bernanke/ New Trade!!!

Monday, July 15th, 2013

12:00pm (EST)

Futures were pointing towards a slightly higher open throughout the night after China’s GDP (Gross Domestic Product) met expectations after coming in at 7.5%.  It remains to be seen if this is their “real” number but all signs are pointing towards a slowing China in the coming months and with GDP numbers coming down for China, this will be a bigger story in the back half of the year if there is some fudging going on.

Earnings are also coming in ahead of expectations to start the week as Citigroup (C, $51.19, up $0.38) beat the Street that has led to some continued strength in the Financials, for the most part.  The company reported earnings of $1.25 a share on revenue of $20 billion versus the suit-and-ties calls for $1.18 a share on $19.8 billion in revs.  Goldman Sachs (GS, $161.44, up $1.33) will report their numbers on Tuesday and could challenge 52-week highs north of $168 on a good quarter.

Despite the bevy of good news, there has been some weakness with Retail Sales coming in softer-than-expected and for Ben Speak on Wednesday and Thursday.  Fed Chairman, Ben Bernanke, will testify before the zombies but we doubt he will say anything to shake the market following his most recent, dovish, QE (quantitative easing) comments.  The Fed Beige Book is also due out on Wednesday.

We don’t mind the flat action because we have a number of current trades that are showing nice pops today.  We also have a New Trade we are adding so let’s get on it.

As we head to press, the Dow is up 15 points to 15,479 while the S&P 500 is higher by 2 points to 1,682.  The Nasdaq is advancing 5 points to 3,605.

Subscribers, check the Members Area for the updates and New Trade!

Special Offer Membership and Chance to Win an iPad

Friday, December 7th, 2012

12:05pm (EST)

We love Christmas time as it is our favorite holiday of the year.  It is nice to receive cards, letters, and gifts but it is more about caring.  Our subscribers mean a lot to us and every year we offer a huge discount on yearly memberships because we want you to learn how the market works and we want you to find your own trades.  More importantly, we want you to make money.  There is no bigger thrill once you learn to trade options and find your own trade that returns you 500% in a matter of days or hours.

We are a high risk/ high reward option investment Daily newsletter and we also offer “safer” option and stock trades through our Weekly Wrap newsletter.  The Daily newsletter targets triple-digit returns for every trade and offers 2-3 trades a week, depending on market conditions.  We have nearly 200 trades on the books this year and our Track Record is 122-54 for nearly a 70% win rate.  We have recommended over 30 triple-digit winners with gains up to 400%-500% and most trade recommendations range from 50%-80% returns.

For our Weekly Wrap, we are 26-0 on trade recommendations.  We were 16-0 in 2011 and we are 42-0 since inception.  Overall for 2012, our Track Record is 147-54 which is a 73% success rate.  This is by far, one of the best, if not the best, option trading services out there.  We have not had a losing year since we started the newsletter in 2008.

The cost for a 1-year membership is $924 for the Daily.  This is $77/ month and much less than the $97 or $129 monthly memberships.  The Weekly Wrap is also $924 for a 1-year deal.

We will be offering them BOTH for $924.  This is a 50% savings.

We also offer an option trading course, How to Trade Options on Momentum Stocks, that is valued at $895.  The course comes with bi-monthly videos and currently has dozens of videos on trade setups, how to find trades, and how to read charts.  The course is also shipped to you at no charge and you can read more here.

We are also doing two more special incentives.  One is we are offering an extra 20% discount through this weekend only that will lower the price to $740/ or around $60 a month for both publications.

We do this because we will be printing the new, updated option trading manual with more charts and tips, and we need to know how many we need to print and to keep our costs (and yours) as low as possible.  After this weekend, there will not be a 20% discount but you can still get both the Daily and Weekly Wrap for $924.

The iPad offer is this.  If you signup this weekend for the 1-year deal, you will be eligible to enter an educated guess on where the Dow will be on the last trading day of the year at the close on December 31, 2012.

We will take all entries by Sunday night by midnight (EST) and we will confirm them with each subscriber.  The one who comes the closest on the Dow, over or under, will win a brand new iPad.

Your prediction must list the Dow’s closing price with two decimal points.  In other words, if you believe the Dow will end at 13,600 – you will need to use 13,600.00.

The coupon code for the 20% discount and the special deal will end Sunday night.  You will need to click on the 1-year Daily subscription link and enter the code to get the discount.  You will need to email our support team no later than 11:59pm (EST), Sunday, December 9, 2012.  We will list the high and low predictions on Tuesday morning.

You can also call us if you have questions.

The special offer will run through December but in order to get the EXTRA 20% discount and the chance to win a beautiful, brand spanking new iPad, you must signup this weekend!

We cannot break these rules so please do not write and ask us on Monday if it is too late to get in.  It would not be fair to other subscribers.

The next video for our option course will be out soon and we will be covering a host of topics so make sure you get on board.  This is by far, the best deal we offer and it only comes along once a year.

Here is the coupon and please be sure to click the 1-year Daily membership.

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 Click here to go to our subscription page.

As we head to press, the Dow is up 31 points to 13,105 while the S&P 500 is lower by 2 points to 1,412.  The Nasdaq is off 17 points to 2,972.

Have a GREAT weekend everyone and we will be beack Monday Morning!

China Delivers More Bad News

Wednesday, August 11th, 2010

9:00am (EST)

The bears got a little leverage following Tuesday’s big Fed announcement but the bulls also got a lift when the Federal Reserve left interest rates unchanged.  Moreover, the FOMC also indicated they would reinvest principal payments from mortgage-backed securities to buy longer-term Treasuries.

In the end, the Fed met both sides in the middle but the market still succumbed to selling pressure.  The Fed maintained the target range for the federal funds rate at 0.0%-0.25% and said the pace of the economic recovery and employment has slowed in recent months than previously expected.  Duh.

The Central Bank will be spending up to $10 billion a month on 2-year and 10-years Treasuries but it won’t make much difference.

The Dow started the session with a triple-digit loss but recovered some and stabilized ahead of the Fed’s update.  The market then rallied for an hour before succumbing to selling pressure. 

The Dow ended Tuesday’s session with a double nickel loss (55 points, or 0.5%) and at one point was down nearly 150 points.  The low was 10,551 while the high was 10,700.  The Dow still faces resistance at 10,700-10,800 while support is at 10,400.

The S&P 500 fell 7 points, 0.6%, and closed at 1,121.  The index briefly dipped below its 200-day moving average (MA) after touching a low of 1,111.  The index almost made it into positive territory and traded to a high of 1,127, a level it continues to have trouble with.  There is still the possibility of a test up to 1,150 but the bears have 1,100 and 1,070 in their sites.

The Nasdaq fared the worst, giving up 29 points, or 1.2%, and finished at 2,277.  The index is also flirting with its 200-day MA and the weakness in Tech can be attributed to the drop in the Chip sector.

nadaq081110

Intel (INTC, $,19.82, down $0.83) fell 4%, Advanced Micro Devices (AMD, $6.83, down $0.59) tanked 8%, Applied Materials (AMD, $11.53, down $0.34) dropped 3% and Texas Instruments (TXN, $25.35, down $0.35) slipped 2%.  These four stocks make up nearly 60% of the Semiconductor HOLDRS (SMH, $27.19, down $0.98) which declined over 2%.

smh081110

This morning’s headlines are all about China.  To start, inflation is on the rise as China reported a 3.3% spike in consumer prices as the recent flooding caused a disruption in food supply.  Food costs spiked 7% which was a main reason for the jump.  The other bit of worrisome news was China’s producer price index (PPI) which grew 4.8% year-over-year in July but was 1.6% lower than June’s reading.

china

There are some other China tidbits worth noting but we are more interested in the open.  It is going to be ugly again today which is exactly what the doctor ordered for our current put option trades.

Dow futures are down 147 points to 10,471 while the S&P 500 futures are off by 18 points to 1,101.  The Nasdaq 100 futures are getting punished and are showing a decline of 28 points to 1,868. 

MomentumOptionsTrading.com Weekly Wrap for 8/8/10

Sunday, August 8th, 2010

9:45pm (EST)

1. Market Summary

2. Baidu Continues To Set New Highs

3. Arena Pharmaceuticals On Deck

4. Gold Back Over $1,200    

5. Week Ahead

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1. Market Summary

The bears were looking for a big payday on Friday after the market got the latest unemployment data.  As far as the specifics, July non-farm payrolls fell 131,000, versus estimates of a dip to 70,000.  Private payrolls also came in light as they increased by 71,000, compared with expectations of 100,000.  The unemployment rate came in unchanged at 9.5%.  The good news was the average hourly earnings increased by 0.2% and the average work week was 34.2 hours versus a forecast of 34.1 hours.

The news led to a nasty open as the market plunged 1% right off the bat.  However, the bulls held down the fort and immediately started defending the attack while nearly pushing the bears back to breakeven within the next half hour.  It didn’t end there.  The bears pushed even harder and took the market to new lows over the next hour and the bulls spent the rest of the session getting back on their feet. 

They did a pretty good job as the market basically ended flat for the day.  We mentioned last Thursday that the unemployment numbers could end up being a non-event as far as where the market closes on Friday but the volatility was intense both ways. 

The Dow ended Friday with a loss of 21 points and finished at 10,653 after being over 150 points down at one point.  The index traded to a low of 10,515 for the day but ended the week with a gain of 187 points, or 1.8%.  Resistance remains at 10,800 for the Dow and the high was 10,738 last week.  Short-term support will come in at 10,400-10,200. 

The S&P 500 slipped 4 points and finished at 1,121 after touching a low of 1,107.  For the week, the index added 20 points, or 1.8%, and reached a high of 1,128.  The S&P continues to battle the 1,125 level and there is still a chance 1,150 comes into play.  Support is at 1,100, then 1,070.  

The Nasdaq finished Friday with a 5 point loss to settle at 2,288 but tested it 200-day moving average when it kissed a low of 2,253.  Tech lagged as far as the weekly gain compared to the other indexes but still managed to tack on 34 points, or 1.5%.  Resistance remains 2,300 with an outside shot at 2,350 while support is at 2,250.

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2.  Baidu Continues To Set New Highs

Baidu (BIDU, $86.53, up $.96) has been roll recently and in a choppy market its performance hasn’t gone unnoticed.  The company is the leading Chinese search engine and its growth has been breathtaking to say the least.

The company recently projected 2010 revenues of $1.1 billion and in their most recently reported quarter they came in at $0.35 a share, compared with estimates for $0.31, on average.  Profit more than doubled from $56 million last year to over $123 million this year while revenue jumped from $161 million to $282 million. 

The 52-week range on the stock (split adjusted 10-1) is $31.65-$86.91 so times that by 10 to get a better picture.  The stock is up 110% so far this year and is trading at 63 times this year’s earnings and 40 times next year’s projected earnings.

The incredible performance of this stock has made it a favorite playground for the bulls and bears.  The bears hang their hat on a lofty P/E ratio and overvaluation while the bulls’ case revolves around a few key facts.

Google (GOOG, $500.22, down $7.88) is slowly being forced out of the largest potential internet market in the world as they try to “stare down” the Chinese government over censorship.  This has meant a huge opportunity for Baidu to solidify its dominance.

At the beginning of August, Google’s search had a global market share of 85% while Yahoo (YHOO, $14.34, up $0.18) is currently second at 6%.  Baidu and Microsoft’s (MSFT, $25.55, up $0.18) Bing are a little under 4% each. 

In the U.S., Google gets about 64% of the searches while Yahoo controls 18% and Microsoft 12%.  As you can see, Goog’s is still the dominate leader but Baidu’s share of Chinese search jumped to 70% last quarter while Google’s fell nearly 25%.  It’s something to keep an eye on going forward.

If we further compare the two companies, Baidu has a market cap of $30 billion.  Google’s is $160 billion but has hit an all-time high market cap of $185 billion.  Bulls use the argument that if you believe Baidu can be just half as valuable as Google is now, the stock doubles.

Bulls also point to the P/E ratio of 40 times next year’s earnings as not being all that unreasonable when the company is increasing revenues at a projected 55% rate (a PEG ratio of less than 1).  The past growth rate has been higher at 70%.

Analysts were caught off base when earnings came out and there have been a slew of upgrades.  Goldman Sachs (GS, $155.18, down $0.74) admitted they were wrong on Baidu’s earnings and raised their price target from $76 to $90.  Other analysts have piled on as well and the stock is rapidly approaching many of their price targets already.  As they are hit, we could easily see another round of upgrades or price target hikes if shares continue higher.

Although we are leery of Baidu’s lofty share price, we will go on record and say that shares have a shot at $100 if the Nasdaq sets new highs this year.

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3.  Arena Pharmaceuticals On Deck  

Arena Pharmaceuticals (ARNA, $7.16, up $.11) has been a volatile stock in the biotech space with a 52-week range of $2.70-$8.00.  The company has a lot riding on its obesity drug, Lorcaserin, and will look for it to capture real growth going forward. 

In its most recent quarter, the company reported a loss $29 million, or $0.28 a share, versus a loss of $38 million, or $0.48 a share, in the year ago period.  Through the first six months of 2010, the company is showing a loss of $60 million, or $0.60 a share.  They just sold $60 million worth of stock to Deerfield Management to shore up the balance sheet.

Arena faces a key decision on this drug on September 16, 2010 as a FDA Advisory Committee will vote on whether to approve Lorcaserin or not.

Vivus (VVUS, $5.30, up $.04) is the one stock we have followed closely when it comes to obesity drugs and the recent news for its Qnexa obesity drug was a huge disappointment.  Here is our excerpt from mid-July after the company got an unfavorable ruling (quotes from that day):

“Turning to Biotech, Vivus (VVUS, $12.11, flat) was halted all of yesterday as it awaited word on a panel’s recommendation concerning its drug Qnexa.  The news wasn’t good. The FDA’s advisory panel board voted 10-6 to reject the company’s obesity drug on safety concerns.  This was a bit of a shock to most experts because the drug does work.  However, the risks of depression, memory-loss and potential birth defects outweighed the rewards of getting people down to size.

This was tough for us to watch because we sat this one out although we are glad we did.  We brought you coverage on this stock at the beginning of 2009 when shares were around $5 and we have slowly watched them double for 18 months now.  We have also played call options on Vivus in the past but we decided to hang on the sidelines for this event due to the expensive nature of the options.

The news concerning Qnexa isn’t an official slam-dunk “no” because the FDA will still decide the drug’s fate sometime in October.  Vivus also said it expects to have more data from a longer study that could help its case for getting Qnexa approved but they are now probably losing the weight-loss race as two other companies also have obesity drugs waiting approval.

The talk was that Qnexa would gain approval but that there would be some negative votes.  In fact, one FDA official said he was surprised by the outcome.  Either way, shares are getting walloped as they are down $6.76, or 56%, to $5.35, in early action.” (END)

Shares of Vivus had climbed precipitously before the panel made its decision and were trading near $13 before the review.  Arena’s stock has done the same, rising from a recent low of $4 to a high of $8.  Analysts and investors believe Lorcaserin will have better luck than Qnexa because it has been shown to have a far better safety profile.

The reason these stocks are so volatile is the huge potential of a drug to combat obesity.  With 34% of Americans being classified as obese, and obesity related diseases such as diabetes on the rise, the market potential is huge.  We hate to say it, but lazy Americans don’t want to exercise, they want to take a pill and lose weight, and the company that gives them that opportunity is going to reap a huge reward.

We will keep you updated on the developments but it is looking like a strangle option trade might be in this works as we get closer to September.

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4.  Gold Back Over $1,200

Gold is a commodity metal that also serves as a store of value as it has few industrial uses. Over the last ten years gold has moved from $250 an ounce to a high of $1,257 in mid-June with the current price being $1,205 an ounce.  This represents roughly a 380% return over that time frame which has greatly outperformed all of the major U.S. equity indexes.  However, the inflation adjusted high for gold was actually $2,175 in 1980 when inflation was rampant.  What this means in theory is that if we return to a high inflation environment, gold has a lot more room to run.  Demand for gold comes in two forms basically, retail demand and investor demand, so let’s take a look at them.

Retail demand is really about jewelry and decorative uses, and the emerging middle classes in India and China have contributed to the rise in demand for gold over the last ten years.  This trend seems unlikely to abate as both of these economies continue to bring more people into the middle class and they choose to spend their affluence on gold items.

Investor demand is driven by how countries and banks view gold as a store of value and their views on inflation.  It is interesting to note that for the majority of the last ten years, as gold has risen in price, central banks have been net sellers of gold yet the price continued to climb.  This validates the rising retail demand we mentioned above.  However, this trend has reversed recently as currency instability, notably in the Euro, has caused central banks to begin buying gold.

This is important because banks typically would be buying gold if they felt that we were headed for serious inflation, yet, right now inflation is non-existent in the mature economies.  This means they are buying it as a currency hedge or replacement, which is a trend that bears watching.  If the Chinese or Saudis decide that they are less inclined to hold their foreign reserves in Euros or the dollar, the only other real viable alternative is gold at this point, and that seems to be where they are headed.

You can see why the combination of all these trends have many people believing a super spike in gold could happen within the next few years, particularly since the price is denominated in dollars.  With increasing retail demand, increasing investor demand, and an eventual fall in the dollar seemingly inevitable, they may be right.  As we noted above, we are well off the inflation adjusted high in gold, which only strengthens this argument.

The counter argument is that gold really has no value other than what we place on it since it really isn’t used in anything, and inflation is nowhere to be found.  Once this fear of financial instability recedes, investors will start selling gold and the price will go down but for now, the trend is still up.

The biggest holders of gold are believed to control about 20% of the gold supply, and these are central banks, international entities, and governments. The U.S. is far and away number one, with 8,965 tons in reserve.  The next five in order are Germany (3,754 tons), the International Monetary Fund (3,311 tons), Italy (2,701 tons), France (2,683 tons), and China (1,161 tons).  You can see why many people feel China will continue to add gold to its reserves since it represents such a small portion of their investments compared to other countries.

= = = = = = = = = = = = = = = 

5. Week Ahead

Second-quarter earnings reports will take center stage once again this week but the bulk of companies announcing are mostly done.  All of last week’s market gains came on Monday when the Dow surged over 200 points.  The indexes backpedaled for the remainder of the week but the bulls have been relentless on testing major resistance levels.

As earnings trickle in over the next few weeks, there are sure to be some surprises and disappointments but keep an eye on the weekly chain-store reports going forward.  These retail sales numbers will give clear signals about the health of the back-to-school season and the price wars have already begun.  This is the second busiest time of the year for retailers, besides Christmas, and they are counting on the consumer to spend as much as they can.

Another big event to watch for early in the week will be the Federal Reserve meeting.  The Fed meets Tuesday on interest-rate policy and there are reports that it is considering additional ways to pump cash into the financial system.

Another “stimulus package” could be around the corner but Americans will use it to pay bills or buy necessities.  The U.S. is just not creating jobs fast enough and we feel unemployment will get worse before it gets better.

Expect another busy, volatile week and we will be back in the morning at with a look at the companies reporting earnings and a fresh update on all of our current trades.

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    “I made $420.00 on ANF in 2 days. Thanks for the trade and updates on getting out of the trade.” JOHN

    “I did follow a lot of your trades with 1-2 contracts per trade and YTD I’m up 108%. I try not to follow blindly by not entering all of your trades and sometimes entering the ones you don’t. I entered AIG a few weeks ago against recommendation – that one hurt.” CHARLES M.

    “I have been following you for several months and am interested in the new service. I hate to see the free service go away but as they say, “all good things must come to an end”. My ability to join will be greatly influenced by the monthly fee so I’m very curious to see the new prices. Thanks for making April a great month for me and my family.” BRYAN C.

    “I have really enjoyed the past month since finding your blog. You have made some great calls. I would appreciate info. on the new options mentoring program. Thanks.” JOHN H.

    “Hi Rick, I have been following your blog for several months now and I would like to be including on the list for your new service and to receive more information about it. And yes I was a Dendreon winner with your tips. Turned $280 into $7700, and literally saved my butt.” JEFFREY

    “I made over 6k on your Dendreon trade, and I’m very interested in learning how you pick and trade options. Sign me up.” ED

    “Rick – Wow what a day! I got in at the Dendreon calls at $2.25. Thanks to for your advice. I appreciate that. This company has a lock on this type of therapy and no one else in the world is close. Kind of reminds me of the type of companies that Peter Lynch and Warren Buffet suggest that investments be made in. Companies that can build a moat around their business model, that allows them to charge a premium for their product or service. In other words - a monopoly.” GREG

    “Hi Rick, Thank you so much for the Dendreon trade, I made almost $10,000 with that trade with a little over $2,000 investment. You have shown me the power of options trading. Again, thank you so much for all your inputs.” KEN

    “Hi Rick, thanks for the encouragement to play the dendreon calls! did freaking great! Got in the first lot at $1.44 on 3-24-09, sold at $2.45, 70% not bad. Bought it back at $2.30 on 4-7-09 closed out on 4-14-09 for 454% gain! Wow! I love it when that happens. So, thanks the encouragement to get back in when others were saying sell, sell, sell. Keep up the good work.” GARETT

    “Rick – Thanks for Dendreon – it has made all the headlines today! I missed on RIMM earlier, but I’ve been holding onto DNDN calls since 3rd week March. Of course today it all paid off today, as DNDN rocketed up.” TERENCE

    Jan. 31 2012
    Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

    3/18/11
    Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

    2/3/12
    Hi Rick,

    I will start off with a thank you for your time and dedication to all
    the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

    Hi Rick,

    I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
    at finding winning trades. I have attached a copy of the trade from
    my brokerage screen.

    Hi Rick,

    Wow!! my account it up 70% since i joined last month and market is going the opposite direction. Really appreciate your service. I just wanted to drop a note to say THANK YOU. Hope to be with you guys for a very long time. Mel

    Rick,

    Great call on Fosl I bought the may 120 puts for 3.70 yesterday morning just sold for $32.00 today
    Keep up the great work
    Thank you, Henri

    Rick –

    I bought 10 Deckers Outdoor (DECK) May 55 puts at $0.50 on 4/26/12 and sold them on 4/27/12 for $1.65. I made $1150 in one day. Thanks. I knew something good would happen sooner or later.
    HOW THE HECK did you know Green Mountain Coffee (GMCR) was going to go down 20 points???!!!! I bought 10 of the May 35 puts at $0.49 and then 5 more at .30. I sold them at 5.80. Thank you again.
    You have made a believer out of me. Alan

    Rick –
    I have only been a member for about 6 weeks but I have done well on most of the trades. My first two were QQQ and SPY a month ago and since then I've gotten into the groove and been doing well.
    I try to execute the trades that you recommend as soon as you send them out, sometimes I can't and I miss the Entry price. However, sometimes when I miss the Entry, the price goes down and I get a better price.
    That's exactly what happened with GMCR.
    You recommended it at around $.81 I think, but by the time I got to it, the price was $.27. I bought 100 Puts on Wednesday May 2, 2012 and sold half of them 24 hours later at $5.95 for a nice 2,203% gain. As per your recommendation, as GMCR went above $30 I sold the remaining 50 Puts at $5.50 for a slightly less 2,037% gain.
    On average that one trade netted me a 2,120% gain, entirely based on YOUR recommendation (and a little bit of luck). To put this in real terms, I risked $2,700 on Wednesday and pocketed $54,550 just 24 hours later.
    So uhh, let's do that again real soon!!
    Feel free to use my name. The tax guys have me on speed-dial already anyway. Dennis

    Rick:
    That was awesome on your GMCR pick, I know how risky it can been holding into earnings but you pulled it off. 
    I just started my autotrading with you today and am in on your QQQ play. I look forward this service. 
    I have a busy career and I have tried to follow and trade throughout the day and found it too hard. I hope you continue to have a great year, I plan to go along for the ride. I am starting slow but will pile more in once I have secured some profits. 
    Keep up the good work your trading has been spot on. I am sure you paid your dues to get this point in your career. Anthony

    Rick:

    Great call on GMCR!  I have been trading for about 15 years actively.  This may be the best trade I ever made.  Got in on Monday, April 30 and the stock was up from when you recommended it.  It went up further after I got in.  Here are the facts:
    Monday, April 30th: Bought 15 June 37's at $1.25= $1900 approx
    Thursday, May 3rd: Sold 15 June 37's at $9.30=$13,950
    Gain for the week: $12,050.
    I understand you will not get them all right.  It’s important to ride those winners and as you could tell from my selling price, I sold when the stock went to $28.10, so left a little on the table.  Who can complain.
    Keep the suggestions coming, looking for another jump on your FSLR, one that I have been riding very hard.
    Best regards, Bob
      

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