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Bulls Bounce Back, Futures Weak

Wednesday, April 17th, 2013

9:00am (EST)

The bulls have been weak on Monday’s and strong on Tuesday’s as they made it 14 in a row yesterday.  The recovery to prior support levels was encouraging for the major indexes but Gold continued its slide following a back test to $1,400.

The Dow zoomed 157 points, or 1.1%, to close at 14,756.  The close above 14,700 was reassuring and the high was 14,761.  Despite all the gloom and doom, the blue-chips are just 1% away from historic highs again.  The 14,600 level is still shaky support.

The S&P 500 added a double-deuce (22 points), or 1.4%, to settle at 1,574.57.  The bulls did clear the 1,575 level and the close was close enough for government work.  However, a dip below 1,560 or a close below 1,550 still needs to be watched as warning signs further weakness is ahead.

The Nasdaq jumped 48 points, or 1.5%, to finish at 3,264.  Tech was able to clear the 3,250 level again and reached 3,265 but the bulls will need to clear 3,275 on the close if they have ambitions on reaching 3,300 again.  If 3,250 fails again, the 3,200 level will likely come into play again.

The Russell 2000 popped a sweet 16, or 1.8%, to end at 923 and he close above 920 again was bullish.  Meanwhile, the S&P Volatility Index ($VIX, 13.96, down $3.31) fell nearly 20% and close back below 15.  A break below 13.50 would be bullish for a continuing rally.

We have added some possible new trades to the Watch List this morning as we get ready for our next batch of trades!  These option trades could become official recommendations at any time so stay ready.  If they do take action this morning, we will send out a Trade Alert.

As we head to press, futures looare showing another rough open:  Dow (-88); S&P 500 (-10), Nasdaq (-19).  Subscribers, check the Members Area for the updates.

Gold Gets a Pop

Tuesday, March 12th, 2013

12:30pm (EST)

We mentioned this morning the race to 1,600 was on and with today’s $14 jump to $1,592, Gold is closer to ringing the bell first than the S&P 500 is.

The recent trading sessions have been sluggish in the morning with strength coming in the afternoon and the indexes closing near their highs.

We aren’t sure if today’s action will turn out the same way because the drift lower feels like it could stick but we are expecting a higher week for the market.

Although we are close to adding new trades, we wanted to see how this morning’s open played out before taking new positions.  We also have 4 trades in the mix that will be closed by Friday – win, lose, or draw so we are also waiting for these trades to clear the books.

We will have 10 open positions in play afterwards with April and June expiration dates.   The April optIons have 38 days before expiration while the June options have 101 days before they expire.

The Dow is off 10 points to 14,437 while the S&P 500 is lower by 4 points to 1,551.  The Nasdaq is down 17 points to 3,235.

Subscribers, check the Members Area for the current trade updates and if we see an opportunity to add a new trade this afternoon, we will send out a Trade Alert.

Race to 1,600 On

Tuesday, March 12th, 2013

9:00am (EST)

There have been a few recent double-digit win streaks in the sporting world that has captivated the nation’s attention but the ones we like to watch involve the market.  While we hope not to jinx things, the S&P 500 is on a 7-session streak while the Dow is one behind at 6 following Monday’s pop to fresh highs.

We mentioned the action was slow at first as the bears tried to make some noise but the slight dip was bought as the indexes moved higher throughout the second half of trading.  Although the small-caps were a scratch as they just made it above the breakeven line before the close, all 4 major indexes finished higher to start the week for the second straight Monday.

The Dow gained 50 points, or 0.4%, to settle at 14,447.  The blue-chips traded up to 14,448 and are on track to push 14,500 this week.  Yesterday’s low was 14,373.

The S&P 500 added 5 points, or 0.3%, to end at 1,556 and at it high for the day.  The index tested 1,547 after the open but is now less than 10 points away from its October 2007 closing high of 1,564.  The intraday high for the S&P is 1,576.

The Nasdaq jumped over 8 points, or 0.3%, to close at 3,252.  Tech kissed a low of 3,233 but held 3,225 and the close above 3,250 was money.

The Russell 2000 struggled but gained a hundredth of a point, or 0.01, to finish at 942.51 while the S&P 500 Volatility Index ($VIX, 11.56, down 1.03) fell 8% to 52-week lows after closing below 12.

One question we have pondered over the past few weeks is when will the S&P 500 pass the price of Gold?  We aren’t sure on the exact date but we do expect it to happen over the next few weeks.

We mentioned this weekend we expect the index to trip 1,600 before a possible pullback but we aren’t so sure about Gold.  The yellow metal closed at $1,578/ ounce yesterday and is struggling to hold the $1,580 level.  We correctly predicted Gold’s back test to $1,550 in February but if resistance holds and there is another leg lower, there could be a test to $1,525-$1,475.

As we head to press, futures look like this:  Dow (xx); S&P 500 (xx); Nasdaq 100 (xx).

We may add 2 more New Trades this morning after the open so be on the lookout if we take action on the first two candidates on our Watch List.  Subscribers, check the Members Area for the updates.

Big Ben Goes All-In

Friday, September 14th, 2012

9:00am (EST)

The bulls were counting on the Federal Reserve to unleash another round of quantitative easing (QE) and got the hat trick after Ben Bernanke officially signed-off on QE3.  We said on Wednesday that The Bernanke needed to overpromise and wow Wall Street which he did.

The Fed said it would purchase $40 billion of mortgage-backed securities a month in an effort to improve the on again, off again recovery in housing.  The open-ended purchases were not expected because it means the Fed could continue this for a few years, until they are satisfied. 

Over $120 brillion in securities would be purchased by year-end which would bring the Fed’s “money creation”, or printing press, to over $3 trillion since they began the process 4 years ago.  Yet, unemployment has been above 8% the entire time.

The Dow zoomed 206 points, or 1.6%, to settle at 13,539.  The blue-chips reached a peak of 13,573 and easily challenged our next resistance zone of 13,500-13,600.  We have been saying since mid-August the Dow has a shot at 14,000 in September and yesterday’s Fed announcement could get us there.   

The S&P 500 jumped 23 points, or 1.6%, to finish at 1,460.  We have been calling for a print of 1,450 and yesterday’s high of 1,463 clears the way for a possible run to 1,500 this month.

The Nasdaq soared 41 points, or 1.3%, to end at 3,155.  Tech traded to a high of 3,167 and is now on track to test our 3,250 target for September.  The Russell 2000 was up 11 and closed at 856 while the S&P Volatility Index ($VIX, 14.05, down 1.75) dropped 11%.

Gold and silver surged as inflation fears sent the metals higher.  Gold added $35 to close at $1,769 an ounce after reaching $1,775 intraday while silver gained $1.31 to finish at $34.68/ ounce.

Here were our thoughts in the Weekly Wrap on Sunday and in our Daily on Monday morning:

“Gold was up another $35 on Friday and closed at $1,737/ ounce.  As you can see from our longer-term charts, our initial target on a rebound was $1,800 but given the velocity of the recent move, gold could trip $2,000 this year.

We said in July to add to your Silver positions at $26 by buying American Eagles.  If you do not know how to do this, email our support team.  We have been saying once $30 tripped, a quick push to $40 could come.  Silver was up another buck on Friday and closed at $33.68/ ounce” (End)

Silver is up 30% since our late-July prediction and we sure hope everyone was buying Silver Eagles like we suggested.

We may have another busy day but we don’t mind as we have closed some Monster winners this week (pun intended).  Futures are showing a higher open and look like this:  Dow (+32); S&P 500 (+4); Nasdaq 100 (+9). 

Subscribers, check the Members Area for the updates.

Bulls Looking to Keep Momentum

Monday, September 10th, 2012

9:00am (EST)

“We factored in a possible 1%-2% move for the market on Friday based on what Bernanke did or didn’t say and at one-point the indexes were up nearly 1.5%.  There was plenty of volatility at the open and once the fireworks began but the trend was higher after Big Ben said the Fed WILL print more money, we mean, provide more stimulus.

Here is the money sentence that gave the bulls the green light:

“Taking due account to the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.” (END)

The knee jerk reaction was expected but Big Ben basically checked the pot back to Mario Draghi which gave him two more weeks to see what Europe does.  The Fed and its members should be mum until they meet again on September 12 as there is technically a week-long blackout period ahead of the meeting. 

Draghi has cried wolf more times than we care to count and he will take center stage again on Thursday (September 6) as the European Central Bank (ECB) meets.  The market is expecting the ECB to announce some kind of bond-buying program but there is, believe it or not, a chance they delay an announcement until next week on September 12 which is when Germany is expected to vote on the European Stability Mechanism (ESM).     

To review, the ESM provides “financial assistance”, or bailouts, to the members of the eurozone who need financial aid.  We have mentioned all summer long Germany has grown tired of flipping the bills for the struggling counties like Greece and Spain and is expected to vote on the treaties that were established for the fund.  Back in July, a German court looked into the complaints of the constitutionality of the ESM and this vote could be crucial in if the euro gets saved or not.  If Germany does give the okay for the ESM to establish a permanent bailout fund, the markets should rally, but again, this news isn’t expected until next week although there has been a leak.  Germany’s Finance Minister, Wolfgang Schaeuble, has gone on record saying that he does not see the Constitutional Court blocking the established treaties so Draghi could be safe if he gives the market something to nibble on.

The Dow Transportation Average showed signs of life on Friday and will need to break out of its downtrend if the bulls expect to test new highs.  The index trended lower all summer before the August bounce and pullback which is in danger of falling below the uptrend line.  A close below 4,950 on the Dow Transports could spell lights out for the bulls.  A close above 5,050 would be bullish. 

Commodities also made a nice move and we mentioned midweek gold and silver were on the verge of breaking out:

 

This week has the potential to be bullish as the charts favor the bulls.  The Tuesday after Labor Day is usually bullish and it is the first trading day of the month.  With the suit-and-ties coming off their August vacations, they will be anxious, or forced, to buy stocks if the market gets off to a strong start and the rally resumes.  

There are several U.S. economic reports slated for the week with Friday’s Nonfarm Payroll report and Unemployment numbers which could help or hinder any momentum.  This week’s headlines will likely get the market back at resistance or short-term support.  This means the indexes would again be at crucial levels heading into the following week which will also be packed with Tech news.” (from 9/3/2012 Weekly Wrap/ Monday Morning Outlook)…

The bulls made a run at new highs after the European Central Bank (ECB) promised unlimited QE (Quantitative Easing) by targeting bonds of the struggling nations in the eurozone.  Mario Draghi, president of the ECB, delivered exactly what the markets around the world wanted to here. 

Friday’s unemployment news was a disaster but the market inched higher as Wall Street now expects The Bernanke to spring into action as soon as this week.  The bears are left with few options as they try to hold down the last layer of resistance and this week will be crucial with Germany voting on the constitutionality of the bailouts and the FOMC Rate Decision on tap. (continued…)

***********************************

If you are not a subscriber but would like to read more please click here.  We are one of the fastest growing stock options trading advisors on the internet and we are doing well for 2012.  We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and is 24-0.  Together, we are 123-37 (77% win rate) for both newsletters and we doubt you will find a hotter options trading service.  

Our Weekly Wrap Covered Call Portfolio is now 24-0 for 2012.  We were 16-0 in 2011.  Some of our sweet returns include +55% on SZYM, +27% on CLNE, +38% on VVUS, +19% on MGM, 18% on DNDN, and 20% on DAR.  Remember, if you can make 20% on just 5 trades, you will double your money.

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2013 Closed Trades:

    Here are our biggest recommendations for 2013 so far: +367 on REGN call options +173% on BGFV call options +140 on SCTY call options +178 on SNE call options +128% on SNE call options

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    576% on GMCR put options;
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Trader Comments:
    I just want you to know that I love the way you write and explain everything. I am new to this, and have lost 50% of my account until I met you guys. Iit is slowly coming back. I will be calling to set up a year of membership rather than the one quarter. Thanks again, and LOVE YOU ALL. REGINA L.

    Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help. STEVE T.

    Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide. SCOTT H.

    Rick & Team, GREAT Call on NKE for my two trading accounts:
    1) Entry at .65, out at 1.45, 1.55 Profit = $415
    2) Entry at .60, out at 1.75, 1.50 Profit = $485 PETER G.

    Hey Rick! Here is an update on what your picks have done in my accounts.

    1) Great call on the JoyG March 55. I bought when you said, then bought again on one of the dips. Booked 80+% profit. Made enough to pay for your service for years to come.

    2) Also booked profits on your Berk Feb 74 (80%) and threw a major chunk of change at the March 75’s (190+%). I would have never known that Buffet's stock had split if it weren’t for your service. Bought the shares also for the long haul. Won’t look at them for another 20 years. Great job on getting us in before the indexes did.

    3) Took profit on your Imax March 12.5. 20 cent trailing stop at 1.90 yesterday. Not sure what the profit on that was, but profit is profit.

    I see that you took a loss on some of these. It’s all good. I look to trade your “ideas” not your exact calls. I THANK YOU! For your ideas and commentary. Keep up the good work. And keep those ideas coming. LAWRENCE O.

    Loving this subscription so far! I got into the BRK feb 76 calls the day you talked about right before the split...now up over 300% (0.70 to 2.475)! Keep the good picks coming and let's see some OSIS and EMC upside soon! Just wanted to share my positive enthusiasm on your newsletter...it gives us individual investors great ideas on not only the options market, but also the broader equity market! Case in point is BRK...I can't always read the breaking business news but its easy to read your twice daily updates on my smartphone...helped me get some BRK shares immediately after the split which I will hold for the long haul! Thanks again! C.J.

    Aloha Rick - Thank you so much for the great CL pick. I am not sure if there was buy-out/merger news or what but at 3PM today Colgate-Palmolive absolutely EXPLODED to the upside, and my calls turned into green candy when they went from 1.40 to 3.8 in a matter of seconds! I even sold a few for over 4.0! Much thanks and keep the solid picks up my friend, honestly. Only a fool would scoff at 267% gains... Peace! SHAUN

    I like the fact that you ask for comments from subscribers. Good customer service. By the way, am enjoying the service so far. Some good profitable calls. Keep up the good work. MICHAEL K.

    Woo hoo! Out for 50% on WMT this am. Making up for my depression for getting out of pcln for a 30% gain monday :( you the man! any word on the manual? My friend Mike ( who I sent to your service) told me he emailed you about your integrity in reporting fills. I echo that sentiment big time.. keep it up! Cheers!
    PARAG P.

    Hi Rick, as a new member all I can say is, 'show off' LOL, with PCLN. JAY P.

    Rick, I am a new subscriber to your service, and I want to say I am impressed. I am impressed by your results, but more than that I am impressed by your reporting of your fills. You could have easily said you got that Wal-Mart call today for 80 cents, instead you reported 98 cents! Good job and keep it up, I watched the reporting of the fills first, and then I subscribed. Thank You. MIKE

    Hi, good morning. I jumped the gun a little on this one (PCLN). But still made $1,675.00 profit!! Very happy!! Keep up the good work!! Thanks. TRISH D.

    Hi there, I have joined recently, and I am very happy to tell you that I am up over $10,000 on your picks in a month. I started on 10/7 with the Intel pick. I'll be your member for life. Please don't quit on us. Also, I am learning a lot about options. I didn’t get in your recent APOL and that gold trade and only had one loss on CHK. I appreciate all the DD you do. I enjoy your market commentaries. Best advice site period, and I have tried a few here and there. Again, you guys rock! MIN L.

    Thanks be to Momentum Options Trading for providing me with some fantastic wins. I just started with this service and am up nearly 50% in less than a month. There have been losses, but if I manage them properly, I will continue the best efforts given on the blog (in which there are no complaints). What a great cause for humanity. I feel more confident about my trades and continue to play the wins. Best of all, I am now keeping my regular paychecks in the bank! Thank you! JOE G.

    Rick - I wanted to say thanks for getting me started on the right foot with your service. I have made six trades since starting on October 22, 2009. Five are winners and One loser netting me $6,245. Thanks again and keep the trade recommendations coming. GREG F.

    I got into the Nike 60 Call at 1.85, sold at 5.00, also bought a 55 put at 1.05, but got stopped out at .35. What a ride! $2830.00 in the black even with the put. It's right at 100% return. I hope earnings season coming up is going to look like this trade. NOEL

    Nice call on Nike. I think I'll go buy a pair with my profits! : ) I did the straddle for safety but still made 62% on the trade. Not bad for less than 24 hours. If Goldman is right, then the Nov 70s or 75's could be a steal today. TODD F.

    What a sweet way to get introduced to Momentum. My first trade based on your picks and it a 2X. Thank you! PAUL H.

    “Limit order was set at 1.60 on RIMM so it sold. I may have left some money on the table but you can't go broke making a profit. That was a fun trade. Thank you. Good call. I’ve been watching and trading Rick's advice since March. It’s usually a fun ride, but I give him heck when it's wrong to. :) ” NOEL

    “Your service rocks! I made bank on Dendreon last week! The other thing I have to say is that it took me quite a while to find a REAL options trading service like yours. Most of what’s out there is 99% scam and very sketchy. Momentum Options Trading is the first service I found that I can trust and seriously make money with.” CHRISTIAN

    “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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