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Archive for the ‘Gold’ Category

Bulls Resting

Friday, September 11th, 2009

1:20pm (EST)

The market is trending lower today although the bulls were out early.  The Dow is currently down 49 points to 9,578 while the Nasdaq is off by 12 to 2,072.  The S&P 500 is lower by 5 points and stands at 1,039.  Although stocks are struggling, gold is back over $1,000 and has managed to make its way to a fresh high of $1,010/ ounce for the year.

FedEx (FDX, $77.26, up $4.60) is up 6% after raising its earnings forecast.  I had mentioned earlier in the week that this is “pre-earnings” announcement season and the company said it now expects to earn of $0.58/ share.  FedEx had previously predicted earnings of $0.30-$0.45/ share.  Wall Street had been looking for a profit of $0.44/ share.  Although international revenues are improving, the company is getting better numbers thru cost cutting.

I’ll be back Sunday night with the Weekly Wrap.  Oh, don’t forget to thank a Vet today and take 60 seconds to remember our lost brothers and sisters for 9/11….

Subscribers, please check the Members Area for a 1:20pm trade update!

Rick@MomentumOptionsTrading.com

Gold Breaks Four Figures

Tuesday, September 8th, 2009

9:10am (EST)

Gold has toped the $1,000 an ounce level this morning as it is up $11 to $1,007.  Futures are pointing towards a big open.  Dow futures are up 80 to 9,497, S&P 500 futures are up 10 to 1,024 while Nasdaq 100 futures are up 14 to 1,650.

Oil is up $3 to $70.95.

There is a lot of news out this morning.  General Electric (GE, $13.87) has a pre-market bid of $14.46 after getting an upgrade.  Apple (AAPL, $170.31) also got another upgrade and will be a stock to watch this week.

If my calculations are right, we should see at least a 50 point gain on the Dow at the open.  If so, we could quickly hit a triple-digit gain in the first 10 minutes.

Rick@MomentumOptionsTrading.com

Wednesday's Wake-Up Call

Wednesday, May 13th, 2009

9:15am (EST)

Here is a quick rundown of what we have going on:

Barrick Gold (ABX, $35.10, up $1.46)

May 30 calls (ABXEF, $5.10, up $1.40)

Entry Price: $1.35 (4/21/09)
Exit Price: $5.00 (5/12/09)
Return: 270%

We started closing out positions yesterday and most of you should have gotten at least $5 for the call options as Barrick Gold stayed long and strong all day. Again, the May option chain expires this Friday.

Blackstone Group (BX, $12.67, up $0.03)

May 10 calls (BXEB, $2.80, down $0.25)
Entry Price: $0.65 (3/25/09)
Exit Price: $2.75 (5/12/09)
Return: 323%

June 15 calls (BKFC, $0.50 up $0.05)
Entry Price: $0.60 (5/8/09)
Exit Price: open
Return: -17%

January 2010 10 calls (KJLAB, $4.00, down $0.20)
Entry Price: $1.75 (3/25/09)
Exit Price: open
Return: 129%

The May call options opened at $2.75 and hit a high of $2.90 yesterday when I suggested closing the trade. As far as the January and June options, should the stock fall below $12, close the June trade and half of the January trade if the call options fall below $3.50. The stop of $3.50 books the 100% return.

ExxonMobil (XOM, $70.82, up $1.55).

May 70 calls (XOMEN, $1.20, up $0.55)

Entry Price: $0.65 (5/11/09)
Exit Target: $1.30 or set stops at $1.00
Return: 85%

June 75 calls (XOMFO, $0.81, up $0.15)

Entry Price: $0.63 (5/11/09)
Exit Price: open
Return: 29%

If you got into the May options then you are playing with fire. I liked the June options because they bought us more time but I have gotten a few emails asking how how I think the May options can go. I would like to target $1.30 for them and maybe they get there today but when you get nearly a double, they should have been sold yesterday. If anything, set a stop of $1.00-$1.10 to protect your profits. As far as the June calls, we have plenty of time for this trade to gain even more momentum.

Oil is picking up steam as it climbed to nearly $60 a barrel this morning in Asia. The rise is due to an “unexpected” fall in U.S. crude inventories which I suggested were stable in the Weekly Wrap. With Memorial Day approaching, demand may be picking up.

The American Petroleum Institute commented that oil supplies fell 3.2 million barrels to 371 million last week. The fat cats on Wall Street had expected a gain of about 1.5 million barrels.

Wells Fargo (WFC, $25.70, down $0.83)

June 30 calls (FHUFD, $1.00, down $0.35)

June 23 puts (WFCRI, $1.45, up $0.20)

Entry Price: $1.20 for the calls and $1.30 for the puts

Wells Fargo was all over the map yesterday, trading as high as $27 and as low as $24. Just the type of action we like to see…

Rick Rouse
Rick@OptionsMentoring.com

Barrick Gold Takes Flight

Tuesday, May 12th, 2009

1:00pm (EST)

On April 21st, I mentioned Barrick Gold (ABX, $34.85, up $1.21) and how the safety of gold could be coming into play. I profiled a couple of gold trades at the time but I didn’t want to chase them because they were having a good day. But it was a sign of things to come.

Barrick Gold was trading for $29 that day but really started to pick up steam last week. I had mentioned the May 30 calls (ABXEF, $4.70, up $1.00) as a possible play and they were going for $1.35 at the time. When the call options fell back to $1.00, it provided another cheap out-of-the-money trade. Even if you jumped in at $1.35, the trade has been a monster.

The May option chain expire this Friday so if you are in the trade, start shutting it down. You want to close these options before they expire, otherwise, since they are deep in-the-money they may get exercised.

Rick Rouse
Rick@OptionsMentoring.com

Blog 500!

Thursday, February 19th, 2009

Well folks, its been nearly a year since we started the blog and today’s entry is my 500th. I guess that means one or two things. I talk too much or there has been a lot going on with the market. I guess you could say both but what is really cool about the blog is that in seconds, it can take you back to what the market was doing on whatever day you pick.

This information is so valuable and I refer to a lot of my notes by searching this site. If you ever want to get a quick history of anything I have written about, like Google (GOOG, $353.11, up $10.45) or any other stock that you might be researching, just type it in the “search” box. Want some cool Watch Lists to track certain sectors that have three or four of the top stocks in that industry? Just click on the “Watch Lists” link.

Want to relive the hard fall Merrill Lynch or Lehman Brothers took? Just type them in the “search” box. Wanna check how oil flowed from $40 to nearly $150? Yeah, you get the hint…

We started the blog to provide you with another resource to learn about options. I wanted to take this time to thank all of you who check in to keep up to date with the stock market or to read what I am rambling about. I’m working on some other cool stuff to make the blog more interesting and valuable. I’ve been researching everything I have blogged about and the option trades I have profiled and I’m putting everything together in a spreadsheet.

What you should know about the trades is that I like to trade options on stocks I know. You will see how we have played the same stock over and over, up and down, with options that have made triple-digit moves. Of course, the portfolios are for informational purposes but you should use them to your advantage. It only takes a little bit of money to make a lot of money in options. I’m working hard to get this information out by the end of the month.

Anyways, feel free to drop me a line and let me know your thoughts on the blog, options, or the market in general. I really want to hear from everyone who reads the blog even if it’s to say “Happy 500!”. Send me your ideas, thoughts, and questions and I will try to cover most of the topics in the future. I won’t be able to answer all of you back but I do try and respond to a lot of them and I do read all of your emails. Thanks everybody for making the blog a huge success!

Rick Rouse
Rick@OptionsMentoring.com

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2012 Closed Trades:
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73% winners
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Trader Comments:

    REGINA L.
    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.

    STEVE T.
    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.

    SCOTT H.
    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.

    PETER G.
    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

    LAWRENCE O.
    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.

    C.J.
    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!

    SHAUN
    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!

    MICHAEL K.
    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.

    PARAG P.
    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!

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

    MIKE
    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.

    TRISH D.
    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.

    MIN L.
    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!

    JOE G.
    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!

    GREG F.
    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.

    NOEL
    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.

    TODD F.
    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.

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

    NOEL
    “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. :) ”

    CHRISTIAN
    “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.”

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

    CHARLES M.
    “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.”

    BRYAN C.
    “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.”

    JOHN H.
    “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.”

    JEFFREY
    “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.”

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

    GREG
    “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.”

    KEN
    “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.”

    GARETT
    “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.”

    TERENCE
    “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.”

    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.

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