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Archive for the ‘Google’ Category

Best Buy Options Zoom Nearly 500%

Thursday, April 4th, 2013

12:55pm (EST)

The sentiment towards shares of Best Buy (BBY, $24.44, up $2.79) seems to change like the wind but the stock is getting a big lift today following news they will be showcasing Samsung’s products in their stores.  The store-inside-a-store hasn’t worked for JC Penney (JCP, $14.51, up $0.08) as shares have hit a fresh 52-week low of $14.10 this morning but Wall Street likes this announcement.

We were a little puzzled yesterday when we saw one brokerage firm raise their price target for best Buy from $21 to $36 yesterday and maintained their Buy rating.  Shares closed at $21.65 on Wednesday so the upgrade represented a 60% return from current levels.  This was a really nice call but we weren’t sure how they were pricing in such a big move.

There does seem to be a turnaround in place with Best Buy’s new management team and margins are improving but the shorts are shocked by today’s 12% pop.  We have been watching the April 23 calls (BBY130420C00023000, $1.80, up $1.50) today after they opened at 30 cents but we had no idea they would zoom 500% or we would have tossed some bait out.

The bigger news today could be Facebook’s (FB, $26.58, up $0.33) announcement and while we doubt shares will make a double-digit move they could do well if Wall Street’s likes the company’s new mobile partnership.  The devil will be in the details but we are looking for further upside movement as we are long call options.  Of course, there could be a sell the news event if analysts yawn at their plans but we like shares at these levels and believe they are undervalued.

If we could pipe-in and say one thing, Facebook should bite the bullet and buy Research In Motion, or Blackberry (BBRY, $15.09, up $0.06) as they are now called.  This may or may not help tilt the scales in competing with Google (GOOG, $793.47, down $12.73) but they would have an in-house manufacturer of phones with a solid subscriber base.

The back-and-forth action continues as the market is working on its 10th-straight session of up one day, down the next.  The bears are looking for a 2-session win streak but the bulls are fighting back as we await tomorrow’s Nonfarm Payroll report.  It would only make sense that the market is mixed as we head into the second half of trading.

The Dow is up a 6-pack to 14,556 while the S&P 500 is higher by 2 points to 1,556.  The Nasdaq is lower by 5 points to 3,213 while the Russell 2000 is up a half-point to 919.  The bulls would like to clear 920 into the close.

We have more to talk about with our current trades so we have to roll but tomorrow promises to be exciting!  Subscribers, check the Members Area for the updates.

Wall Street Should Thank Santa, Not the Zombies

Wednesday, January 2nd, 2013

12:30pm (EST)

When figuring out where the market or a stock will be or won’t be over a certain time frame, we like to use fundamental analysis and technical analysis for determining which direction they may go but it is also important to use sentiment, momentum, rumors, headlines, and a host of other factors.  No “system” is perfect which is why we DON’T have one and rely on our 25 years of market experience to help us make our trades.  We also like to use stock market history, the VIX, metal prices, currency prices, world markets, and hours and hours of daily research to predict where the market or a stock is headed over the next few weeks, months and for the year.  With these things constantly changing, it is important to watch everything when it comes to investing in the market.  

That being said, we wanted to check the “Santa Claus Rally” that didn’t officially start until AFTER Christmas and runs the last 5 days of the year and the first 2 trading sessions of the New Year.  Every year, the talking heads and many of the Wall Street pros will predict a Santa rally BEFORE Christmas before they take the rest of the year off.  We reminded you again in mid-December that Santa comes after Christmas when it comes to the market.     

Believe it or not, the Santa rallies have averaged 1.5% over this time frame for the last 60 years when the market moves higher.  If the market moves lower, then it can be a warning sign for an upcoming bear market.  The Dow started at 13,138 on the day after Christmas and the S&P 500 was at 1,426.  The Nasdaq was at 3,012 while the Russell stood at 844.  We will check these numbers over the weekend to see how the indexes performed as the Santa rally ends tomorrow on the close.

Today is also the start of the first five days of January that is often a good tell on market direction for the month and year.  We will talk about all of these forces this weekend with our typical chart work as the bulls push the top of the trading range. 

It is always a little risky buying a breakout but our portfolio was light as we came into the year and the 2 trades we took this morning are on stocks we have followed for years.  These plays are longer-term positions based on a rebound in one sector that has not participated in the year-long rally and on another stock we strongly feel could be gobbled up by Google (GOOG, $720.85, up $13.47).

We do have open trades for our Weekly Wrap, including our Bank of America (BAC, $12.00, up $0.39) recommendation that is now up over 20%. 

We started loading up on BAC in December 2011 at $5.36 a share and we have made 20%, 26%, 6% and now we are up 20% on our covered calls.  We have a price target of $15 for BAC at some point in 2013 but that may be conservative.

The resistance targets we gave you this morning are sticking like glue:  Dow 13,350; S&P 1,450 and Nasdaq 3,100.  We could see some fluff and a push to new 52-week highs as we enter the start of earnings season next week but it will be important for the bulls to show some follow though over the next few days.

As we head to press, the Dow is up 226 points to 13,330 while the S&P 500 is higher by 24 points to 1,450.  The Nasdaq is zooming 66 points to 3,085 and has traded to a peak of 3,103.

Subscribers, check the Members Area for the updates and we will be back in the morning with a full report.

Special Notice:  We have extended the deal on our 1-year membership for one more day as we realize many of you are getting back from the holidays.  If you don’t have the code, look on the website from Monday’s update or email our support team.  We have a video coming out this weekend for the trading course and the manuals will ship out in 2-3 weeks so hurry up before this offer ends!

Google (GOOG) Curveball Halts Rally

Friday, October 19th, 2012

9:00am (EST)

The bulls were on track for their fourth-straight win on Thursday and were pushing green before Wall Street got rocked.  Shares of Google (GOOG, $695.00, down $60.49) went into a tailspin just as we were sending our midday update after earnings were released before the close.  The reaction was swift as they missed estimates.  The bears pounced on the news to push session lows but the bulls recovered, somewhat, although the Tech sector still suffered.

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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 136-45 (75% win rate) for both newsletters and we doubt you will find a hotter options trading service.  

Here are some winners so far this year:  +576% on GMCR,+475% on AXP,+462% on ARNA,+292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125%and a slew of others.

Apple (AAPL) Hits Fresh All-Time Highs

Monday, August 27th, 2012

12:25pm (EST)

To no surprise, the market has traded in a tight range with both the bulls and bears getting a little piece of the action. 

Economic news has been light although there was a regional report worth mentioning.  The Texas Manufacturing Survey came in at -1.6 for August which was a huge improvement from July’s reading of -13.2.  

As far as story stocks, Tiffany & Company (TIF, $62.60, up $4.10) missed earnings by a penny and cut full-year guidance but shares are up.  Tiffany reported a profit of $91.8 million, or $0.72 a share, versus $90 million, or $0.69 a share, in the year-earlier period.  As far as its outlook, the company gave a 2012 profit range of $3.55-$3.70 a share versus prior estimates of $3.70-$3.80 a share.  Despite the lowered guidance and slightly worse-than-expected results, the stock is up 7%.

Apple (AAPL, $677.17, up $13.95) is popping 2% higher and hit an all-time high of $682 share shortly after the open.  We mentioned the news from Friday night the company won its patent litigation case against Samsung and it was a huge win along with the $1 billion in settlement charges.  Google (GOOG, $668.88, down $9.75) shares are trading lower as worries arise on what impact this could have on its Android phones. 

Google, along with others, may have to come up with a “work around” plan as it tweaks or deletes certain features in new devices that may threaten Apple’s existing patents.

Samsung, which trades in the Asian markets, lost $12 billion in market cap, as shares were punished overseas. 

We’ve got a little action happening with our current trades which are showing some nice gains so we have to roll so we can update our subscribers.

As we head to press, the Dow is up a dozen points to 13,170 while the S&P 500 is higher by 4 points to 1,415.  The Nasdaq is advancing 10 points to 3,079.

Subscribers, check the Members Area for the updates.

Recent Monday’s Favors Bears but Bulls Are Rolling

Monday, August 20th, 2012

9:00am (EST)

“The charts are still showing mixed signals with the Dow and Russell 2000 pinned under their middle uptrend channels while the S&P 500 and the Nasdaq are showing some strength.  The VIX appears to be headed lower but volatility is at historic levels that often signal a reversal. 

Earnings are starting to wind down with nearly 450 of the 500 S&P companies having confessed.  The numbers are showing nearly 70% of them have beat earnings but we are more interested in how many companies missed on revenue and lowered guidance.     

The tight trading range is normal during the summer doldrums and the test at this next level of resistance has come on very low volume.  There were no convictions on any of the pops higher throughout the week as you can also see in the charts.  Wall Street is bracing for the Fed and Europe (and now China) to do something by the end of the month. 

While this week is options expiration, which usually brings added volatility, it wouldn’t surprise us if the market stayed range bound near the top for another week or two and pushed new highs.  Economic news this week has the potential to move the market 2%-3% which would get the indexes near their peaks for the year or back to near-term support which we have outlined.

Again, we can be bullish if we need to be but we are still expecting a trading range that could produce a test to the 2012 highs or a slight pullback to support which was prior resistance – until the Fed or Europe makes a move.” (from 8/12/2012 Weekly Wrap/ Monday Morning Outlook)…

The bulls continued their winning ways as the market moved higher for the sixth-straight week and cleared another layer of resistance.  The major indexes are within spitting distance of reaching new highs while the bears wait patiently for the end of the month to arrive. 

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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 offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter.  Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.  Together, we are 112-36 for 2012 which is a 76% win rate.

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    The portfolios can be found in the Members Area as well as past portfolios from 2008-2011. Overall, we are 621-273 on nearly 900 real-time recommendations that equals a success rate of 70%. This means, on average, 7-out-of-10 of our option trade recommendations make you money and we hope to have an even better success rate for 2013.

    If you are missing these juicy profits, come give us a try. Get your password to our Members Area instantly when you sign up TODAY! One profitable trade will easily pay for your membership. You can request our 2008-2012 Track Records by sending us an email or filling out the box below.

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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