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Bulls Stall at Resistance

Tuesday, February 11th, 2014

9:00am (EST)

We mentioned Monday could be flat as Wall Street waffled on what Fed Chair Janet Yellen might say today.  To no surprise, the indexes finished right at the resistance targets we outlined and bets will be made today on where the market heads from here. (continued…)

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Our 5 biggest winning recommendations in 2013:

+364% JC Penney (JCP) put options
+300% Solazyme (SZYM) call options
+263% Regeneron (REGN) call options
+201% Salesforce (CRM) call option
+206% Goodyear Tire call options

We had 27 triple-digit winners and 23 (50%+) on 217 trades.

Our 5 biggest winning recommendations in 2012:

+575% Green Mountain puts
+500% Taser call options
+475% American Express call options
+464% Arena call options
+292% Capital One calls
We had 31 triple-digit winners and 17 (70%+) on 199 trades

Our 5 biggest winning recommendations in 2011:
+1,167% Rambus option trade
+357% RIMM option play
+296% Freeport option trade
+19% O’Reilly
+184% Goldman Sachs
We had 21 triple-digit winners and 12 (70%+) on 154 trades

Our 5 biggest winning recommendations in 2010:
+525% Adobe call options
+297% Akamai Tech
+190% Nike call play
+177% Best Buy option trade
+150% Green Mountain
We had 19 triple-digit winners and 6 (70%+) on 115 trades

Our 5 biggest winning recommendations in 2009:
+1150% RIMM option play
+552% Google call options
+556% RIMM option trade
+567% Bank of America
+335% IBM call options
We had 79 triple-digit winners and 19 (70%+) on 238 trades

Our 5 biggest winning recommendations in 2008:
+1,057% Google call options
+867% AIG put options
+588% Budweiser takeover play
+400% Chipotle Mexican Grill
+347 Merck option play
We had 65 triple-digit winners and 13 (70%+) on 142 trades

We are off to a great start for 2014 (15-1) and we believe this year could be one of the most lucrative years ever to trade options as volatility will only increase.  The recent downtrend has investors worried but playing a market correction is the same as trading the market when it is rallying.

Our top winning recommendations in 2014 so far have been short of jaw-dropping to say the least:

+817% Galen Biopharma (GALE) call options
+183% Ariad Pharmaceuticals (ARIA) calls
+103% Aruba Networks call options

MomentumOptionsTrading.com is 15-1 for all of our stock option recommendations for 2014.  Enter your can email address to get a copy of our Track Records.

Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!

Tuesday, September 10th, 2013

12:10pm (EST)

Out with the old, in with the new.

The Dow Jones Industrial Average is made up of 30 stocks.  From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies.  Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of America (BAC, $14.63, up $0.15), and Hewlett-Packard (HPQ, $22.24, down $0.13) to the curb while the door opens for Goldman Sachs (GS, $164.23, up $4.74), Nike (NKE, $66.13, up $0.73) and Visa (V, $183.06, up $4.51).

The changes aren’t immediate but will take place after the close on September 20.  Since the Dow is a weighted index, Visa and Goldman Sachs will have the second and third highest weightings, respectively.  International Business Machines (IBM, $186.86, up $1.88) is still the biggest blue-chip and the changes push Caterpillar (CAT, $86.21, up $0.62) down to fourth.

We talked about IBM and CAT in the Weekly Wrap and in the Monday morning Daily.  We said to watch these 2 stocks, along with Apple (AAPL, $503.97, down $2.20) for clues of a further advance in the market.

We have another Profit Alert today and we wanted to stress the importance of chart work.  We know every trade cannot be a winner and we hate losing trades more than anything.  We strive to hit 70% or better on all of our trade recommendations that is a pretty hard success rate to achieve in options but we have done it consistently, in front of an audience, for 6 years now.

We had a trade that was down 64% coming into the month but we felt pretty good about our research and we said the bulls would rally to start September after a miserable August.  So far, so good.

The PowerShares QQQ’s (QQQ, $78.14, up $0.31) were pushing $75 coming into the month but our chart work was showing strong support at $75 and we said a rally past $78 up to $79-$80 could come.  This kept our emotions in-check and once we started to get the rebound last week, we had a good feeling we could be ringing the resister this week.

We took profits this morning and although the trade didn’t return 100% like we always target, we were able to cash in for a 21% gain.  Not bad for a month’s work.  We were in the options at 70 cents and they had traded down to a quarter before rebounding and hitting our limit price to close the trade as 85 cents this morning.  For those that bought at 25 cents, they made 200%.

We are still holding a few more call options (and a few put options) as we wait for the market’s next major trend to develop.  Remember, the recent gains have only pushed the top of the trading ranges with Tech breaking out so there are a few more confirmation signals that need to trigger before the bulls get the “all clear” sign.

We have also mentioned we are expecting a pullback to possibly start midweek but some of the dynamics are changing that appear to be bullish.  If Syria is willing to work with Russia to eliminate the chemical weapons then there is light at the end of the tunnel.  However, we have a hothead speaking tonight with a slippery tongue.

The possibility of less military action or no strike on Syria could be a game-changer and the Dow’s new buddies could provide a big lift to the index later this month as they are officially added.

The Dow is currently up 82 points to 15,145 while the S&P 500 is higher by 8 points to 1,679.  The Nasdaq is jumping 15 points to 3,722 while the Russell 2000 is advancing 5 points to 1,051 and has cleared 1,050.  This is very bullish.  The S&P 500 Volatility Index ($VIX, 14.79, down 0.84) is down 5% and is below 15.  Also bullish.

We could have New Trades this afternoon or tomorrow, depending how the headlines and the technical picture plays out so stay locked-and-loaded.  In the meantime, let’s go see where things are at with our current trades.

Subscribers, check the Members Area for the updates.

Bears Say Not so Fast

Friday, September 6th, 2013

1:05pm (EST)

Futures were slightly weak as we hit the rack last night ahead of the European open suggesting a lower open this morning but had recovered ahead of this morning’s Nonfarm Payroll report.  Wall Street certainly traded off the headlines as the Unemployment Rate dropped to 7.3% from 7.4% and that 169,000 jobs were added.  However, the devil is always in the details and after a closer look the bloom came off the rose.

The Numbers for June and July were revised lower to 172,000 and 104,000, respectively, from 188,000 and 162,000.  After a surge at the open, the indexes have broke down like a rented mule as the bears once again push support but have since recovered and are back in the green.

We mentioned last Friday that we expected this week to be bullish with a rebound possibly lasting into next week but today’s pullback and rebound needs to be watched carefully as there could be further weakness if the bulls can’t hold support into the close.

We have also been talking about the current 2-month trading range and how hard they are to trade.  Sometimes they can be frustrating but if you know where the tops and bottoms are at (support and resistance) then they become easier to trade.  One of the biggest factors in being successful during these trading ranges is to buy puts when the market is topping and to buy call options when the market is selling off.

At times, if you are short and the market appears to be on the verge of a breakout, you get nervous.  If you are long, and the market is at the bottom of its range with a correction seemingly on the horizon, you also get jittery.  These are natural reactions but it is important to trust your charts and time frames to keep your emotions in check.

We have started nibbling on put options because we have also said that after a possible push to the top of the trading ranges, another pullback could follow that could test the July and June lows.  Of course, charts cam change but that is the roadmap we are preparing for over the next 4-6 weeks.

We have done super swell trading the current range as we have played both call and put options since mid-July after trading call options for the majority of the year.  We have hit on 70% of our trades and our closed trades portfolio is showing an astounding gain of 160% coming into the week for the Daily.  We are one of the very, very few option newsletters that keep proven Track Records year-after-year and we are on pace for our sixth-straight profitable year.

We are also the only options newsletter that works every day the market is open and provides twice Daily updates along with Trade Alerts throughout the day, depending on market conditions.  We also have auto-trading partners that will trade YOUR account if you cannot follow us all day.  The execute new trades or take profits the second they get Trade Updates as they are copied on all of our newsletters so you will never miss a trade AND more importantly, you will be in ALL of our trades.

We have traded up and down markets that have included some tough trading ranges over the past 6 years.  We have recommended over 1,000 trades and we are close to a 70% win rate over the years.

Our point is that we get swamped with emails when the market gets volatile and from time-to-time we like to calm the storm but giving you sound advice to help keep your emotions in check.  We have added hundreds of new members over the last few months and we also like to remind new readers that it is important to read and study each Monday morning Daily update and every Sunday night update for the Weekly Wrap as the charts we show you are worth a thousand words.

The other technical indicators we use will also provide you targets on what could change the trend or keep the market in a trading range.

Today’s session has been very volatile and we mentioned it would be picking up as we headed into September.

The Dow has made a 200-point round trip and is currently up 16 points to 14,953 while the S&P is higher by 4 points to 1,659.  The Nasdaq is advancing 7 points to 3,665 and the Russell 2000 is gaining 3 points to 1,031.

We have been busy and long-winded today as we are doing some early homework and we have added a new Trade to our Weekly Wrap portfolio.  We continue to suggest new option traders and those of you that are newbies to stock and options to give the Weekly Wrap newsletter a try.  We profile one company a week and give you a fundamental and technical look at what could move the stock.  We also provide earnings updates and we have expanded our trading parameters as we are now recommending short positions and possible LEAP option trades.

The Weekly Wrap portfolio is 33-3 this year and 77-5 over a 3-year period.  We have doubled a $10,000 trading account by trading stocks and writing options.  You can request ALL of our Track Records for both our Daily and Weekly Wrap publications and remember that trading is for the long haul and why we want you to stay with us month in and month out.

We are here to give you a great education and like we have mentioned, September could be a month to remember!

We have some last minute updates before we kick back and watch the rest of today’s action and like we mentioned, we have already started our homework for next week.  We will be back Sunday night/ Monday morning so until then, have a great weekend everyone!

Fed Speak Propping Market

Thursday, June 27th, 2013

12:40pm (EST)

Our charts from last night were showing more upside potential following last week’s break out of the “symmetrical triangles” and the test to the 100-day MA’s (moving averages).  Strong moves out of these technical patterns to the upside or downside usually lead to back tests and that is what we are seeing following Monday’s bottom.

The technical view can be skewed by the news because the talking heads are praising the Fed Heads that have talked up the market by saying the Fed could add even more liquidity to pump up the markets, cough, we mean the economy.  While today’s comments have helped the bulls, the Fed believes it can control the market but in reality it can’t.  Last week’s violent pullback was no joke and shows how things can quickly get out of hand.

Today’s gains have pushed the indexes back into their prior trading ranges and we have been saying 2Q earnings will have a big impact on how the market trades for the rest of the summer.  A close above the 50-day MA’s this week would favor the bulls for a possible push to new highs in July.  The bears will need to hold the 50’s and keep the action near the bottom of the trading range in order to make another push at the 100-day MA’s again.

Tomorrow is month end for the market and the quarter end for companies.  We have seen volatility increase to 2-year highs and the bulls are looking for a hat trick if they can get another win today.  Friday should be interesting as the fireworks could start early with the indexes pulling off their highs as we head into the second half of trading.

The Dow is up 85 points to 14,995 while the S&P 500 is gaining 9 points to 1,612.  The Nasdaq is higher by 25 points to 3,401.  The Russell 2000 is up a 12-pack to 975.

We could have a Profit Alert later this afternoon for our Weekly Wrap on a trade that is up double-digits with the company reporting earnings tomorrow.  The newsletter is a “safer” way to play stocks and options and our goal is to return double-digit profits on a monthly basis.  While there is a chance to squeeze a little more juice out of the trade, we are weighing our options as there is another trade we like that takes the risk out of keeping the other trade open over the earnings announcement.

There are also some trades from our Daily Watch List but we are being careful not to open too many trades until there is a clear breakout or breakdown.  Getting caught in trading ranges can be frustrating and we identified the one that was coming in May for much of June.  Last week we predicted a major move in the indexes and the test to new lows.  We also said there could be a possible back test to previous support levels and we will use the charts to continue to help us navigate the choppy waters.  In the meantime, we will try to take profits when we can.

Subscribers, check the Members Area for the updates.

Terrific Tuesday’s Continue to Save Bulls

Tuesday, May 28th, 2013

11:50am (EST)

The market is enjoying its best –day gains since the beginning of the year as all of the major averages are showing strong gains.  We mentioned last week the suit-and-ties that decided to take an extended vacation could miss another ride to the upside and today’s start has them wanting to get back to work.

The super Tuesday is continuing as the indexes are showing strong gains of 1+% and have cleared near-term resistance following last week’s pullback.  There is a lot of rotation going on and the risk-on trade seems to be back in play following the worries over the Fed tapering but as you can see those fears have quickly vanished as investors play catch-up

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If you are not a subscriber but would like to get more, real-time trades, please click here.  We are one of the fastest growing stock options trading advisors on the internet.  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.

 

We are having an incredible 2013 as our CLOSED 2013 Track Record is now a sizzling 60-33 with a boatload of triple-digit winners.Some of our recent gains include +140% on the SolarCity (SCTY) May call options, +173% on Big Five Sporting Goods (BGFV) May call options, +263% on Regeneron Pharmaceuticals (REGN) May call options, +100% in Beam (BEAM) June call options. +206% on Goodyear Tire & Rubber (GT) June calls.

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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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