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Thursday, December 24th, 2009
2:00pm (EST)
Wall Street closed early today and the bulls left us with more presents. The market finished at new highs for the year as Tech led the way once again. The Dow moved higher by 53 points and settled at 10,520 while the Nasdaq bolted higher by 16 points and closed at 2,285. The S&P 500 also closed at new highs for 2009 and is resting at 1,126 (up 6 points for the day) as we get ready for the holidays.
Volume was light as you would expect in a shortened session and has been over the past few weeks but we told you the market would probably have a good week.
One stock that got some extra Christmas love was A123 Systems (AONE, $21.02, up $1.69). The stock rallied nearly 10% on no real news and we were hoping that we would close above $20 today. We got that and then some.
Meanwhile, First Solar (FSLR, $133.80, up $1.22) bounced back after a rough week and looks like it could easily move 10 points up or down next week. We are still watching for a safe entry point but there are too many headwinds facing us with this one.
Research In Motion (RIMM, $66.92, down $0.69) continues to look like it wants to cry “Uncle” and we think shares are poised for a steep drop. It may or may not happen but we are watching for a break below $65 which could take shares back down to the $57-$58 level. If we break below that, it gets nasty.
We wanted to update the current trades before we head out and they are ready in the Members Area. We also wanted to wish each and every one of you a very, Merry Christmas.
We will be back Sunday night with the Weekly Wrap.
Tags: A123 Systems, alternative investments, asset management, blog Wall Street, buying call options, buying put options, call option trading, chicken option trades, Covered Calls, financial, financial investment, First Solar, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, momentum stock option trading, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, option trade picks, option trading online, options, options blog, options expiration, options mentoring, options newsletters, options track record, options trade, options trading, options trading strategies, private equity, put option trading, Research In Motion email outage, Rick Rouse, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trade pick service, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strangle option trades, strategies options, support and resistance levels, the Wall Street, trading, trading option, trading options, triple-digit option trades, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management Posted in Hot Stocks | Comments Off
Thursday, December 17th, 2009
10:35am (EST)
Folks, we wanted to give you a quick update on a couple of our positions. We all know it has been a tough market to trade and no matter how much homework we do, we are still at the mercy of the market. However, if your research is solid, the returns will come.
Two trades we wanted to update are A123 Systems (AONE, $20.05, up $1.73) and General Mills (GIS, $69.46, up $1.47). Current subscribers, check you inbox for the Newsflash or the Members Area for the trade updates.
Tags: A123 Systems, call option trading, chicken option trades, Covered Calls, General Mills, momentum stock option trading, option trade picks, option trading online, options blog, options mentoring, options newsletters, options track record, put option trading, Rick Rouse, stock option trade pick service, straddle option trades, strangle option trades, support and resistance levels, triple-digit option trades Posted in Hot Stocks, Option Trades | Comments Off
Wednesday, November 25th, 2009
9:00am (EST)
To quote a famous football coach of the Green Bay Packers back in the day…
“What the hell is going on around here?”…
We did a big write-up on A123 Systems (AONE, $17.09, up $2.56) yesterday at 12:45pm when the stock was at $14.75 and shortly after 1pm the stock started soaring. There was no specific news so we are not sure of why the shares surged 17% after we profiled the company.
We did NOT list any call options but if you looked up the stock quote shortly after our update then please email us and say you were able to get into the December 17.50 calls (ZKQLW, $0.95, up $0.80) at lower prices.
Folks, these call options OPENED at 20 cents and traded to a low of 15 cents before ZOOMING over 500% yesterday! The option activity was brisk as nearly 5,000 contracts traded hands. Incredible.
We wish we could take credit for the trade and maybe it was our loyal readers who started to take positions but again, we didn’t list these options as a trade. The only “catalyst” out there could be the news that U.S. electric sports car maker Tesla Motors plans to go public soon.
In any event, we were thisclose to hitting a homerun this week but keep an eye on these call options. We still don’t know where they will end up but consider it a free trade if it does well from here (sly grin). If the stock falls back to $14 then maybe we ”strangle” it with an option trade to capture the volatility for some nice profits.
We have been trying to catch A123 but the price action is hard to predict given the shares have only been trading for a few months. The company’s stock climbed to nearly $20 on the first day of trading (September 24th), a 45% increase from its IPO price of $14. Two weeks later, it made a high of $28.20.
These are the types of stocks we LOVE to trade but we have to be careful with the swings.
Breaking economic news…
Weekly Jobless claims dropped 35,000 for the week ending 11/21 to 466,000, October personal income was up 0.2% and personal spending was up 0.7%. One negative was the durable goods order which came in at -0.6%.
Futures were already higher before the rash of economic news and held up strong following the reports. Dow futures are currently up 63 points to 10,468 while the S&P 500 futures are up 7 to 1,110. Nasdaq 100 futures are up 10 1,796.
We do profile a NEW TRADE this morning and we like its potential for a double. The trade is a play on the housing sector. Current subscribers, please check the Members Area NOW for the trade updates as well…
Tags: A123 Systems, American International Group, Apple, momentum stock option trading, Moody’s, Netflix, option trading online, option trading picks, options mentoring, options newsletters, options track record, support and resistance levels, triple-digit option trades Posted in Company Commentary, Hot Stocks, Market Analysis, Option Trades | Comments Off
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A123 Systems Jumps 17%
Wednesday, November 25th, 2009
9:00am (EST)
To quote a famous football coach of the Green Bay Packers back in the day…
“What the hell is going on around here?”…
We did a big write-up on A123 Systems (AONE, $17.09, up $2.56) yesterday at 12:45pm when the stock was at $14.75 and shortly after 1pm the stock started soaring. There was no specific news so we are not sure of why the shares surged 17% after we profiled the company.
We did NOT list any call options but if you looked up the stock quote shortly after our update then please email us and say you were able to get into the December 17.50 calls (ZKQLW, $0.95, up $0.80) at lower prices.
Folks, these call options OPENED at 20 cents and traded to a low of 15 cents before ZOOMING over 500% yesterday! The option activity was brisk as nearly 5,000 contracts traded hands. Incredible.
We wish we could take credit for the trade and maybe it was our loyal readers who started to take positions but again, we didn’t list these options as a trade. The only “catalyst” out there could be the news that U.S. electric sports car maker Tesla Motors plans to go public soon.
In any event, we were thisclose to hitting a homerun this week but keep an eye on these call options. We still don’t know where they will end up but consider it a free trade if it does well from here (sly grin). If the stock falls back to $14 then maybe we ”strangle” it with an option trade to capture the volatility for some nice profits.
We have been trying to catch A123 but the price action is hard to predict given the shares have only been trading for a few months. The company’s stock climbed to nearly $20 on the first day of trading (September 24th), a 45% increase from its IPO price of $14. Two weeks later, it made a high of $28.20.
These are the types of stocks we LOVE to trade but we have to be careful with the swings.
Breaking economic news…
Weekly Jobless claims dropped 35,000 for the week ending 11/21 to 466,000, October personal income was up 0.2% and personal spending was up 0.7%. One negative was the durable goods order which came in at -0.6%.
Futures were already higher before the rash of economic news and held up strong following the reports. Dow futures are currently up 63 points to 10,468 while the S&P 500 futures are up 7 to 1,110. Nasdaq 100 futures are up 10 1,796.
We do profile a NEW TRADE this morning and we like its potential for a double. The trade is a play on the housing sector. Current subscribers, please check the Members Area NOW for the trade updates as well…
Tags: A123 Systems, American International Group, Apple, momentum stock option trading, Moody’s, Netflix, option trading online, option trading picks, options mentoring, options newsletters, options track record, support and resistance levels, triple-digit option trades
Posted in Company Commentary, Hot Stocks, Market Analysis, Option Trades | Comments Off