GE | Momentum Stock Options Trading Alerts and Option Picks Blog

Blogs Directory

EatonWeb Blog Directory

Finance Seek Directory

Google (GOOG) Rocks, Stock Drops

Friday, April 16th, 2010

9:05am (EST)

The bulls extended the major indexes winning streak to six following Thursday’s gains. However, judging by this morning’s futures, the bulls will have to dig out of a hole to make it seven in-a-row.

The Dow managed to squeeze a 22 point win and closed at 11,144 after touching a low of 11,096 on Thursday. The index peaked at 11,154 and touched another new 52-week high in the process.

The S&P 500 added a point to finish at 1,211 while the Nasdaq added 11 and settled at 2,515.

The big news after the close last night was Google’s (GOOG, $595.30, up $6.30) numbers. Although impressive, shares got hammered, losing 29 points, and were last seen at $566 in pre-market trading.

goog041610

The company earned nearly $2 billion, or $6.06 per share, in the quarter, versus $1.4 billion, or $4.49 per share, in the year-ago period. Goog’s would have earned $6.76 a share but took a hit for expenses covering employee stock compensation. Wall Street was expecting $6.60 a share on average.

Revenue surged over 20% to $6.8 billion which marked Google’s greatest revenue growth since 3Q08. After subtracting commissions paid to advertising partners, Google’s revenue really came in at a little over $5 billion but was still about $90 million above estimates.

We said yesterday that Google was the wild card and we also said we could get a “curveball”. Well, we did. The real deal with Google’s big drop was the fact the company’s CEO, Eric Schmidt, was NOT on the conference call. To compare it to the sports world, it would be like a NFL owner not going to the Super Bowl when the team he owns is in it.

To put things in perspective, the 30 point drop in the stock is only a 5% fall and the rumors on why their CEO did not do the yapping on the earnings call are running rampant. Look, the rumors are overblown. Yes, Google didn’t do a very good job of giving Wall Street a heads-up but this morning’s sell-off will be met with buying.

Bank of America (BAC, $19.48, up $0.08) and General Electric (GE, $19.50, up $0.15) reported this morning before the opening bell and that has helped futures come up off of their lows after they beat estimates.

Both stocks are flat as we head towards the open with BAC up a few pennies while GE is down a penny.

As we head to press, Dow futures are lower by 23, Nasdaq 100 futures are off by 6 while the S&P 500 futures are down 4.

Tags: bac, Bank of America earnings, GE, GOOG, Google's earnings, option picks, option signals, options alerts, stock options trading
Posted in Earnings, Google, Market Commentary | Comments Off

Bulls Looking To Win The Week

Friday, April 9th, 2010

9:00am (EST)

“When everybody thinks alike, everyone is likely to be wrong.” – Humphrey Neill

There has been so much talk about a market pullback this week that we thought we would use today’s quote to put things in perspective.

The talking heads are telling you there are chinks in the bulls armor and the bears had every opportunity to take the market lower this week. However, going into today’s session, the Dow is EXACTLY where it closed at last Friday. So what we do today will count for the week.

Yesterday looked pretty bearish but the retail same-store sales helped put a floor on the downside. A surprise increase in initial jobless claims initially weighed on the market after the Labor Department said first-time filings for unemployment benefits unexpectedly jumped by 18,000 last week but things got better.

After opening lower, the bears took the market to its lows within the first 30 minutes of trading but that was it. By lunchtime, the bulls were in control and pushed the market into positive territory for the rest of the day.

The Dow enjoyed a 30 point gain, or 0.3%, to close at 10,927. The index touched a high of 10,949 but still remains just a 73-point session away from breaking 11,000. It would be hard for us to “short” the market here because we still believe the Dow can trade 11,000 before “correcting”.

The S&P 500 held exactly at 1,175 and finished with a 4 point pop, or 0.3%, to close at 1,186. This was a sign to us that the bulls will be around next week to fight. Meanwhile, the Nasdaq added 6 points and went to bed at 2,436.

Next week is a HUGE week for earnings and Alcoa (AA, $14.87, up $0.13) will officially kick-off the earnings parade on Monday. Intel (INTC, $22.31, down $0.14) announces earnings on Tuesday; Wednesday we hear from JPMorgan (JPM, $45.76, up $0.44); Thursday is Google’s (GOOG, $567.49, up $3.95) turn and Friday General Electric (GE, $18.56, up $0.06) briefs Wall Street – not to mention April option expiration day.

The way we see it? We have one bull on our right shoulder and one bear on our left shoulder. Either all of the good news is priced into this market or we easily set new highs.

For today, futures are pointing towards a higher open as the Dow futures are showing a 20 point pop and are at 10,903 while the S&P futures are up 3 points to 1,186. Nasdaq 100 futures are higher by 5 and are at 1,185.

We will be back at 1pm with the afternoon update…

Tags: AA, DJIA, GE, GOOG, INTC, JPM, option picks, option signals, options alerts, stock options trading
Posted in Market Analysis, Market Commentary | Comments Off

GE, Baidu.com Breaking Out

Wednesday, September 16th, 2009

12:30pm (EST)

General Electric (GE, $16.68, up $0.68) is rolling this week. The stock opened Mondayat $14.55 and closed yesterday at $16. Today’s 4% pop is shows the stock’s momentum after passing hitting the $16 level and shares look poised to run to $17 where there is resistance. Volume is thru the roof as 113 million shares have traded thus far.

Lottery players are all over the GE September 16 calls (GEWIQ, $0.75, up $0.49) as they are up nearly 200% for the day. They opened at 40 cents. We went to Apple’s (AAPL, $182.26, up $7.10) October party instead and the option trade I profiled at 11am is up 50% folks! If you got in at 85 cents, lock down some profits as the call options are now at $1.50!

Yes,

Baidu.com (BIDU, $402.80, up $5.27) continues to set new 52-week highs. The stock has made an $80 move since the beginning of the month. Goldman Sachs (GS, $178.33, up $1.67) is the latest cheerleader after making some chippy comments on the company this week and setting a price target of $455. Baidu’s CEO has been quoted as saying he sees users leaving Yahoo Japan to come to Baidu over the next few years.

That’s it for now…Freeport McMoRan (FCX, $72.77, up $1.43) and Imax (IMAX, $10.10, up $0.28) are also putting in good days for us. I may try and do an 11pm update tonight but I’ve got a ton of research I’m doing. If not, I’ll see everyone in the morning by 9am (EST).

Rick@MomentumOptionsTrading.com

Tags: AAPL, Apple, Baidu.com, BIDU, FCX, Freeport-McMoRan, GE, General Electric, GS, Imax, options picks, options trading strategies
Posted in Apple, Company Commentary, Hot Stocks, Option Trades | Comments Off

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

Tags: AAPL, Apple, futures, GE, General Electric, Gold, Oil, options picks
Posted in Company Commentary, Gold, Oil | Comments Off

Diary of an Option Trader

Friday, May 8th, 2009

11:15am (EST)

The unemployment numbers really threw a monkey wrench in this morning’s trading plan and despite the Dow’s best efforts, we have slipped off of our highs. The unemployment rate jumped again, to 8.9% from 8.5%, as many businesses continue to be cautious from hiring. Selected areas are picking up around the country but most firms are refraining from hiring new workers. Still, the market’s overall reaction to the report was positive but has faded.

I didn’t pull the trigger on any trades, yet, and still don’t know if I will. I think the market can bounce back and challenge its highs of the day but the final hour of trading is looking like a toss-up. General Electric (GE, $14.25, up $0.29) hit a high of $14.45 and faded right at 10am. I was hoping the stock would hold and continue higher but we didn’t get that. This is why I always preach about waiting 30 minutes after the open. Yeah, sometimes you can go long at the open, but today wasn’t that day because of the employment report.

The GE May 15 calls (GEWEH, $0.12, up $0.01) have traded as high as 22 cents after opening at 15 cents and if I pull the trigger, this is the target I might aim for. Remember, I had a “saved” order to get in at 14 cents but I was a penny off on where I thought the call options would open this morning.

One trade that I do like right now is Blackstone Group (BX, $13.20, up $0.71). The June 15 calls (BXFC, $0.60, up $0.10) look tempting at these levels and I will be doing a write-up in the Weekly Wrap Sunday night.

Rick Rouse
Rick@OptionsMentoring.com

Tags: Blackstone Group, GE, General Electric, options blog
Posted in Option Trades | No Comments »

« Older Entries

Our updated 2012 Track Record is now at 85-18 for an 82% win rate. We have closed 24-straight winning option trades since late March!

Despite the recent volatility, we have given more "locks" to our subscribers than a Vegas bookie. If you started with a $10,000 trading account, our CLOSED option picks would have made you over 600% by now. In other words, YOUR $10,000 option trading account would be worth over $70,000 as we have become one of the most powerful option newsletters in the business. Our biggest trade of the year so far was hit in early May when shares of Green Mountain Coffee Roasters (GMCR) fell 50% after an earnings miss which made our subscribers 576% on the put options!

We DON"T count "half" closed trades twice, or "third" closed trades three times like other option newsletters do. Some option services will fluff their Track Records up by using these smoke-and-mirror tricks. They will also "average down" a losing trade in hopes of it coming back then will record the "average" price of the trade when it was really 2 bad trades. Most option websites DON'T have track records and say they give 300% winners. The devil is in the details.

We don't play these types of games which is why we have the most dedicated subscribers in the business because we have earned their trust. We have recommended 103 trades, 85 winners, 18 losers for 2012. Pretty simple and pretty powerful. We also have verified auto-trading partners who trade our recommendations for your account if you cannot watch the market. They will also tell you how good and how honest our service is.

Here are some of our other profitable triple-digit recommendations: Capital One (COF) call options +423% in 8 days, American Express (AXP) call options +310% in under 7 days, magicJack (CALL) call options +80% in 3 days, Microsoft (MSFT) call options +124%, STX call options +100% in 2 weeks, +114% and +131% on 2 MGM Resorts (MGM) call options trades in 3 weeks, +158% on Zynga (ZNGA) call options and +107% in Aflac (AFL) call options in 6 days. We also had a +200% winner with Scientific Games (SGMS). Some of our double-digit gains include +58% on WPRT calls, +80% on TSM and +38% on INT call options.

Our Weekly Wrap is 35-0 since the start of 2011 and is 17-0 for 2012. Some of our winners include +55% on Solazyme (SZYM), +27% on Clean Energy Fuels (CLNE), +38% on Vivus (VVUS), +17% on MGM, +18% on Dendreon (DNDN), and +20% on Darling (DAR). Despite what the suit-and-ties say, you can make incredible gains trading the RIGHT covered calls.

Over the past 5 years we are averaging a 75% winning percentage for all our trades despite volatile, flat and choppy markets. Come see why some of Wall Street's pros are following us instead of the Journal!

Here are some of our profitable 2011 recommendations: ORLY call options +191%, VMW call options +100%, JOYG call options +169%; GS put options +184%; FDX put options +164%; OXY put options +74%; +137% on RIMM put options, +1,167% on RMBS puts in 11 days, +296% on FCX calls; +157% on ZAGG calls; +110% on LNKD puts; +133% on RLD put options.

You can also request our Track Records to see all years by entering your email address which will allow you access to the portfolios.

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 2008-2011 Track Records by sending us an email or filling out the box below. 665 Total Trades; 459 WINNERS or 7-out-of-10.

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.

Posts Tagged ‘GE’

Google (GOOG) Rocks, Stock Drops

Bulls Looking To Win The Week

GE, Baidu.com Breaking Out

Gold Breaks Four Figures

Diary of an Option Trader