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Friday, November 19th, 2010
12:45pm (EST)
The market is trading slightly lower following yesterday’s strong rally which brought the market back near its resistance levels. The bulls are having trouble with overhead resistance as China raised its reserve requirement ratio for banks but they appear to be fighting.
Federal Reserve Chairman Ben Bernanke also chimed in this morning and we aren’t sure if his remarks will help or hurt the market as he criticized China’s currency policy, saying that Yuan is undervalued and the currency is hurting the global economy.
The bears are looking for their third weekly win in-a-row but the bulls are close to picking up the victory this week if they can manage one big push.
The Dow is currently down 11 points to 11,170 and will need to clear 11,192 to give the bulls a “W”. More importantly we would love to see a close above 11,200 which would set us up nicely for a big move higher next week. If we close below this level the bears will target Dow 11,000 and then 10,800.
The S&P is off by 2 points and is at 1,196 and will need to break 1,199.21 to finish in the green for the week so a close above 1,200 would be very bullish. There could be a test back down to 1,175 if not.
The Nasdaq is lower by 3 points to 2,511 and the bulls will try to hold the 2,500 level into the close. To finish positive for the week, the index will need to close above 2,518.
In any event, the slight correction we had prior to this week’s “flat” action was healthy and we believe the market needed it after its strong surge. Next week has the potential to be a big week for the market and we could see some huge price swings like we saw last year at this time.
The charts have been spot on and we have zigzagged lower after a breakout past resistance. The good news if you are bullish is that we appear to be headed higher although the market still faces some headwinds.
One stock trying to extend yesterday’s big 10% move is Aruba Networks (ARUN, $23.08, up $0.10) which reported earnings. We have followed the company for years and Aruba seems to be turning the corner after posting a 45% increase in revenue to $83 million for the quarter. They beat estimates by a penny and added 800 new customers. Impressive.
Imax (IMAX, $24.40, up $0.15) is looking to set another 52-week high as shares try to break $24.82 which was hit yesterday. On the last day of trading in October when shares were at $21-ish, we told you to expect new highs on the rollout of Harry Potter.
We also talked about our trading manual, How to Trade Options on Momentum Stocks, as it was the last day to get a free month service to our Members Area and all of our trade updates (a $129 value) if you purchased the course in October.
The options course is full of tips and information on how we try to find explosive situations that are about to happen in a stock and turn them into option trades. Due to the demand and your requests, we have decided to run that special again until the end of the year. Our first run of copies sold out quickly and we have just got in our second printing.
The manual took 3 years to write and provides real examples, in real time, on successful options trades that worked and why. We also include another manual, Momentum Stocks Watch List, which breaks down dozens of sectors on over 600 stocks and explains what moves these industries.
We are also doing videos that cover different sections of the manual to further explain how to find your own trades. If you are a beginning option trader or a seasoned vet, we honestly believe you will learn valuable information in our option manual that other ”option courses” fail to offer. Many of these programs often want you to spend more money on software upgrades, more course materials, and pay for mentoring but it’s a bunch of hot air.
We show you how to use news, charts, and how to “think outside the box” when it comes to finding successful option trades. All at a fraction of the cost. We truly believe we have the best deal going and this has been our mission since our editor-in-chief started this website. He wanted to show ordinary investors how to find and use option trades to enhance their portfolios.
Yes, options are risky, but they are also CHEAP and they cost a fraction of what the stock is currently trading at in the open market. If you wanted to buy 1,000 shares of a $50 stock it would cost you $50,000. However, to CONTROL 1,000 shares of a stock at $50 it might only cost you $500 or less!
We try to use cheap out-of-the-money options as a way to play a 5% move in a stock that yields 100% or more in an option trade. It’s that simple. Again, if a stock moves 5%, you will double your money if you are in the right option and we show you how.
In fact, here is a recent comment from a subscriber who purchased the option course:
“Rick, just wanted you to know that the manual has been helping a lot. I don’t seem so lost or in the dark as far as to what you are doing or why you are doing them. I feel like I can actually make a trade and feel confident of the outcome.
Quick success story: I placed an alert on (Research In Motion) RIMM when it hit 51.50 (this week). I immediately checked the charts and things looked poised to run to 55. I purchased (2) 52.50 calls for 1.05 each and within 1 day I made 110% on the trade.
Shares are still going up and had I owned more contracts I would have at least half positions still opened. If RIMM can break through the 200-day MA I might look to go long again. Thanks for your help. Let’s make more money!” (END)
UPDATE. This “student” sent us another email today and said he hit a 100% return on some Deckers Outdoor (DECK, $66.93, up $3.59) call options as shares have popped 6%.
We continue to tell you a 5% move in a stock can yield a 100% profit in the right options and our option trading course teaches you these things. Plus our track record is proof that returns of 200%, 500% and even 1,000% are possible with the right options.
We have a lot to talk about in our Members Area before the weekend hits so let’s get on it. Subscribers, check for the important updates and a NEW TRADE!!!
Tags: ARUN, bear market, binary options, bull market, call option, dndn, how to trade options, Imax, Momentum stocks, option investments, option picks, option trading, options mentoring, options trading service, put option, stock market, stock market options
Posted in Entertainment Stocks, Market Analysis, Market Commentary | Comments Off
Friday, May 14th, 2010
12:10pm (EST)
Ah, we are in a good mood today and the Kinks are kicking it in the background as we go to press…
Futures were pointing towards a lower open this morning and we had a good vibe that the recent put options we profiled were going to do well this morning. Sometimes the market can make you feel like you are in the matrix but when you can get the direction right, combined with the right option trades, it’s then you will know why we play this game.
The hardest part being an option trader is that you have to time a stock’s move just right. You can do all the fundamental research in the world (which we are good at and still works) to find the right candidates on which stocks are going to zoom or which companies are going to blow up.
Over the years we have mentioned “story stocks” such as Dendreon (DNDN, $44.31, down $1.09) when it was under $5 or Imax (IMAX, $19.14, down $0.27) at $3, or Netflix (NFLX, $102.55, down $7.46) when it was at double nickels ($55).
We also told you Bear Sterns would go belly up and that Fannie and Freddie Mac (FRE, $1.34, down $0.04) were accidents waiting to happen. We aren’t sure if our next “story stock” will double again but it has the potential.
To start, we aren’t stock investors but we have a ton of subscribers who use our research to buy stocks for their accounts. As option traders we “buy and hold” but often times we are in trades for three weeks or less on average. However, we can’t ignore some of the terrific returns that buying and holding a stock will do for your account.
Also, we actually profiled an option trade on this stock that lost 63% in less than a month because we didn’t time the move higher just right. The stock was at $9+ and we knew a move to $10 was in the cards but shares stalled for three weeks and we were forced out.
That is the BIGGEST difference between stocks and options.
Options are TIME SENSITIVE and you need shares to make a move by a certain amount of time. Meanwhile, owning a stock gives you the luxury of patiently waiting for the move higher or if you are “short”, a move lower.
In this case, owning the stock would have been more profitable than doing an option trade at the time. However, it doesn’t mean that we won’t try to trade options on it again…
From January 6, 2009 (quotes from that day):
“Orexigen Therapeutics (OREX, $5.89, down $0.10) was up sharply in after-hours trading on news that the company could be announcing something concerning its treatment drug for obesity, Contrave. The company will presenting at a JPMorgan (JPM, $29.25, down $2.10) conference next week which means the rumor mill got started early on what the company will say. The stock was up 20+%, or $1.30, to $7.20 in after-hours trading.
What surprises me is that it took until after the market closed for the stock to make a move as Wall Street seemed to ignore the fact that the company was awarded another patent for Contrave on Monday. It was the fourth patent for the drug which will provide protection until 2024.
Of course, Orexigen isn’t the only outfit trying to rush these new drugs to market. Vivus (VVUS, $5.37, down $0.12) and Arena Pharmaceuticals (ARNA, $4.22, down $0.03) are a couple of others. The race for the next generation of weight-loss drugs is on and all three companies are in phase 3 trials with results due this year. Orexigen appears to have the early lead in this race but there are always risks especially with biotech.” (END)
One year later…
From January 5th, 2010 (quotes from that day):
“Another stock we are watching for future profits down the road is Vivus (VVUS, $9.44, up $0.24).
The company has a potential blockbuster drug with Qnexa, a treatment for obesity that will be available in early 2010. The company said two late-stage clinical trials went well and asked regulators to approve its drug a week ago.
Vivus has some competition as other “diet’ pills are also expected to debut. Arena Pharmaceuticals (ARNA, $3.52, down $0.03) has also asked the FDA to take a look at their obesity drug, Lorcaserin, while Orexigen Therapeutics (OREX, $7.12, down $0.32) is pushing Contrave by the first half of 2010.
Vivus is the best bet to capture this lucrative market as Wall Street believes Qnexa could be the top go-getter based on the weight loss observed in clinical testing.
Arena’s weight loss drug is safer but Qnexa is also being used in Phase 2 trials to treat diabetes. Talk about two-for-the-money…imagine the cost savings of having the luxury to manufacture one drug to do two things.
It doesn’t stop there either. Vivus also has a drug, Avanafil, which is in phase 3 trials to treat erectile dysfunction and Luramist which is in phase 2 studies for the treatment of hypoactive sexual desire disorder in women.
The 52-week high for Vivus is $12.88 which was hit on September 10, 2009. We think the stock challenges this level again so file this one away. There will be a trade down the road”… (END)
Well we are at the fork, folks.
Vivus (VVUS, $11.85, down $0.43, current quote) has two dates that Wall Street is looking at. The first is July 15, 2010 which is when a division of the U.S. Food and Drug Administration (FDA), gives its thumbs up/down on the company’s NDA (New Drug Application).
If Vivus gets a check mark then the FDA could approve Qnexa in late October, 2010.
Again, we took a hit with the options which is on our 2010 Track Record and we aren’t sure if Vivus is ready for fame but this market is H-U-G-E. Pun intended.
We mention all of this because we are almost ready to teach you how to find your own stock and option trades. Yes, that is right.
We have finished with our Trading Manual and we are editing the final version this month. We are going to launch in June and we will be bringing you more exciting details in the weeks ahead.
Of course, you can still use us to do the homework for you but for those of you interested in learning how to find option trades this course is a must for all beginning option traders. Over 20 years of knowledge has been written and broken down so that you will be up and trading in weeks.
We are certain you will learn how Wall Street and the beauty of options really work once you go through our techniques and setups.
We are taking early requests to get a feel on how demand will be so email us over the weekend and you will be included in our “Charter Membership” package. Questions are welcomed. If you are a current subscriber, you will also get the same deal so don’t worry about missing out on anything.
As we head to press, the market is following our game plan and our trades are shaping up nicely. The Dow is down 209 points to 10,573 while the S&P 500 is off by 27 points to 1,130. The Nasdaq is getting sacked for a 64 point loss and is at 2,330.
We will be back Sunday night with the Weekly Wrap. Be there or be square.
Subscribers, check the Members Area for the updates. We know we are an hour early but we have a NEW TRADE and another has hit a triple-digit return!
Tags: dndn, FRE, Imax, option picks, option signals, options alerts, stock options trading, VVUS
Posted in Company Commentary, Market Analysis, Market Commentary | Comments Off
Tuesday, April 27th, 2010
9:05am (EST)
The market struggled to hold its early gains on Monday and finished mixed after the bulls lost their enthusiasm.
The bulls were able to squeeze a fraction of a point for the Dow as it finished at 11,205 after trading as high as 11,258. If it weren’t for Caterpillar’s (CAT, $71.65, up $2.87) powerful results, the Dow would have lost over 22 points which is how much the shares accounted for in the index yesterday.
The S&P 500 fell 5 points to finish at 1,212 but above 1,210 which had been short-term resistance. The index kissed a new 52-week high of 1,219 earlier on Monday and is still above its 10-day moving average.
The Nasdaq also finished lower as it slipped 7 points to settle at 2,522. The Tech-heavy index also hit a fresh intra-day high of 2,535 before it gave up its gains.
There were pockets of strength yesterday and one sector that continues to outperform are the Entertainment/ Movie stocks.
Imax (IMAX, $21.13, up $1.02) continues to amaze us and set another 52-week high. We have been on this company like grass on dirt when shares were at $3 a few years ago and when they broke $10 back in October we mentioned shares could run to $20+. Bingo.
Netflix (NFLX, $108.17, up $8.44) has also blown past our price target of $100 which we set back in November when the stock was in the$50’s and nobody else on Wall Street would touch it.
And what about Walt Disney (DIS, $37.04, up $0.25) which we’ve flirted with a few times by playing call options? That stock also set a new annual high yesterday.
This sector remains white-hot and we think there will be some M&A activity over the next few months that could take this sector even higher.
Turning our focus to the Financial stocks, Goldman Sachs (GS, $152.03, down $5.37) will take center stage today after being blamed for dumping 100’s of billions of dollars of toxic assets into everyone’s lap.
Testimony begins today that will bring Goldman’s CEO, Lloyd Blankfein, and other key executives before Congress. Somewhere Barney Frank is licking his chops. This is going to be great drama and we will probably tune-in to catch some of the action.
As we head to press, futures are pointing towards a slightly lower open. The Dow futures are off by 11 to 11,140 while the S&P 500 futures are down by 6 points to 1,202. Nasdaq 100 futures are off by 5 to 2,046. Subscribers, check the Members Area for the updates.
Tags: Imax, NetFlix (NFLX), option picks, option signals, options alerts, stock options trading, Walt Disney (DIS)
Posted in Company Commentary, Sectors, Trading Psychology | Comments Off
Wednesday, April 21st, 2010
1:15pm (EST)
The market has traded in a tight range today despite some positive catalysts from the Financial sector. Better-than-expected earnings from Morgan Stanley (MS, $32.10, up $1.65), which is up over 4%, is lifting other names in the sector but there other areas of the market that are dragging us down.
Apple (AAPL, $258.05, up $13.46) is holding its gains but it’s not helping the Nasdaq.
There are pockets of strength as we go to press with the Dow up 4 points to 11,121 while the S&P is off a point to 1,206. The Nasdaq has is up a fraction and stands at 2,500.
One stock that is challenging its 52-week high is Imax (IMAX, $19.39, up $0.70) which is no stranger to this blog. We have been telling our subscribers about this gem for 3 years now and you will see we like playing the stock if you look at our track records.
The company announced another deal in Japan yesterday and continues to expand in China as movie-goers prepare for the onslaught of upcoming 3-D films.
We set a long-term price target of $20 on the stock last fall when shares were just breaking out into the teens. It looks like we may have to raise that to $25 over the next 6 months.
Another company we had high hopes for back in November was Netflix (NFLX, $86.24, down $0.83) which was at $58 when we said shares could reach $100 by June. Here were our thoughts from the Members Area on 11/13/09 (quotes from that day):
“Netflix (NFLX, $58.19, down $1.25) is a company we are watching because it has the look and feel of a stock that wants to go to $100. Right now it’s at 52-week highs and we are waiting for a break above $60. Nice round number huh? Well, the exact 52-week high is $59.89 and a break above $60 could lead to more momentum.
For high risk traders, you could play the November calls for a day trade or longer but realize these options expire next Friday. The safer play would be to look at the December calls. If Netflix does break $60 then we may send out an alert based on market conditions.
One interesting thing and here is where our new trade comes into play.
If Netflix could manage to make a run to $100 by June 2010 then we will do very well with this trade. The big reason we think the stock could go to $100 by next summer is due the serious sense it makes for someone to buy them.” (END)
Netflix will report earnings after the bell so we will have to wait to see if our prediction comes to fruition.
We have updated our current trades and a number of them are doing well today. Subscribers, check the Members Area for the update.
Tags: Imax, MS, NFLX, option picks, option signals, options alerts, stock options trading
Posted in Company Commentary, Hot Stocks | Comments Off
Sunday, April 11th, 2010
6:50pm (EST)
Finally.
There were a lot of skeptics last week calling for a market pullback and we felt alone in our quest to join the bulls for Dow 11,000. Each and every week we go over the numbers and we do a lot of research based on what we see happening around us. We have been super bullish as many of you know since February and that has carried over since last August when we were about the only newsletter calling for Dow 10,000.
We can go even further back to the end of March 2009, a little over one year ago, when we had this to say when the Dow was just under 7,800 and had rallied 500 points for the week:
“Our indicators are still saying we go higher but we are certainly due for a pause. The current market environment seems to be taking in the bad news as well as the good. We are seeing rallies on good news, and small rallies on bad news with no major sell-offs.
We have talked about the Dow 7,600-7,800 and it now looks as though 7,600 is short-term support. For the S&P 500 we were targeting 800 and we held that level all week which now makes it support. For the Nasdaq, the 1,500 level will have to hold.
We haven’t had a significant sell-off but don’t count one out. The major indexes have broken through their 50-day moving averages and held which is normally bullish. In the past, we have tested these levels only to see the market retreat and re-test them so that is in the back of our mind.
However, now that we are above these levels we can target 8,000 for the Dow with the possibility of 8,300 being in the cards. For the S&P 500, we could get a run to 875, and maybe 900 if first quarter numbers are good. The Nasdaq could make a move to 1,650-1,700 if the stars align just right.” (END)
From our 8/29/09 Weekly Wrap when the Dow was at 9,500:
“The market has had an incredible run and the key levels we are watching are as follows:
For the Dow (currently 9,505), watch for 9,625 which was the November high. A run above this level clears the way for…dare we say it….Dow 10,000. There is support at 9,000 but a break below 8,900 would send up a warning signal.
As for the Nasdaq (2,020), it looks like 2,100 is smooth sailing as long as the bulls continue to run this week. Above that, we get choppy but we could get a run to 2,275. Support is at 1,930 and further down at 1,800 or so. A break below that could lead to 1,600.
The S&P 500 (1,026) could easily make a stab at 1,100 now that it has surged past 1,000 but 979 will be key support near-term. There is really nothing stopping the index from hitting 1,150-1,175 which is where headwinds will pick up.” (END)
We raised those targets on March 7th, 2010 when many of the market pundits were calling for a pullback or a correction:
“If we do get another week-long rally, then our NEW short-term targets would be Dow 11,000; S&P 500 1,200; Nasdaq 2,400.” (END)
The talking heads were telling you not to buy last week into the close and that the Dow and other indexes had reached a peak. They pointed at the strong resistance levels and said they would wait for better entry prices to buy into this market.
Greek debt, China threat, rising oil prices, Fed statements, Benanke, Greenspan, low volume, no volume, explosions…you name it; the market saw it. In fact, it was one of the most exciting weeks we have ever had trading. And we loved every minute of it.
We were on pins-and-needles going into the final how of trading as we have some open trades that were banking on a higher finish. The bulls did not let us down.
The Dow hit a peak of 11,000 about 5 minutes before the closing bell and ended the day at 10,997, a gain of 70 points, or 0.6%. It marked the highest the index has traded since September, 2008. This was also the weekly gain as the Dow went into Friday exactly where it closed the week before and is up over 10% since early February.
The S&P didn’t hit our 1,200 mark but ended with an 8 point win, or 0.7%, and finished at 1,194 and near its high for the day. For the week, the index added 16 points, or 1.4% and is up 12% over last two months.
The Nasdaq lead the race higher once again as it added 17 points, or a little over 0.7%, and settled at 2,454. It was the highest close for Tech since August, 2008. For the first full week of April, the index jumped 51 points, or nearly 2.2%, and is up 15% over the aforementioned time frames.
These technical levels are important although the market doesn’t care because we still have room to run. Yes, we think the rally can last for a few more weeks and maybe into May before we see a pullback, if any. Folks, just because the market is at “one-year” highs doesn’t mean we can’t go to “two-year” highs.
You can bet anyone who is short the market has got to be having second thoughts and they could panic and start buying their positions back come tomorrow’s opening bell. Another thing to remember…When the market finally bottomed, the sell-off was way overdone. Now that we are rallying back to these resistance levels, the market can also overshoot to the upside.
If that is the case, then we could easily see Dow 12,000; S&P 1,300; and Nasdaq 2,800 sometime in 2010. For that to happen we think unemployment will need to be under 9% by the end of summer. At least that is what we see.
Call us crazy but people thought we were nuts when we said Netflix (NFLX, $82.42, up $0.59) was going to $100 by June back in November or that Imax (IMAX, $17.11, down $0.44) was headed to $20 when shares were at $3 a couple of years ago. Although we are an options newsletter, a lot of people use us for great stock picking ideas.
We aren’t sure how much higher the market could be headed over the near-term because it will depend on how much new money comes into play and if the bears wake up. If the bulls can continue the momentum we could see a run to Dow 11,300-11,400; S&P 500 1,250-1,275 and Nasdaq 2,550-2,600 over the next few weeks.
As far as earnings, they will play an important role this week on which direction the market takes from here. Here is what’s on tap this week (quotes are from Friday’s close):
Earnings:
Monday: Alcoa (AA, $14.39, down $0.48), First Bancorp (FNLC, $15.74, up $0.15), Frischs Restaurants (FRS, $19.97, down $0.60), Heartland Express (HTLD, $16.19, down $0.18), JB Hunt Transportation (JBHT, $36.10, up $0.12), Kinder Morgan Management (KMR, $59.83, up $0.13), National Bankshares (NKSH, $28.06, down $0.25) and Polycom (PLCM, $30.50, up $0.13).
Tuesday: CSX (CSX, $52.96, down $0.02), Fastenal (FAST, $51.15, up $0.34), Healthcare Services Group (HCSG, $23.04, up $0.07), Infosys Technologies (INFY, $60.96, up $0.65), Intel (INTC, $22.55, up $0.24), Linear Technology (LLTC, $29.11, up $0.55), Talbots (TLB, $14.35, up $0.16) and Westamerica Bancorporation (WABC, $57.44, down $0.19).
Wednesday: Charles Schwab (SCHW, $19.23, up $0.11), Hooker Furniture (HOFT, $16.91, up $0.15), iGate (IGTE, $10.57, up $0.20), JPMorgan Chase (JPM, $45.98, up $0.22), W.W. Grainger (GWW, $114.77, up $0.60) and Yum! Brands (YUM, $40.70, up $0.63).
Thursday: Alliance Financial (ALNC, $29.46, up $0.72), Commerce Bancshares (CBSH, $41.93, up $0.32), Fairchild Semiconductor International (FCS, $10.88, up $0.34), Google (GOOG, $566.22, down $1.27), Intuitive Surgical (ISRG, $350.62, up $10.52), PPG Industries (PPG, $68.68, up $0.75), Titan Machinery (TITN, $14.05, up $0.24) and Valmont (VMI, $85.12, up $1.71).
Friday: Advanced Semiconductor Engineering (ASX, $4.79, up $0.12), Eastern Virginia Bankshares (EVBS, $7.50, up $0.04), Gannett (GCI, $17.79, flat), General Electric (GE, $18.52, down $0.04), Genuine Parts (GPC, $43.25, up $0.26), Mattel (MAT, $23.18, down $0.31) and Southside Bancshares (SBSI, $20.99, down $0.48).
We will be back in the morning with a full outlook for the week but we are expecting some follow-through from Friday’s close.
Tags: Dow11000, Imax, NFLX, option picks, option signals, options alerts, S&P 1200, stock options trading
Posted in Company Commentary, Earnings, Trading Psychology, Weekly Wrap | Comments Off
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Bulls Trying To Snap Bears Streak
Friday, November 19th, 2010
12:45pm (EST)
The market is trading slightly lower following yesterday’s strong rally which brought the market back near its resistance levels. The bulls are having trouble with overhead resistance as China raised its reserve requirement ratio for banks but they appear to be fighting.
Federal Reserve Chairman Ben Bernanke also chimed in this morning and we aren’t sure if his remarks will help or hurt the market as he criticized China’s currency policy, saying that Yuan is undervalued and the currency is hurting the global economy.
The bears are looking for their third weekly win in-a-row but the bulls are close to picking up the victory this week if they can manage one big push.
The Dow is currently down 11 points to 11,170 and will need to clear 11,192 to give the bulls a “W”. More importantly we would love to see a close above 11,200 which would set us up nicely for a big move higher next week. If we close below this level the bears will target Dow 11,000 and then 10,800.
The S&P is off by 2 points and is at 1,196 and will need to break 1,199.21 to finish in the green for the week so a close above 1,200 would be very bullish. There could be a test back down to 1,175 if not.
The Nasdaq is lower by 3 points to 2,511 and the bulls will try to hold the 2,500 level into the close. To finish positive for the week, the index will need to close above 2,518.
In any event, the slight correction we had prior to this week’s “flat” action was healthy and we believe the market needed it after its strong surge. Next week has the potential to be a big week for the market and we could see some huge price swings like we saw last year at this time.
The charts have been spot on and we have zigzagged lower after a breakout past resistance. The good news if you are bullish is that we appear to be headed higher although the market still faces some headwinds.
One stock trying to extend yesterday’s big 10% move is Aruba Networks (ARUN, $23.08, up $0.10) which reported earnings. We have followed the company for years and Aruba seems to be turning the corner after posting a 45% increase in revenue to $83 million for the quarter. They beat estimates by a penny and added 800 new customers. Impressive.
Imax (IMAX, $24.40, up $0.15) is looking to set another 52-week high as shares try to break $24.82 which was hit yesterday. On the last day of trading in October when shares were at $21-ish, we told you to expect new highs on the rollout of Harry Potter.
We also talked about our trading manual, How to Trade Options on Momentum Stocks, as it was the last day to get a free month service to our Members Area and all of our trade updates (a $129 value) if you purchased the course in October.
The options course is full of tips and information on how we try to find explosive situations that are about to happen in a stock and turn them into option trades. Due to the demand and your requests, we have decided to run that special again until the end of the year. Our first run of copies sold out quickly and we have just got in our second printing.
The manual took 3 years to write and provides real examples, in real time, on successful options trades that worked and why. We also include another manual, Momentum Stocks Watch List, which breaks down dozens of sectors on over 600 stocks and explains what moves these industries.
We are also doing videos that cover different sections of the manual to further explain how to find your own trades. If you are a beginning option trader or a seasoned vet, we honestly believe you will learn valuable information in our option manual that other ”option courses” fail to offer. Many of these programs often want you to spend more money on software upgrades, more course materials, and pay for mentoring but it’s a bunch of hot air.
We show you how to use news, charts, and how to “think outside the box” when it comes to finding successful option trades. All at a fraction of the cost. We truly believe we have the best deal going and this has been our mission since our editor-in-chief started this website. He wanted to show ordinary investors how to find and use option trades to enhance their portfolios.
Yes, options are risky, but they are also CHEAP and they cost a fraction of what the stock is currently trading at in the open market. If you wanted to buy 1,000 shares of a $50 stock it would cost you $50,000. However, to CONTROL 1,000 shares of a stock at $50 it might only cost you $500 or less!
We try to use cheap out-of-the-money options as a way to play a 5% move in a stock that yields 100% or more in an option trade. It’s that simple. Again, if a stock moves 5%, you will double your money if you are in the right option and we show you how.
In fact, here is a recent comment from a subscriber who purchased the option course:
“Rick, just wanted you to know that the manual has been helping a lot. I don’t seem so lost or in the dark as far as to what you are doing or why you are doing them. I feel like I can actually make a trade and feel confident of the outcome.
Quick success story: I placed an alert on (Research In Motion) RIMM when it hit 51.50 (this week). I immediately checked the charts and things looked poised to run to 55. I purchased (2) 52.50 calls for 1.05 each and within 1 day I made 110% on the trade.
Shares are still going up and had I owned more contracts I would have at least half positions still opened. If RIMM can break through the 200-day MA I might look to go long again. Thanks for your help. Let’s make more money!” (END)
UPDATE. This “student” sent us another email today and said he hit a 100% return on some Deckers Outdoor (DECK, $66.93, up $3.59) call options as shares have popped 6%.
We continue to tell you a 5% move in a stock can yield a 100% profit in the right options and our option trading course teaches you these things. Plus our track record is proof that returns of 200%, 500% and even 1,000% are possible with the right options.
We have a lot to talk about in our Members Area before the weekend hits so let’s get on it. Subscribers, check for the important updates and a NEW TRADE!!!
Tags: ARUN, bear market, binary options, bull market, call option, dndn, how to trade options, Imax, Momentum stocks, option investments, option picks, option trading, options mentoring, options trading service, put option, stock market, stock market options
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