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Talk About A 3D Revolution…

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.

imax042710

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.

nflx042710

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.

dis042710

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

Netflix (NFLX) Beats Street

Thursday, April 22nd, 2010

9:05am (EST)

The bulls tried to carry the torch for another day but came across the finish line stumbling as the market ended Wednesday’s session flat.

The Dow managed a strong start but struggled in the afternoon before ending with an 8 point gain to close at 11,124. The index hit an intra-day high of 11,217 which was higher than where we were before last Friday’s 125 point drop.

The Nasdaq also finished in the green as it added 4 points to settle at 2,504. The S&P 500 wasn’t as fortunate as it fell a little over a point and finished at 1,205. Overall, it was a win for the bulls as both indexes held the 1,200 and 2,500 levels, respectively.

Netflix (NFLX, $86.98, down $0.09) posted higher results last night after the close, beating Wall Street’s expectations by five cents.

nflx042210

The company reported a profit of $32 million, or $0.59 a share, versus $22 million, or $0.37 a share, in the year earlier period. Netflix said revenue came in at $494 million, up 25% from $394 million in the year-earlier quarter.

Wall Street had expected the company to report earnings of 54 cents on revenue of $493 million.

Shares were volatile in after-hours trading last night but are showing a little pop this morning as they are trading near $90. We are close to hitting the $100 price target we set for the stock back in November but we aren’t sure if we will get there today.

Futures are pointing towards a lower opening this morning as the Dow futures are off 42 points to 11,017 while the S&P 500 futures are down by 6 to 1,194. The Nasdaq 100 futures are at 2,103, down 13 points.

Tags: Earnings, NetFlix (NFLX), option picks, option signals, options alerts, stock options trading
Posted in Company Commentary, Earnings | Comments Off

NetFlix (NFLX), Cree (CREE) Hit New Highs

Monday, April 5th, 2010

1:00pm (EST)

The market is trading higher on a couple of good economic reports this morning but the bulls are celebrating Friday’s unemployment news as they continue to push the Dow towards 11,000.

The Institute for Supply Management (ISM) number rose in March to 55.4 from 53 in February. Wall Street had forecast a reading of 54. The growth is the fastest since January 2008.

Elsewhere, the National Association of Realtors said the Pending Home Sales Index rose to 97.6 in February from a downwardly revised 90.2 in January.

The reports added to expectations that the economy is making strides.

The Dow is currently up 43 points, or 0.4%, to 10,970 and is nearing the psychological benchmark of 11,000 for the first time in 18 months.

The S&P 500 is higher by 8 points, or 0.7%, and stands at 1,186 while the Nasdaq is up 24 points, or 1%, to 2,426.

Netflix (NFLX, $79.66, up $4.66) continues to explore new highs and is the number one application that is being downloaded on Apple’s (AAPL, $237.79, up $1.82) iPad.

nflx040510

Cree (CREE, $76.88, up $6.28) is up 9% after getting an upgrade this morning from “Neutral” to “Buy”. We have been waiting for this breakout and our subscribers made a little change in early March with our Cree call option trade.

cree040510

We closed the April 75 calls (CQR100417C00075000, $3.15, up $2.40) on March 3 at $1.60 and they closed Thursday at 75 cents. Today, they are up 320%.

We don’t regret missing out on the gains because we have a couple of current trades that are capable of making the same explosive moves but we are disappointed that shares waited a month to jump to new highs.

The bulls look determined to push the market to new highs this week and Dow 11,000 would be a nice start by the closing bell. We also released a new trade today and have another one lined up right now.

Tags: Cree (CREE), NetFlix (NFLX), option picks, option signals, options alerts, stock options trading
Posted in Company Commentary, Hot Stocks, Market Commentary | Comments Off

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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.”

Posts Tagged ‘NetFlix (NFLX)’

Talk About A 3D Revolution…

Netflix (NFLX) Beats Street

NetFlix (NFLX), Cree (CREE) Hit New Highs