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China’s Curveball Rocks Market, Bank Of America (BAC) Tanks Again

Wednesday, October 20th, 2010

9:00am (EST)

The bulls got their first scare for October after China dropped a bomb on Wall Street yesterday with an interest-rate hike, their first such tightening in 3 years. There were a number of “better-than-expected” earnings reports but there were a few clunkers which also weighed on stocks as the major indexes experienced their worst setback in 2 months.

Goldman Sachs (GS, $156.72, up $3.02) tried to rally the Financial sector but other bank stocks dragged down the group, especially those with exposure to the foreclosure crisis that continues to make daily headlines. Bank of America (BAC, $11.80, down $0.54) was all over the map yesterday before dropping 4% after reporting earnings.

Although the company said its mortgage loan losses were “improving”, they still set aside $5.4 billion to cover bad loans and took a $10.4 billion “special charge” related to the financial reform legislation passed over the summer. Otherwise, BofA would have posted a profit for the quarter that actually beat analysts’ expectations.

We were betting on a rebound on this stock which was recently stuck right in the middle of its 50-day and 200-day moving averages. A break above $14 and it looked liked smooth sailing. A break below $13, well, we knew the sharks would be out.

The drop below $13 chased us off on an option trade and we thought shares were cheap in the low teens. We figured by February we would see a recovery to the mid-teens, at least, but the selloff has been way overdone in our book.

JP Morgan (JPM, $37.60, down $0.51), PNC (PNC, $53.04, up $0.03), US Bancorp (USB, $22.81, down $0.35) and Wells Fargo (WFC, $24.55, down $0.32) also have a high percentage of large mortgage loans in foreclosures.

Another key to yesterday’s reversal was the strength in the U.S. dollar which rebounded strongly on Tuesday after the China news. If you haven’t noticed, the market’s recent run has come on the strength of a weak U.S. dollar. If the dollar continues higher the market could see more selling pressure.

Commodities fell as Aluminum, Copper, and Steel all took one for the team. A cooler Chinese economy means weaker demand for many of the commodities consumed around the world. Alcoa (AA, $12.67, down $0.47), Freeport-McMoRan (FCX, $92.72, down $3.58) and U.S. Steel (X, $42.51, down $1.80), fell 3%-4%, apiece.

As a result, the Dow sank 165 points, or 1.5%, to close at 10,978 and below 11K for the first time in 2 weeks. The technical resistance looming overhead in the 11,150-11,200 area is proving to be rough and we mentioned there is support at 10,800-10,850. Yesterday’s low was 10,917.

The S&P 500 dropped 19 points, or 1.6%, to finish at 1,165 but traded down to 1,159. A break below 1,150 spells trouble for the bulls. Our target of 1,200 is proving to be strong overhead resistance so the next few weeks could be crucial as far as longer-term direction.

The Nasdaq fell a whopping 43 points, or 1.8%, and settled at 2,436. The bulls were trying to hold the 2,450 mark but that was breeched following the session long selloff yesterday. A break below 2,400 could lead to a test of 2,350. Resistance at 2,500 will be challenging without a major catalyst to push the bulls through.

We said last week we expected the volatility to pick up and we are seeing that in full force as the 3Q earnings season heats up. The bulls are still banking on another round of quantitative easing (QE2) and the mid-term elections to continue to fuel a rally higher but the bears obviously have other thoughts.

Futures are pointing towards a slightly higher open this morning as the bulls try to get back on track. Dow futures are up by 17 points to 10,960 while the S&P 500 futures are higher by 3 points to 1,167. The Nasdaq futures are showing an 8 point gain and are at 2,075.

Tags: Bank of America (BAC), Goldman Sachs (GS) earnings, option trading picks
Posted in Financial Stocks, Market Analysis | Comments Off

Apple (AAPL), IBM Can’t Satisfy Wall Street

Tuesday, October 19th, 2010

8:50am (EST)

You can’t always get what you want…

The bulls finally got some good news from the Financial sector as Bank stocks helped push the market higher on Monday. We talked about Citigroup’s (C, $4.17, up $0.22) numbers yesterday as the company reported a better-than-expected quarter and also said it is seeing less credit provisions. Strength among this group, which has been battered and bruised over foreclosure issues, helped push the Financial sector to a 2.3% gain for the day.

As far as the major indexes, the Dow added 81 points, or 0.7%, to finish at 11,143. The index trade to a high of 11,159 and right into our 11,150-11,200 zone but could not close inside this area. Although the Dow was able to settle atop the 11,100 level for the first time since early May, we knew these hurdles would be hard to clear as the bulls push towards the April highs.

The S&P 500 banged out a 9 point gain, or 0.7%, and ended at 1,184. We have been watching for the 1,170-1,175 area to hold and the index trade to a low of 1,174 before rebounding on a possible push towards 1,200.

The Nasdaq added 12 points, or 0.5%, to finish at 2,480 after trading in the red for much of yesterday’s session. The index traded to a low of 2,462 which is in our 2,450-2,500 zone and went out on its high for the day. However, all of our resistant targets will have to wait as futures are pointing towards a nasty open this morning.

Apple (AAPL, $318.00, up $3.26) posted better-than-expected results for their latest quarter after the bell on Monday, but got spanked despite strong sales of its iPhone. The problem was with the company’s iPad, which sold extremely well, but fell short of Wall Street’s projections.

aapl101910

Specifically, Apple sold 9 million iPod’s during the quarter, 14 million iPhones, 4.2 million iPads, and 3.9 million Macs. The iPad number was well short of the 4.8 million units that were baked into the cake but Apple simply couldn’t make them fast enough as there was a backlog for some components that make up the device.

Although profits came in at $4.3 billion, or $4.64 a share, it wasn’t enough to offset the high expectations that investors were looking for. Revenue jumped nearly 70% to over $20 billion.

These numbers were higher than the $4.06 a share on revenue of $19 billion analysts had penciled in but gross margins (36.9%) slipped and the company offered a weaker guidance going forward. Apple said it sees current quarter earnings at $4.80 a share, versus $5.04 a share, on sales of $23 billion, versus estimates of $22 billion.

Shares of Apple are down $14.45, or 5%, to $303.55 in early action.

Elsewhere, International Business Machines (IBM, $142.83, up $1.77) posted better-than-expected results after the bell as well. Nothing new here, as the company also raised earnings guidance for the full year.

ibm101910

“Big Blue” reported a profit of $2.82 a share, on revenue of $24.3 billion. The knuckleheads were looking for $2.75 a share on sales of $24.1 billion. Looking forward, IBM raised its 2010 earnings forecast to $11.40 a share from a previous estimate of $11.25 a share. Analysts are currently looking for $11.29 a share.

Shares of IBM are down $4.78 to $138.05 in pre-market trading.

Apple and IBM are heavily weighted on the major indexes so we can expect a lower open as futures are looking ugly.

Dow futures are lower by 38 points to 11,007 while the S&P 500 futures are off by 7 points to 1,171. The Nasdaq 100 futures are down 23 points to 2,071. Subscribers, check the Members Area for the updates.

Tags: Apple (AAPL), IBM, option trading picks
Posted in Apple, Earnings | Comments Off

Bulls Feeling Good

Monday, September 20th, 2010

12:00pm (EST)

The market is powering its way higher as the bulls push the upper limits of the current 4-month long trading range. We went over a lot of the technical levels last night in our Weekly Wrap and we will go over them again before we end this update but this week could be the day of reckoning for one side.

The bulls have done a tremendous job of rallying this market in what is historically a weak September but the fact is September is not over, yet. We aren’t sure how this market will play out and all we can do is use the charts, but one thing is for sure, we should get a huge move this week or next as we head into October.

djia092010

Currently, the Dow is up triple-digits, or 102 points, to 10,710. Our near-term top is 10,800 but if this level is broken the bulls could make a quick charge to Dow 11,000. The S&P is higher by 11 points to 1,137 and we said 1,150 would come into play while the Nasdaq is pushing our 2,350 target as it is up 24 points to 2,340. Wow.

aapl092010

There are a lot of stocks we want to talk about, like Apple (AAPL, $280.50, up $5.13), which has busted out to a new lifetime high, but we have a lot of things we want to cover in the Members Area including TWO new trades. One trade is a strangle option trade while the other is longer-term trade on a stock that we think will be significantly higher in 3 months. Subscribers, check for the updates.

Tags: AAPL, option trading picks
Posted in Apple, Market Analysis, Market Commentary | Comments Off

Gold $5,000?

Wednesday, December 2nd, 2009

1:10pm (EST)

Folks, there is more action in our Members Area than a poker table on payday.

Trading is choppy today as the Dow has darted in and out of positive territory. We are currently at 10,437, down 34 points. The S&P 500 is at 1,107, down 2 points, but is holding 1,100.

We thought we had heard it all with the gold price targets but today an analyst came out and said “Gold $5,000”. We were just talking about this in the morning update and needless to say we are blown away.

In any event, it has helped Barrick Gold (ABX, $47.29, up $1.22) set another 52-week high today. Those December 45 calls (ABXLI, $3.10, up $0.90) we mentioned this morning opened at $2.58.

Another stock that is showing unbelievable strength is Amazon.com (AMZN, $141.05, up $2.55). The stock closed last Friday at $131 but we were hesitant to pull the trigger on an option trade because of the massive sell-off we got on Friday but the stock always seems to rally in the weeks leading up to Christmas.

We have a lot to talk about in our Members Area and we wanted to update the trades we sent out to our subscribers at high noon. If you are not yet a subscriber, we do hope you consider a subscription before we get filled.

Tags: Barrick Gold, momentum stock option trading, option trading online, option trading picks, options mentoring, options newsletters, options track record, support and resistance levels, triple-digit option trades
Posted in Gold, Market Analysis, Option Trades | Comments Off

NEW OPTION TRADES

Wednesday, December 2nd, 2009

12:00pm (EST)

Current subscribers, please check the Members Area or your email for two new trades today. We will be back at 1pm with our regular update. These trades are listed in the Members Area NOW…

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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.

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

Posts Tagged ‘option trading picks’

China’s Curveball Rocks Market, Bank Of America (BAC) Tanks Again

Apple (AAPL), IBM Can’t Satisfy Wall Street

Bulls Feeling Good

Gold $5,000?

NEW OPTION TRADES