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Posts Tagged ‘reverse stock splits’

Citigroup (C) Reverses Course

Monday, May 9th, 2011

12:20pm (EST)

The market has gotten off to a slow start as both the bulls and bears feel each other out before mapping their next move.  Futures were pointing towards a higher open but were weakening as we headed towards the opening bell.  There is some rhetoric out of Europe concerning Greece as S&P downgraded their debt (again) amid concerns the country will need more bailout funds which has kept traders in check.

The Dow had traded in a tight range, hitting a high of 12,669 at the open while the low has been 12,620.  However, things are picking up as we head to press as the index is currently up 61 points to 12,700.  The S&P is up 7 points to 1,346.  The Nasdaq is showing a gain of 18 points to 2,845.

Citigroup (C, $44.02, down $1.18) completed it 1-for-10 reverse stock split this morning which is why you shares in the $40’s and not at $4+.  We aren’t big fans of reverse splits which are usually done by companies that are about to lose their listing on an exchange or to get investors’ confidence up.  When a company does a reverse stock split they are trying to maintain compliance but Citigroup is a little different because they really didn’t have to do the split.

Citigroup’s new share price will make it easier to short and for mutual fund managers to buy.  Most funds restrict managers from buying stocks under $5 so this won’t be a problem at today’s prices.  Speaking of reverse stock splits…

American International Group (AIG, $29.57, down $1.13) is at new 52-week lows today.  Imagine that.  We covered the company’s reverse stock split a few years ago which helped them keep their listing on the NYSE.  AIG’s shareholders approved a one-for-20 reverse stock split in 2009 and we did well shorting this name all the way down to $1 before the split.  In fact, some of our BEST option trades have been shorting AIG if you look at our Track Record over the years.

We have a lot to cover inside our Members Area including a trade adjustment.  On two of the three trades we able to get filled at our recommended prices but we are going to have to raise our entry price for our other recommendation.  Subscribers, check for the updates.

First-Quarter Review

Monday, April 4th, 2011

9:10am (EST)

No other country can substitute for the U.S.  The U.S. is still number one in military, number one in economy, number one in promoting human rights, and number one in idealism.  Only the U.S. can lead the world.  No other can. – Senior Korean official (to Thomas Friedman, NY Times Foreign Affairs columnist, February 2009)…

The bulls continued their comeback from the mid-March lows after having another solid week and pushing the market back towards its February and 52-week highs.  It all came down to Friday’s jobs report and it was a “winner”.  We aren’t sure if Charlie Sheen was impressed with Friday’s 8.8% unemployment rate and the 216,000 jobs added but we were.

The market ended the first quarter with a bang and got off to a nice start for 2Q after getting its best nonfarm payroll numbers in two years.

The Dow traded to an intraday 52-week high of 12,419 before finishing with a 57 point gain on Friday and settled at 12,376.  For the week, the index added 156 points, or 1.3%.  For the first-quarter (January-March), the blue chips advanced nearly 800 points, or 6.4%, which was the best quarterly gain since 1999. 

The S&P 500 added 6 points to finish at 1,332 and held the 1,300 level all week.  The index also made a strong move above 1,325 on Wednesday and reached a high of 1,337 on Friday.  For the week, the S&P jumped 19 points, or 1.4%; for the quarter the index popped 75 points, or 5.4%.

The Nasdaq cleared 2,800 on Friday but closed slightly below this level with a gain of 8 points, to 2,789.  Tech has led the recent charge off the mid-March lows and advanced 46 points, or 1.7%, for the week.  For the first 3 months of 2011, the Nasdaq was up nearly 140 points, or 4.8%.      

We mentioned on Thursday that if the unemployment rate came in below 8.9% we could see new highs.  The 5-week “trading range” the market has been in since mid-February is on the verge of a breakout and here were our thoughts in late January before the range:

“The Dow gained 4 points to close at 11,989 but made its second straight trip above 12,000, hitting 12,019 intraday.  We mentioned yesterday the index has a shot at 12,300-12,350 over the near-term and we would like to see a close above 12K today.

The S&P 500 finally kissed 1,300, twice, once in the morning and once in the afternoon before finishing just below resistance at 1,299.54 – up 3 points.  We are looking for a pop to 1,325 and maybe 1,350 on a breakout. 

The Nasdaq was the strong horse as it added 15 points, or 0.6%, to settle at 2,755.  The index is still 9% away from our 3,000 target and we have said it may be hard to reach this level over the near-term.  We may only get to 2,850.” (END)

On February 17, after a trip to these levels, we had this to say:

“The only number we have been watching this week is 1,334 which represented a double or a 100% rise from the S&P 500’s low of 667 back in 2009.  We said last Friday that “1,325 Changes Everything” and only confirmed our target of 1,350 was in the cards.  The index battled 1,334 for 3 sessions before breaking through yesterday after gaining 8 points to close at 1,336.  Back in mid-January we said if the bulls could get past 1,300 then we could see 1,450-1,500 in 2011.  However, let’s get to 1,350 first. 

The Dow actually traded into our target zone of 12,300-12,350 after kissing 12,303 but finished the day at 12,288, up 61 points.  If the upper-end of our zone is taken out then the bulls will be gunning for 12,500-12,600 over the near-term with a run to 13,000 coming if the momentum can last until April.

As for the Nasdaq, the index finished at 2,825, up 21 points, and closed right in the middle of our 2,800-2,850 targets.  Of course, we have been mentioning a run to 3,000 since the beginning of the year and a break above here gets the bulls there.” (END)

The market appears to be moving past the Libya and Middle East crisis although oil continues to move higher.  Japan seems to be hitting the ground running as rebuilding efforts have already begun.  And America’s economy seems to be getting better despite the fact that housing remains in the doldrums.

The CBOE Market Volatility Index (^VIX, 17.40, down 0.34) traded down to 16.44 on Friday after touching 31.28 in mid-March.  We mentioned last week the index could fall to 14-13 on another leg up which is when we think the bulls might take a break.

A VIX reading under 20 indicates confidence and calm while a reading above 30 indicates nervousness and panic. 

We also mentioned the iPath S&P 500 VIX (VXX, $29.09, down $0.28) could head lower if the market rallied higher.  The April 30 puts (VXX110416P00030000, $1.85, up $0.09) were at $1.50 last Sunday and gained over 20% by the end of the week.

We are hoping for one big charge by the bulls over the next few weeks and we would like to see a strong start to this week to get us there.  April is normally the Dow’s best month and has posted gains of 2%, on average, for the past 60 years.  Of course, history doesn’t always repeat itself but the catalyst for the market breaking out to new highs will be first quarter earnings which begin next Monday.

Alcoa (AA, $17.47, down $0.19) will announce their results on 4/11.  Keep an eye on our aforementioned near-term targets for this week: Dow 12,500-600; S&P 500 1,350; and Nasdaq 2,850.  If these levels are cleared then we could go into earnings season looking to test our upper-end 2011 targets for the indexes.

Welcome Back, Dow

Thursday, March 31st, 2011

9:00am (EST) 

The bulls have used back-to-back “Boom Boom” poundings to finally reach the top of the current 5-week trading range the market has been in.  Yesterday’s smooth sailing added another 0.5% on top of Tuesday’s pop which has pushed the major indexes back near their February highs.  Now that we are here, it’s gut check time.

The Dow gained 72 points to close at 12,350 which is the exact target we said to watch for on a breakout.  The index reached 12,383 and we either go to 12,500-12,600 or…we fall back into the “trading range”.  Support is at 12,200 then 12,000.

The S&P 500 added 9 points to finish at 1,328 and touched 1,331.  We mentioned 1,334 as a “pivot point’ for a run to 1,350 so watch this number closely today.  Support is at 1,310-1,300.

The Nasdaq jumped 20 points, or 0.7%, and once again lead the charge higher.  The index has room to run to 2,850 which is our key resistance target but if cleared, Tech could challenge 3,000.

As the bulls try to break resistance – a lot – we mean a lot of market “pros” are calling for a pullback.  On the surface, things appear ripe for a pullback but like we said in our Weekly Wrap, the U.S. markets are looking like one of the “safer” places to put cash to work or rest.  We also know the market can remain irrational longer than we can stay solvent but it’s all about price action.

It wouldn’t make sense to “bet the house” on a breakout but it does make sense to “speculate” on a breakout.  We could be wrong, we know this.  But we could also be right.

We also realize the market could remain in a “trading range”.  If so, then we will continue to trade less.  We like action but what we have learned about trading ranges is that it’s best to either sit out or take small positions and use more strangles and straddles.  With options, a 30 cent option trade on 10 contracts will cost you $300.  If you buy 100 contracts it will cost you $3,000.  If your “speculative” trading account only has $3,000 in it and you risk it all on an entire trade, then you could be wiped out and be facing a reload or sitting on the sidelines.

Keep this in mind and never risk more than 5%-10% of your capital for any one trade.  We are hoping for one last breakout or continued rally so let’s see how it plays out.

We are expecting “flat” action today with a tight trading range as Wall Street eagerly awaits Friday’s unemployment rate and jobs number.

Futures are slightly lower as we head towards the open; Dow (-8), S&P 500 (-2), Nasdaq 100 (-3).  Subscribers, check the Members Area for the updates.        

Bulls Want to be King of the Hill

Wednesday, March 30th, 2011

9:00am (EST) 

…if only briefly.

The bulls made another step towards serious resistance on Tuesday and either look poised for a jailbreak, or, they are throwing their last punches in a huge brawl that is going to end ugly.

We talked have talked extensively about the market’s moves since mid-October and we said last week the bulls are setting up for a possible big run heading into April.  Although the glass is looking half empty for the investors who have been bailing on the market’s recent move up, it is only half full for those who are playing for a breakout.  Of course, we are in the latter camp and are riding the bulls back to new highs.  This is why we have a market.

The bears have to be disappointed with yesterday’s action because the headlines were tilted in their favor.  Economic news was softer-than-expected and most earnings announcements and guidance came in below par.  It didn’t matter.  The bears didn’t bring enough artillery to the fight as the bulls quickly overpowered them and were back on track in less than an hour.

The Dow nearly pulled off a triple-digit gain but still added 81 points, or 0.7%, to settle at 12,279.  The S&P 500 popped 9 points, or 0.7%, and closed at 1,319. 

The Nasdaq advanced 26 points, or 1%, to finish at 2,756.  We wanted to spend more time on Tech because the close above 2,750 was a beautiful thing.  Although we aren’t out of the woods, yet, a run to 2,850 is looking better-and-better by the session.  The 52-week high for the Nasdaq is 2,840 and we said a shot at 3,000 could be in the stars.      

Of course, we are still bracing for a pullback at any given moment because nailing a top or bottom for any stock, let alone the market, is always tricky.  We also didn’t plan for a 4-week trading range from mid-February that saw more volatility than an EKG.  However, we did expect a pullback in February which is why we used longer-term options.  And we recently opened some new trades to try and take advantage of the rally we have been expecting to come back.  Hopefully, the market can make some nice gains today.

As we head to press, futures are pointing towards a higher open; Dow (+45), S&P 500 (+6), Nasdaq (+15).  Subscribers, check the Members Area for the updates.

Futures Flat, Oil Down

Tuesday, March 29th, 2011

8:00am (EST) 

After a promising start, the bulls gave back all of yesterday’s modest gains in the final hour of trading despite better-than-expected economic news.  Earnings were light and will be until the second week of April which is when first quarter earnings start to roll in.  Geopolitical events were a non-factor although there was some concern on how much radiation is seeping into Japan’s waters.  Elsewhere, Libya seems to be getting closer by the day to getting new leadership which helped bring oil prices down. 

We weren’t surprised to see a tight trading range but we were a little disappointed with the close.

The Dow traded to a high of 12,272 before giving back 23 points, or 0.2%, to finish at 12,197.  We were looking for 12,200 to stick but the index closed into its low as the closing bell sounded.  Further support is at 12,000 but we are looking for a test to 12,350 then 12,500, first.

The S&P 500 dropped 3 points, or 0.3%, and settled at 1,310.  We were glad to see 1,310 hold for the second consecutive session and there is further support at 1,300.  Near-term resistance remains at 1,325.

The Nasdaq traded to a high of 2,754 and we were hoping for a close above 2,750.  The index fell 12 points, or 0.5%, when the dust cleared and finished at 2,730.  The close above 2,700 was good to see because we are expecting Tech to rebound following a month long selloff.  Further support is at 2,650 while near-term resistance remains at 2,800-2,850.

We have a lot to cover in our Members Area this morning so we have to cut it short.  Futures are pointing towards a slightly higher open; Dow (+20), S&P 500 (+2), Nasdaq (+4).  Subscribers, check for the updates.

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2012 Closed Trades:
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Trader Comments:

    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
      

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