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Google (GOOG) Beats Estimates, Shares Crack $600

Friday, July 20th, 2012

9:00am (EST)

The bulls won their third-straight session on Thursday and made another run at upper resistance levels but ran out of gas midday way through the session.  The surge during the first half of trading was enough to allow them to coast to victory as the bears never got it in second gear.  

The Dow added 35 points, or 0.3%, to finish at 12,943.  The blue-chips tested a high of 12,977 at lunchtime after dipping to a low of 12,889 shortly after the open.  The bulls made a push at 13,000 and if cleared it could be smooth sailing up to 13,200.  We mentioned yesterday if the bulls fail to clear this level by the weekend there could be a test back down to 12,600 over the near-term.

The S&P 500 popped 4 points, or 0.3%, to settle at 1,376.  We said a close above 1,375 would get 1,400 into play and yesterday’s high was 1,380.  The low was 1,371.  The 52-week high is 1,422 which was hit on the first trading day of April.

The Nasdaq led the way higher after jumping 23 points, or 0.8%, to close at 2,965.  Tech touched a top of 2,976 and is a little over 1% away from taking out the 3,000 level.  Unlike the Dow and S&P, the Nasdaq held green all day and above 2,950 which was bullish.

The Russell 2000 fell 3 points to finish at 802.  The small-caps traded to 808 and we said a close above 810 would be bullish but the negative close could be another clue the market is topping.  The S&P Volatility Index ($VIX, 15.45, down 0.71) fell another 4% and has reached our mid-teen target.  There is still a chance the VIX could push the low teens and that would mean the S&P 500 is at 52-week highs.  

After the close, Google (GOOG, $593.06, up $12.30) and Microsoft (MSFT, $30.67, up $0.22) came in with mixed results but shares of both companies got nice little pops in extended trading. 

Google beat estimates and had a huge beat on revenue by $70 million.  Microsoft posted its first ever quarterly loss after taking charges for its online division and an expensive, money losing acquisition.  However, Mr. Softie posted strong sales as revenue rose 4% and topped $18 billion for the quarter.  Google was trading above $600 when after-hours trading closed while Microsoft was above $31.  Both levels are holding before the bell.

You would think futures would have gotten a nice pop but they were weak all night.  Shortly after 1am (EST), Dow futures were down 33 while the Nasdaq futures were flat as a pancake.  They have gotten worse this morning as we head towards the opening bell and look like this: Dow (-66), S&P 500 (-9), Nasdaq (-8).

We have an important chart to show you this morning on a stock we have traded options on 4 times over the past few months.  All of the recommendations have been put options and have made our subscribers 172%, 144%, 29% and 6%.  Shares are right near resistance again so let’s go see what the chart looks like inside the Members Area.

Apple’s (AAPL) Stunning Quarter

Wednesday, January 25th, 2012

9:00am (EST)

Oh, baby do you know what that’s worth? ($100 billion)

Oh, Heaven is a place on Earth.

They say in Heaven, love comes first

We’ll make Heaven a place on Earth.

 

Steve Jobs is certainly smiling from up above and it feels as though he never left us.  We thought today’s blast from the past was the perfect song to start our morning as we look ahead to the opening bell…

The market made a nice rebound off yesterday’s lows and remained in a tight range for the rest of the day as Wall Street awaited Apple’s (AAPL, $420.41, down $7.00) quarterly results.  Despite the nervousness of an Apple letdown, Tech had a strong day compared to other sectors which helped the major averages hold support as the market ended mixed.      

The Dow fell 33 points, or 0.3%, to close at 12,675 while the S&P slipped a point to finish at 1,315.  The Nasdaq added 2 points to settle at 2,786 but failed to crack 2,800 but this shouldn’t be an issue today.  

As far as Apple’s numbers, needless to say, the suit-and-ties were divided heading into the report as half the analysts seemed to be giddy while the other half said there was a chance for an earnings miss – but none of them seemed sure or wanted to bet the ranch.  Shares were halted until 4:50pm (EST) in extended trading last night which was a little unusual and goes to show how the much Wall Street weight the company had on its shoulders.

There were over 125 Apple articles within 3 hours after the close on Yahoo’s (YHOO, $15.69, up $0.01) Finance page yesterday talking about Apple’s mind-boggling results.

The company reported a profit of $13 billion, or $13.87 a share, on revenue of $46 billion.  The pencil-pushers were looking for earnings of $10 billion on $39 billion in sales.  A quick rundown on the record 3 months:  37 million iPhones sold during the quarter, over 15 million iPads, and 5 million Macs.  To put things in perspective, the number of iPhones and iPads sold were over 100% increases from the prior quarter.  We didn’t even mention the iPods sold for the quarter and the fact its iTunes store is approaching $2 billion sales.  By the end of this year, iTunes alone could be a double-digit billion dollar business!

Apple added another $16 billion to its coffers and now has nearly $100 billion in its war chest.  Yes, the company ended the quarter with $97.5 billion in cash and marketable securities on its books.  Wow.

Once again, we were hoping for a stock-split of 4-for-1 which would have gotten shares down to $100 or so but Apple hasn’t split its stock since 2005 when it did a 2-for-1 deal. 

The options on a $400 stock can be expensive and we looked at the Apple February 370 puts (AAPL120218P00370000, $1.80, up $0.35) and the February 470 calls (AAPL120218C00470000, $1.20, down $0.80) yesterday as a possible strangle option trade after our update which represented a $50 move in the stock.  We were calculating a 10% swing either way which would get shares to $380 or $460 based on the price at the time.  The 10% move wasn’t enough to get the stock past these strike prices which made us nervous because we want shares to move enough to cover the cost of the trade.

Apple shares were up $30 to $450 in after-hours trading last night once they opened and did hit a high of $470 before chilling.  This morning they are at $454, up $34.  The puts will take a huge hit while the calls should get a nice pop at the open.

As you can see, the option premiums are rich on triple-digit stocks and you need a massive move in the stock to hopefully make a decent return.  We would rather play options on stocks on under $100 where a 5% move would double your money or make you 100+% with the right option.

Apple is one of the few triple-digit stocks we wish we could play options on but the risks outweigh the rewards, especially when selling these types of options.  No worries.  There are hundreds of other stocks we follow under $100 that trade options and we have no problem letting the big boys trade Apple while we focus on Microsoft (MSFT, $29.34, down $0.39), Aflac (AFL, $49.07, up $1.02) and MGM Resorts (MGM, $13.16, up $0.02). 

Our subscribers have banked 125% on Microsoft calls, 127% on Aflac call options, and 131% and 114% on 2 MGM call option trades this month alone.  Our Seagate Technology (STX, $19.75, up $0.07) also made 100%.  That’s 5 triple-digit call option trade winners on stocks that have moved $1-$3 in the last 3 weeks.

With futures up this morning thanks to Apple, we are hoping our other call option trades get some nice pin action.

Futures are mixed as we head to press and look like this:  Dow futures are down 35 points to 12,591 while the S&P futures are off by 3 points to 1,308.  The Nasdaq futures are showing a 18 point pop and are at 2,445. 

Subscribers, check the Members Area for the updates and stay on your toes for possible Trade Alerts.  With the Fed speaking at noon, we could be in for a wild ride today as we near the July and April 2011 market highs.

Bulls Looking to Breakout

Wednesday, April 20th, 2011

8:50am (EST)

The bulls recovered from Monday’s haymaker and rebounded to push the market higher on Tuesday.  Believe it or not, there were a couple of decent housing reports released before the bell which helped futures firm up and led to a solid open.  The bulls cruised until halftime which is when the bears showed up but their stay was brief as the bulls powered forward and pushed the market to new highs before the close.

The Dow added 65 points, or 0.5%, to finish at 12,266 while the S&P gained 7 points, or 0.6%, and ended at 1,312.  The Nasdaq popped nearly 10 points, or 0.3%, and settled at 2,744.

There was a lot riding on last night’s and this morning’s earnings so let’s cover some of the highlights:

Yahoo (YHOO, $16.12, down $0.22), Intel (INTC, $19.86, up $0.24), Juniper Networks (JNPR, $38.47, up $0.21) and Wynn Resorts (WYNN, $138.93, down $1.57) beat estimates after Tuesday’s close.  It was good to see some of the old Tech leaders come in with solid reports and all 4 stocks are up in pre-market action.

We have been following Wynn Resorts for a few weeks now as shares continue to set new 52-week highs and we like the company’s recent deal with PokerStars.com.  Our wonderful government shut down U.S. online poker sites on Friday, but we think there is too much money to be made for it not to be legal.   

Wynn will be a major player and teamed up with PokerStars to push legislation forward but this was obviously a blow to the hundreds of thousands of Americans who have their money locked up in online poker accounts.  For years these sites have said it was legal to play and have allowed deposits but Uncle Sam wants his piece of the pie too.

This litigation will take months (or longer) to resolve but we like Wynn for its long-term prospects as well.  They are our favorite when it comes to Casino stocks but playing options on Wynn can be expensive.  We recently profiled some September call options on Wynn inside our Members Area but we missed the trade because we were hoping to get better prices.  Instead, we didn’t get our entry price and the options have nearly doubled.

Elsewhere, Cree (CREE, $40.81, down $0.26) shares were down 6% in after-hours last night and touched a low of $38.10.  The company reported quarterly profits fell nearly 60% to $18.9 million, or $0.17 a share, down from $44.6 million, or $0.41 a share, in the year period. 

Excluding items, Cree would have earned $0.27 a share while Wall Street had penciled in $0.30 a share.  Revenue came in at $219 million versus last year’s figure of $234 million, and also below the $221 million the suit-and-ties had penciled in.    

Futures are pointing towards a massive rally at the open.  Dow futures are up 148 points to 12,374 while the S&P 500 futures are higher by 18 points to 1,327.  Nasdaq futures are advancing 30 points to 2,341.

We have a lot to cover in our Members Area so let’s get to it. 

Big Ben’s Comments Could Sway Market; Yahoo (YHOO) Hits New Lows

Wednesday, July 21st, 2010

12:50pm (EST)

The bulls are ready to add to yesterday’s gains as the market is trading slightly higher ahead of today’s “big event”.  There have been a few positive earnings announcements this morning as a number of companies beat expectations on the top and bottom lines.  There have also been some earnings duds.   

Wall Street will be watching Fed Chairman, Ben Bernanke, as he gives the boys on the hill an update in about an hour or so.  The market will be looking for any hints on what the Fed might do to stimulate growth or if he sees any signs of an economic slowdown in the second half. 

Big Ben will also do a follow-up on Thursday.  His tone and body language will be crucial on how we close out the day.  He has been known to shine at times for the bulls but he has also made the bears look brilliant when he wallows.

Yahoo (YHOO, $13.93, down $1.27) is trading at 52-week lows after missing Wall Street’s numbers.  The company seems to be stuck in the mud so we won’t go over the results.

yhoo072110

As we head to press, the Dow is higher by 14 points to 10,244 while the S&P 500 is up by 1 to 1,084.  The Nasdaq is bucking the trend and is down 2 points at 2,220.

We will be back in the morning with a full update but look for the S&P to run into resistance at 1,100 if the bulls can muster up a rally.  If the bears wake-up, look for 1,050 to be tested again.

Upgrades Could Keep Momentum Going

Monday, March 8th, 2010

9:00am (EST)

Futures are trading in a narrow range this morning as we get ready for the upcoming week.  There is little economic data due out during the first half of this week and earnings are coming to a crawl so Wall Street will be looking for other cues to give the market direction.

Asian markets surged last night in their first trading session following the upbeat U.S. jobs report but the European markets fell slightly.

The good news, if you are bullish, is that there are a lot of upgrades on stocks this morning that could get the bulls in a buying mood.

Research In Motion (RIMM, $69.50, down $0.48), Yahoo (YHOO, $16.06, up $0.25) and U.S Steel (X, $58.90, up $2.26) all got upgrades and are showing higher bids in pre-market trading.

yhoo030810

x030810

M&A (mergers and acquisitions) activity continues to pick up… American International Group (AIG, $28.08, up $1.37) is selling one of its major foreign subsidiaries (Alico) to MetLife (MET, $38.92, up $0.81) for $15.5 billion.  It is the second major sale for AIG this month as the company tries to get leaner and meaner.  

aig030810

The Entertainment stocks could get a pop after seeing “Alice in Wonderland ” bring in a whopping $116 million in its opening weekend – a record for a 3-D film.   We knew Alice would be a hit and the total easily surpassed all other films in release and gave Walt Disney (DIS, $33.22, up $0.65) an even bigger opening than “Avatar.”  Imax (IMAX, $13.72, up $0.40) also benefitted as their theaters were packed all weekend long.

Earnings:

Monday:  Casey’s General Stores (CASY, $31.86, up $0.21), Kronos Worldwide (KRO, $15.69, down $0.27), ResCare (RSCR, $9.53, up $0.34), TiVo (TIVO, $17.50, up $0.97) and Value Line (VALU, $25.42, up $0.45).

Tuesday:  Boston Beer Company (SAM, $50.54, up $0.74), Dick’s Sporting Goods (DKS, $25.19, up $0.83), J. Crew Group (JCG, $45.61, up $1.55), Kroger (KR, $22.74, up $0.05), Overstock.com (OSTK, $13.43, up $0.35) and Tootsie Roll (TR, $28.17, up $0.87). 

Wednesday:  American Eagle Outfitters (AEO, $16.74, up $0.01), Bon-Ton Stores (BONT, $11.78, up $0.68), Elbit Systems (ESLT, $60.58, up $0.09), Gymboree (GYMB, $45.15, up $0.40), Hot Topic (HOTT, $6.71, up $0.08), Men’s Wearhouse (MW, $25.17, up $0.74) and Vail Resorts VPFG, $15.48, up $0.18).

Thursday:  Aeropostale (ARO, $25.56, up $0.56), Goldcorp (GG, $40.37, up $0.80), National Semiconductor (NSM, $14.67, up $0.04), Pall Corp (PLL, $41.32, up $0.68), Piedmont Natural Gas (PNY, $26.74, up $0.35) and Smithfield Foods (SFD, $19.09, down $0.36),

Friday:  AnnTaylor Stores (ANN, $18.50, up $0.53), Citi Trends (CTRN, $29.50, up $0.13) and Kirkland’s (KIRK, $18.81, up $0.81),

As we head to press, Dow futures are up 7 points, S&P 500 futures are up a point while the Nasdaq 100 futures are up 2.  Current subscribers, check the Members Area for the updates.

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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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