Thirsty Thursday

Thirsty Thursday

12:30pm (EST)

It seems the bulls are back in town today as the market has held positive territory for most of the day. The Nasdaq has been the clear leader as Tech stocks are trading mostly higher. Apple (AAPL, $143.25, up $2.30) continues to surge and I wrote about the June 140 calls (APVFH, $6.80, up $1.60) late last night. The calls closed at $5.20 yesterday and opened at $4.75 this morning. They even traded to a low of $4.40.

Folks, I had mentioned how Apple was making a push to $150 and the stock got another upgrade and a new price target of $180 this morning by some analyst. There have been SEVERAL upgrades on Apple in the past few weeks and it’s not surprising Wall Street is jumping on the bus before the debut of the new iPhone.

The momentum has been strong and if you would have bought these calls at the open, you would already be up 50% in three hours. Had you invested just $475 you would now have $680 and enough to pay for a one-month membership to the new trading service.

I’m trying to point out the value of what this service is bringing to the table. I am going to put you in a lot of good trades that can make you some great returns in a matter of hours, days and weeks.

I will only being covering option trades once we launch the new trading service for subscribers and I really think you are going to enjoy it. If you got into these calls this morning, I would take profits on 50% right now or close at least half of the position. If they continue higher, fine, but DO NOT hold these calls over the weekend.

Hitting singles like this can lead to homeruns down the road because you will have more capital to “play” with. But if you are “building” a trading account, you’ve just made 50% so don’t give back your profits. Please email me before I “close” the list for subscribers. Once we launch we may have to cap the number of subscribers. For those of you who have emailed me, I got you. I just haven’t been able to respond to all of the emails.

Note: Palm (PALM, $13.24, up $0.75) has been on fire all week. The stock was at $10 last Wednesday. The debut of its new phone, the Pre, will happen on Friday so be careful of buy the rumor, sell the news.

Rick Rouse
Rick@OptionsMentoring.com

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