9:00am (EST)

Qualcomm (QCOM, $38.98, up $0.16)

June 36 puts (AAO100619P00036000, $0.58, down $0.14)

Entry Price:  $0.80 (4/28/10) 

Exit Target: $2.00+

Return: -28%

Stop Target:  None

Action:  Continue to hold up to $40.  If shares penetrate this level we are probably gone.


Dendreon (DNDN, $50.18, up $10.56)

May 55 calls (DNDN100522C00055000, $1.45, up $0.75)

Entry Price:  $1.50 (4/26/10) 

Exit Target: $2.00+

Return: -3%

Stop Target:  None

Action:  We mentioned on Monday these options were expensive.  The options still doubled from Wednesday’s close and we knew by going this far out-of-the-money that we might not get the return some of you were hoping for…yet.

These options still have 3 weeks before they expire and we think shares can continue to move higher.  There are quotes that these options traded at $5 when trading resumed at 3:30pm yesterday but we aren’t sure if that is an accurate quote or not.  In any event, if shares can reach $60 by May 21 then these calls will be worth $5 anyway.  There are still huge risks associated with holding these options but like we said Monday, we are going for it.  Dendreon has been our baby for 3 years and now that the media has jumped on the bandwagon we know it is growing up.

 

Akamai Technologies (AKAM, $39.63, up $5.85)

May 36 calls (AKAM100522C00036000, $3.95, up $3.35)

Entry Price:  $0.92 (4/14/10) 

Exit Target: $2.00, raise to $4+ (closed half at $3.15 on 4/29/10)

Return: 286%

Stop Target:  $1.75, raise to $2.10

Action:  Shares of Akamai touched a high of $40.10 and we would love to see a close above that level going into the weekend.

   

JDS Uniphase (JDSU, $13.51, up $0.36)

May 14 calls (UQD100522C00014000, $0.60, up $0.15)

Entry Price:  $0.75 (4/12/10) 

Exit Target: $1.50+

Return: -20%

Stop Target:  None

Action:  Continue to hold.  The company reports earnings on May 5.

 

Corning (GLW, $19.94, down $0.13)

August 22 calls (GLW100821C00022000, $0.65, down $0.05)

Entry Price:  $0.60 (4/12/10) 

Exit Target: $1.20+ (closed half on 4/27 @ $1.00)

Return: 38% 

Stop Target:  55 cents 

Action:  Continue to hold.

 

Garmin (GRMN, $38.74, up $0.49)

May 32 puts (GRMN100522P00032000, $0.25, down $0.05)

Entry Price:  $1.00 (4/5/10) 

Exit Target: $2.00+

Return: -75% 

Stop Target:  None

Action:  Continue to hold.


TiVo (TIVO, $18.38, up $0.74)

May 20 calls (TUK100522C00020000, $0.95, up $0.35)

Entry Price:  $0.85 (3/5/10)  

Exit Target: $1.70 

Return: 12% 

Stop Target: None 

Action:  Shares traded to a high of $18.84 yesterday and we are expecting a pop to over $20 by the time these options expire.


Other 2010 Portfolio OPEN positions (4):  These are trades that are still open in the portfolio that have longer expiration dates or are on hold but are not worth mentioning until they turn around.  This way you know we are still tracking them and we will record the results, accordingly, when we close them or they expire.  Click on the 2010 Portfolio link in the Members Area to view ALL open/ closed trades. 

American Tower (AMT, $41.05, up $0.26), Berkshire Hathaway Class B (BRK-B, $78.09, up $0.32), Canadian Solar (CSIQ, $18.31, up $0.55) and Shuffle Master (SHFL, $9.48, up $0.50).


WATCH LIST SECTION


These trades are NOT recommendations until we send out an alert.  These are trades that we like but have not added to the portfolio as an official recommendation because of market conditions or because we are waiting for better entry prices.  We will not list entry prices because these stocks are on the verge of breaking out or they could selloff.     

Research In Motion (RIMM, $72.09, up $0.38)

June 80 calls (RFY100619C00080000, $1.01, up $0.04)

Action:  RIMM has a new touch smartphone coming out and now that HP has bought Palm, RIMM could be next or they could be looking at Dell.


Dell (DELL, $16.65, up $0.14)

August 18 calls (DELL100821C00018000, $0.69, up $0.02)

Action:  We aren’t a big fan of Dell because we think they have dropped the ball on so many fronts over the last decade.  However, Dell has some interesting pieces that another company could utilize to its advantage.

 

Broadcom (BRCM, $35.76, up $0.35)

June 32 puts (BRCM100619P00032000, $0.50, down $0.06)

Action:  Continue to watch up to $37 which is resistance.


A123 Systems (AONE, $12.52, up $0.06)

September 15 calls (AONE100918C00015000, $0.52, down $0.05)

Action:  If shares can hold $12 for another week or two then we may make this an official recommendation.


Toyota Motor (TM, $78.11, up $1.27)

May 75 puts (TM100522P00075000, $0.85, down $0.50)

Action:  We would like to see one last rally back to $80 before pulling the trigger with this one.


Massey Energy (MEE, $41.16, down $0.28) 

May 40 put (MQO100522P00040000, $1.55, flat)

June 40 puts (MQO10061900045000, $2.75, flat)

Action:  Shares touched a low of $40.30 yesterday and are getting close to falling off a cliff.