9:05am (EST)

A123 Systems (AONE, $12.45, down $0.07)

June 15 calls (AONE100619C00015000, $0.40, up $0.10)

Entry Price:  $0.40 (4/30/10) 

Exit Target: $0.80+

Return: 0%

Stop Target:  None

Action:  We opened this trade up on Friday after watching it for a few weeks.  It’s hard to say if the stock has “bottomed” as we are trading near 52-week lows Shares have only been trading since September so we can’t go off a yearly chart.

This is a cheap-out-of-the-money trade and we are looking for a bounce back over $13 and a run to $15.


Qualcomm (QCOM, $38.68, down $0.30)

June 36 puts (AAO100619P00036000, $0.65, up $0.07)

Entry Price:  $0.80 (4/28/10) 

Exit Target: $2.00+

Return: -19%

Stop Target:  None

Action:  Continue to hold.


Dendreon (DNDN, $54.06, up $3.88)

May 55 calls (DNDN100522C00055000, $2.35, up $0.90)

Entry Price:  $1.50 (4/26/10) 

Exit Target: $2.00+ (closed half at $4.00 on 4/30/2010)

Return: 112%

Stop Target:  $1.10 

Action:  We closed half of the trade on Friday to lock in our gains.  We would like to move to “roll” this position out to further months but we aren’t sure how far Dendreon can run now that the news is out.

 

Akamai Technologies (AKAM, $38.83, down $0.80)

May 36 calls (AKAM100522C00036000, $3.50, down $0.45)

Entry Price:  $0.92 (4/14/10) 

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

Return: 261%

Stop Target: $2.25 

Action:  Continue to hold.

   

JDS Uniphase (JDSU, $13.01, down $0.50)

May 14 calls (UQD100522C00014000, $0.45, down $0.15)

Entry Price:  $0.75 (4/12/10) 

Exit Target: $1.50+

Return: -40%

Stop Target:  None

Action:  The company reports earnings on Wednesday.  

  

Garmin (GRMN, $37.38, down $1.36)

May 32 puts (GRMN100522P00032000, $0.35, up $0.10)

Entry Price:  $1.00 (4/5/10) 

Exit Target: $2.00+

Return: -65% 

Stop Target:  None

Action:  Garmin will report earnings on Wednesday.    


TiVo (TIVO, $17.52, down $0.86)

May 20 calls (TUK100522C00020000, $0.65, down $0.30)

Entry Price:  $0.85 (3/5/10)  

Exit Target: $1.70 

Return: -24% 

Stop Target: None 

Action:  Continue to hold.

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, $40.81, down $0.24), Berkshire Hathaway Class B (BRK-B, $77.00, down $1.00), Canadian Solar (CSIQ, $17.26, down $1.05) and Shuffle Master (SHFL, $9.60, up $0.11).    


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, $71.19, down $0.90)

June 80 calls (RFY100619C00080000, $0.90, down $0.10)

Action:  Continue to watch. 

 

Broadcom (BRCM, $34.50, down $1.26)

June 32 puts (BRCM100619P00032000, $0.65, up $0.15)

Action:  Continue to watch.