Futures were slightly lower heading into overnight trading of the overseas markets and have remained that way as we head towards this morning‘s opening bell. The docket is light today as far as economic and earnings news so we aren’t expecting too much action today.
Rambus (RMBS, $20.65, up $0.25) is up over 10% in pre-market action after raising guidance for the quarter to between $85 million-$93 million. The company previously forecast revenue in the range of $40 million-$50 million but is getting a $47 million payout in the current quarter. The royalty payments of $180 million to Rambus will be paid over the next five years as part of the Elpida agreement.
In our Weekly Wrap last night we gave you a special offer to sign-up early for the Weekly Wrap by purchasing our trading manual, “How to Trade options on Momentum Stocks”. We have already done a handful of videos and we are planning to do another one in the week ahead. Remember, when we launch the Weekly Wrap, it will be a paid membership priced at $599 for a year membership.
By ordering our trading manual NOW, you can start your membership/ subscription immediately. Again, for those of you who have already purchased the manual, you will automatically be signed-up for the Weekly Wrap for all of 2011. In other words, everyone will be getting a 2-for-1 deal if you purchase the manual by December 31st.
Click here to learn more about our trading manual:
Also, don’t forget we recommended you buy Patriot Coal (PCX, $17.50, down $0.04) at 10am this morning and sell one January 19 call (PCX10122C00019000, $0.83, down $0.05) for every 100 shares you purchase. We will cover this trade in next Sunday’s Weekly Wrap, up until we launch our new service.
As we head to press, Dow futures are down 21 while the S&P futures are off 4. The Nasdaq 100 futures are lower 2 points.
We have a lot to cover in our Members Area so let’s get to it.]]>