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Priceline.com Beats/ ExxonMobil Dips

1:40pm (EST) Priceline.com (PCLN, $107.27, up $2.37) reported earnings this morning that were better-than-expected. The stock has doubled from its November low of $45 and is right at support/resistance. Before the breakdown to the November low, shares had built a solid base between $100-$110. Once $100 was broken, it wasRead more

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Weekly Wrap for 5/10/09

GE Regains Strength

Diary of an Option Trader

11:15am (EST) The unemployment numbers really threw a monkey wrench in this morning’s trading plan and despite the Dow’s best efforts, we have slipped off of our highs. The unemployment rate jumped again, to 8.9% from 8.5%, as many businesses continue to be cautious from hiring. Selected areas are pickingRead more

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Freaky Friday

Bank Of America Breaks $15

Thursday Wake-Up Call

IMAX Earnings on Thursday

1:30pm (EST) I have mentioned Imax (IMAX, $6.86, down $0.12) here in the blog numerous times and most recently on April 23rd. Back then, the stock was at $6.28 and hit a high of $7.19 yesterday before fading. The company will report earnings on Thursday and here is what weRead more

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Casino Stocks Rolling/ Banks in Focus

9:00am (EST) I spent much of yesterday just catching up on news that I missed and getting a feel for the market. The casino stocks look like their hair has caught fire (again) and we played these names back in the beginning of April for about a week. We madeRead more

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Dendreon/ MasterCard Update

Sometime After Midnight (EST) Dendreon (DNDN, $21.53, up $0.15) has been in a funk since the “big announcement” of its cancer drug, Provenge, hit the world. I was afraid of this happening but I have been warning you of this. Pure and simple, the euphoria has worn off since theRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.