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Tuesday's Tidbits – Dendreon Countdown

8:30 am (EST) We have about 30 minutes before the Dendreon (DNDN, $7.30, up $1.00) news comes out but here are some other updates before we get consumed with the news. The stock was down 2 cents in after-hours trading before it was halted for this morning’s pending news. IRead more

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News Flash: Dendreon News Coming Tuesday/ Goldman Announces

What a busy day. What a busy weekend. I spent most of the weekend doing the Weekly Wrap as there were numerous topics I wanted to discuss but still didn’t get them all in. However, the ones I did fit into the newsletter were all on stage today. Of course,Read more

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China On My Mind

1:35pm (EST) The market is making a comeback as the Dow is down only 35 points and is back over 8,000. The financial stocks continue to shine but some of the China stocks are booming as well. Baidu.com (BIDU, $199.61, up $9.29) looks like it will take $200 out todayRead more

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Goldman Sachs Golden

11:00am (EST) Goldman Sachs (GS, $129.08, up $4.75) is pushing higher this morning despite the Dow being off triple-digits. The stock is up nearly 4% as the company is set to report earnings Tuesday morning. In the Weekly Wrap last night I profiled the April 140 calls (GSDH, $2.32, upRead more

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Weekly Wrap for 4/12/09

1. Commentary 2. Take-Two Interactive Back in Play? 3. Banking on Bank of America Pays Off 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Down but not out, the bulls staged a furious rally last Thursday that sent the bears a message thatRead more

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Dendreon Holding Steady/ Close April Calls

8:45am (EST) Dendreon (DNDN, $6.37, down $0.21) has held above $6 all week after hitting a high of $7.35 on Monday despite numerous “sell” recommendations on the stock. This has killed all of the momentum as talking heads continue to talk negative about the move the stock has made. ByRead more

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Hello…Ruby Tuesday

11:30 am (EST) The Rolling Stones may have said “goodbye” to Ruby Tuesday (RT, $6.08, up $2.18) but Wall Street is saying “hello” after the company announced better-than-expected earnings today. The popular restaurant chain said it earned $4.8 million, or 9 cents a share, for the quarter. Excluding charges, earningsRead more

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Wednesday WakeUp Call

9:00 am (EST) As we head towards the opening bell, the market is trying to open on a higher note despite the Alcoa (AA, $7.79, down $0.12) news. Dow futures are currently up 11 points, S&P futures are up by 3.5 while the Nasdaq futures are up 11. We wereRead more

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Alcoa Reports Wider Loss

4:45pm (EST) Alcoa (AA, $7.79, down $0.12) posted a wider-than-expected loss after the bell when it reported it lost 59 cents a share. Wall Street was expecting a loss of 56 cents. However, the company did beat on the revenue side when it posted $4.1 billion versus expectations of $4.08Read more

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Toyota Motors Headed Below $70?

11:45 am (EST) Toyota Motors (TM, $73.06, down $0.61) looks like it could be headed below $70 and I like the April 70 puts (TMPW, $1.35, down $0.05) here at these levels for a quick one or two day trade. I would not pay more than $1.40-$1.45 for the putsRead more

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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.