We were whipsawed out of the Freeport-McMoran (FCX, $32.31, up $3.90) trade from last Friday when the stock dropped $4 yesterday. Naturally, I didn’t expect a 10% drop in the stock price when we bought the March 35 calls (FCXCG, $1.50, up $0.97) for under a $1. The calls tradedRead more
Freeport-McMoran Stages Furious Comeback
News Flash: GE Opens Above $7, Now Below $6
April Call Option Watch List
AutoZone Hits Historic Highs
As expected, AutoZone (AZO, $160.00, up $19.97) is trading at new highs after smashing Wall Street’s estimates. For the quarter, the company reported a profit of $116 million, or $2.03 per share, compared with $107 million, or $1.67 per share, versus last year. Revenue grew 8% to $1.45 billion. WallRead more
Market at 12-Year Lows, What Next?
Celgene Heads Lower
Dow Looks Poised to Fall Below 7,000
Weekly Wrap for 3/1/09
1. Commentary 2. “Covering” General Electric 3. Earnings 4. Closed Trades 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary The market is at a crossroad and after a week that saw the Dow bend but not break, we could get a clear direction this week.Read more