Blog

September 2009 | Members 12:30pm (EST ) NEW TRADE! One stock I’m watching today is Freeport McMoRan (FCX, $69.54, down $0.82) which is looking like it wants to test its 52-week high of $77.  The move above $67 last week was the key bulls were looking for.  The stock is noRead more

September 2009 | Members Time stamp (EST) ]]>

September 2009 | Members Time stamp (EST) ]]>

September 2009 | Members 1:20pm Trade Update A couple of trades that we are watching carefully today:     First Solar (FSLR, $137.08, down $3.07) got a pop and then dropped.  I had mentioned this morning if the October 165 calls (HJQJM, $1.95, down $0.65) got to $3 to sell half of theRead more

8:30am (EST) New Trades I did some research over the weekend on Disney (DIS, $26.95, up $0.67) after its buyout of Marvel Entertainment (MVL, $48.73, up $0.09) for $50 a share.  The first thing that I had reservations about was that the deal calls for cash AND stock from DisneyRead more

September 2009 | Members 9am (EST) Citigroup (C, $4.68, down $0.17)   January 7.50 calls (CAQ, $0.19, down $0.04)   Entry Price: $0.32 (8/28/09) Exit Target: $0.60  Return: -40% Stop:  None     January (2011) 10 calls (VRNAB, $0.50, down $0.07)   Entry Price: $0.60 (8/28/08)  Exit Target: $1.20 Return: -17% Stop: None   Action:  TheRead more

September 2009 | Members Here is the rest of the Imax story: Let’s get back to the here and now.  I’m not too crazy about the secondary stock offerings but the company has raised a ton of cash to satisfy its debt and continues onward with their rollout plans.  OneRead more

September 2009 | Members 8:30am (EST) Here are the current trade updates.  They came back a little but remember these are longer-term options to even out the volatility…   Citigroup (C, $4.77, up $0.21)   January 7.50 calls (CAQ, $0.23, up $0.02)   Entry Price: $0.32 (8/28/09) Exit Target: $1.00 Return: -28% Stop:  None  Read more

September 2009 | Members 9:15am (EST) Trade Updates (quotes are from Wednesday):    Citigroup (C, $4.56, up $0.02)   January 7.50 calls (CAQ, $0.21, up $0.02)   Entry Price: $0.32 (8/28/09) Exit Target: $1.00 Return: -34% Stop:  None     January (2011) 10 calls (VRNAB, $0.50, up $0.02)   Entry Price: $0.60 (8/28/08)  Exit Target: $2.00Read more

September 2009 | Members 9:10am (EST)   Bank of America (BAC, $16.46, down $1.13)   January 20 calls (BYOAT, $1.08, down $0.34)    Entry Price: $1.18 (8/12/09) Exit Target: Closed at $1.30 (9/1/09) Return:  10% Stop: $1.30   Action:  After hitting a high of $17.86, BofA dropped with the rest of theRead more