Category Archive for ‘Rick’s Account’

March 23, 2009

Best Buy Gets Upgrade

by Rick Rouse / No Comments / Posted in Rick's Account, Daily Update, Company Commentary, Option Trades

I wanted to update the two trades I mentioned in the Monday Morning Playbook from last night’s Weekly Wrap. Best Buy (BBY, $33.70, up $1.40) got a price upgrade from Goldman Sachs (GS, $106.30, up $8.98) to $35 from $33 based on higher sales expectations. I had mentioned Best BuyRead more

March 18, 2009

IBM in Talks to Buy Some Sunshine

by Rick Rouse / No Comments / Posted in Mergers and Acquisitions, Option Trades, Rick's Account, Daily Update, Company Commentary

IBM (IBM, $91.95, down $0.96) traded lower today after news this morning that the company was considering buying Sun Microsystems (JAVA, $8.89, up $3.92) for $6.5 billion in cash. We all know what happens when this type of deal is announced. The company that is making the acquisition usually tradesRead more

March 16, 2009

Drive for Five Ends Short

by Rick Rouse / No Comments / Posted in Market Analysis, Financial Stocks, Option Trades, Rick's Account, Daily Update

After a strong start, the market fizzled and ended the day with the short end of the stick. The Dow managed to trade as high as 7,400 before finishing the session down 7 points to close at 7,216. The Nasdaq took the hardest hit as it fell 27 points andRead more

March 16, 2009

IBM Leads Dow's Charge

by Rick Rouse / No Comments / Posted in Daily Update, Option Trades, Rick's Account

IBM (IBM, $92.00, up $1.64) is taking the Dow higher as the index is up 104 points to 7,328. I mentioned in last night’s Weekly Wrap that I was watching the April 100 calls (IBMDT, $1.10 up $0.12) and I bought 10 contracts at $1.08 at 10am (EST) this morning.Read more

March 13, 2009

JPMorgan Trade Closed

by Rick Rouse / No Comments / Posted in Option Trades, Rick's Account, Daily Update, Sectors

JPMorgan (JPM, $23.75, up $0.55) had another decent day and traded above $24 before finishing Friday’s session 2% higher. The rally in the financials lasted for about the first hour or two of trading but many of the financial stocks ended off their session highs. I’ve been talking about theRead more

March 12, 2009

It's All About the Financials

by Rick Rouse / No Comments / Posted in Daily Update, Option Trades, Rick's Account

What a difference a week makes. If you have been a regular reader of the blog then you know how bearish I’ve been about the financials since we started the blog in April 2008. It’s been amazing to watch the stock prices of some of the most powerful names youRead more

March 12, 2009

Financials Continue Rally

by Rick Rouse / No Comments / Posted in Rick's Account, Daily Update, Option Trades

Financial stocks remain one of the strongest performing sectors in the market today and have helped the Dow get back above the 7,000 level. Tuesday night I mentioned the JPMorgan (JPM, $21.78, up $1.38) April 25 calls (JSADE, $1.31, up $0.30) and how I had put them on my watchRead more

March 11, 2009

ConocoPhillips/ Exxon Mobile End Lower

by Rick Rouse / No Comments / Posted in Oil, Option Trades, Rick's Account, Daily Update

***Full Disclosure*** I closed my position in ConocoPhillips (COP, $37.98, down $0.02) today. We got some bad news this morning that effected the momentum of the oil stocks as crude supplies climbed unexpectedly by 700,000 barrels. Analysts were expecting a drop of 1 million barrels. As a result, oil fellRead more

March 10, 2009

ConocoPhillips/ Exxon Mobile Update

by Rick Rouse / No Comments / Posted in Daily Update, Option Trades, Rick's Account

The bulls are having a party today as the Dow is up 253 points to 6,800. The financial stocks are having a huge rally but were are more interested in what ConocoPhillips (COP, $37.86, up $1.33) and Exxon Mobile (XOM, $66.79, up $2.22) are doing right now. The dollar isRead more

March 9, 2009

ConocoPhillips Eyes $40

by Rick Rouse / No Comments / Posted in Daily Update, Rick's Account

I just bought 10 contracts to open of the ConocoPhillips (COP, $36.47, up $1.12) March 40 calls (COPCH, $0.58, up $0.20) at 58 cents. My target is 75 cents to $1.00 with a stop set at 40 cents. The Exxon Mobile (XOM, $65.03, up $1.00) trade is doing well asRead 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.