9:15am (EST) We were expecting the Dow to trade pretty close to 10,000 going into Thursday’s close as we said it would be the level the bulls and bears do battle at. The Dow added over 200 points to close at 10,005 yesterday after a better-than-expected jobless claims report andRead more
Unemployment Hits 10%
Cisco Beats Street, Stock Up
9:15am (EST) Cisco Systems (CSCO, $23.29, up $0.38) does it again. It shouldn’t come as a surprise the company beat earnings because it has always been known as the “penny beater” on Wall Street. But this time was different. For the quarter, Cisco said it earned $1.8 billion, or $0.30 aRead more
Big Week For Earnings
Random Thoughts
Tuesday's Tidbits
9:30am (EST) Bank of America (BAC, $16.68, up $0.26) November 17.50 calls (BYOKZ, $1.50, up $0.10) Entry Price: $1.25 (8/10/09) Exit Target: $2.50 Return: 20% Stop: 60 cents November 20 calls (BYOKT, $0.70, up $0.04) Entry Price: $0.50 (8/10/09) Exit Target: $1.00 Return: 40% Stop: 25 cents CiscoRead more
Trade Updates
11:35pm (EST) Bank of America (BAC, $16.42, down $0.28) November 15 calls (BYOKO, $2.60, down $0.27) Entry Price: $1.50 (6/12/09) Exit Price: $3.00 Return: 100% Stop: CLOSED Action: These calls hit $3.20 on Friday and I had raised our exit target Thursday night to $3.00. BofA traded to a highRead more
Futures Pointing Towards Big Open
Trade Updates
11:15pm (EST) Ford (F, $7.39, up $0.27) December 6 calls (FLI, $1.85, up $0.20) Entry Price: $1.25 (5/18/09) Exit Price: $2.50 Return: 48% Stop: $1.45 December 7 calls (FLJ, $1.20, up $0.13) Entry Price: $1.00 (5/18/09) Exit Price: $1.50-$2.00 Return: 20% Stop: 75 cents, raise to $1.00 Action: Another newRead more
Wednesday’s Wake-Up Call
Weekly Wrap for 7/26/09
1. Commentary 2. Green Mountain Coffee Roasters Brewing Big Gains 3. Earnings 4. Current Trades & Closed Trades 5. Monday Morning Playbook 6. Closing Thoughts ************************************************** 1. Commentary The market continued its upward momentum last week after a wave of better-than-expected earnings helped pushed the Dow over 9,000. Nearly halfRead more