9:00am (EST) Cisco Systems (CSCO, $18.88, up $0.16) made a run over $19 as the July 19 calls (CYQGA, $0.98, up $0.10) hit a high of $1.20 yesterday. They opened at 61 cents on Monday. This was a covered call play but some of you may have bought them straight-up.Read more
Wednesday Wake-Up Call
ExxonMobil Back Over $70
Weekly Wrap for 5/17/09
1. Commentary 2. Power Stock Trading Strategies 3. Covered Calls 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Well, we knew it was coming. After a two-month rally, we saw some major profit taking last week. The Nasdaq which had been up nineRead more
Wednesday's Wake-Up Call
9:15am (EST) Here is a quick rundown of what we have going on: Barrick Gold (ABX, $35.10, up $1.46) May 30 calls (ABXEF, $5.10, up $1.40) Entry Price: $1.35 (4/21/09) Exit Price: $5.00 (5/12/09) Return: 270% We started closing out positions yesterday and most of you should have gotten atRead more
Wells Fargo Entry Points
Priceline.com Beats/ ExxonMobil Dips
1:40pm (EST) Priceline.com (PCLN, $107.27, up $2.37) reported earnings this morning that were better-than-expected. The stock has doubled from its November low of $45 and is right at support/resistance. Before the breakdown to the November low, shares had built a solid base between $100-$110. Once $100 was broken, it wasRead more
Weekly Wrap for 5/10/09
1. Commentary 2. Breaking Down a GE Trade 3. Blackstone Group Revisited 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Even Alan Parsons would wonder “where do we go from here”… The market continued it solid uptrend last week after getting off toRead more