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
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
Bulls Find No Room to Run/ Ford Put Play
Weekly Wrap for 3/8/09
1. Commentary 2. Bounce or No Bounce? 3. Apollo Group Heads Lower 4. Earnings 5. Current Trades 6. Monday Morning Playbook (Take-Two) 7. Closing Thoughts ************************************************** 1. Commentary The market took another pounding for the week as all three indexes lost between 6%-7%. There was a flurry of expected andRead more
Ford And General Motors Get Wish
After rubbing the genie bottle for weeks, the auto companies will likely get their wish finally granted to them. The market has opened higher after reports that the White House and congressional Democrats have finally reached an agreement in principle on a $15-billion bailout plan. Shares of Ford Motor (F,Read more