Posts Tagged ‘Spider Gold Shares’

Bulls Push Higher, JDS Uniphase (JDSU) Surging

12:45pm (EST) The market got off to a good start this morning after China fooled everyone and kept its interest rates unchanged (for now) which has helped the bulls extend last week’s breakout.  We felt there was a slight chance this could happen but we are more interested in theRead more

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Research In Motion Stopped Out

Research In Motion (RIMM, $38.99, up $1.57) is up 4% today and has made a run back to $40. This morning, I sent out a blog before the market opened to make sure that you set stops on the RIMM positions to protect your profits. I had mentioned to alsoRead more

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Gold Hits $1,000

Gold has topped $1,000 an ounce this morning, rising $23.80, or 2.4%, to $1,000.30. The last time gold topped $1,000 was last March when the price reached a record $1,033.90 an ounce. Gold is up nearly 50% from its low of $681 in October and that $1,033 record appears likelyRead more

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Dow Falls Below 7500

Research in Motion (RIMM, $41.87, down $0.23) is trading lower again this morning and has hit a low of $40.97. I had mentioned yesterday that the stock looks headed below $40 but sometimes its nerve racking when you have a short position in a well-known and popular stock that isRead more

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Market Heads Lower

Nasdaq Turns Positive

It has been a tough morning for the market as the three major indexes are mixed. Wall Street is still nervous on just how effective the stimulus plan will be but Tech has suddenly turned positive. The Nasdaq is up 2 points to 1,532 while the Dow is down 111Read more

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Spider Gold Shares Rally

Spider Gold Shares (GLD, $93.21, up $3.00) are finally rallying after a couple of weeks of doing nothing. Gold started to rally yesterday when the bank stocks started to fall and is up $30 today to $945 an ounce, a seven-month high. Gold bulls are buying the metal amid doubtsRead more

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Weekly Wrap for 2/8/09

1. Commentary 2. Straddle’s Part 2 (Amazon Keeps on Rolling) 3. Financial Sector (open positions) 4. Akamai Technologies 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary The market had an outstanding week and it has been a minute since I have said that. For all of theRead more

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Bernie Stole Kevin's Bacon

The buzz on Wall Street this morning is the availability of the just released list for the thousands of victims who lost money investing with Bernard Madoff. We can now add Bernie to the six-degrees of actor Kevin Bacon. Even Madoff’s defense lawyer is listed. The 162-page document was filedRead more

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Wednesday Morning Update

Here’s a look at what we got going on this morning… The market is in positive territory as BMad is back in the news today. You know, Bernard Madoff, the dude that milked investors for $50 billion in the world’s greatest Ponzi scheme. Bernie told the courts today that heRead more

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CFTC Disclosure:

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.