Weekend Update

So far, APPL, MU, IPI and C trades have proven extremely profitable, i.e. C 4 Apr Calls were up 400% early yesterday this after our 300% return a few weeks ago.  AAPL 200 Calls were about 200% already.  IPI is still below 30 for the short trade and MU was almost at .50.  Most held up even with the pull back after the Korean sunken ship.  I mentioned BIDU 600 calls in person last week only to watch them explode to well over 600 on the news google was pulling out of China.  They have since pulled back below, some research may show this to be profitable again.

So what's next? I am taking it slow... Even if we only have 4 quarters this year like this last one we are doing well.  We are already above last years gains (Courtesy of a little greed in the financials--shorting them was probably not the best idea, although we added to our knowledge of market dynamics).

The next industries I am looking into are Cloud computing, read Rackspace (RAX) as the world leader in this area.  I actually have been to their facility and now they have exploded into much larger spaces to fill demand.  They did have a significant pullback this week and I hope my research will show this as a buying opportunity.  The second, since many name brand drugs are coming off patents soon the smaller (read value) companies should be poised to do well.  I have a friend in the Pharmaceutical sales business who explained the cycle of drug sales and we are at about that 10-year point for the smaller names to do well.  Will continue to look into this for trading opportunities.  As well as manufacturers of medical equipment, VAR just announced a product that will compete with ARAY's and ARAY pulled back to support of $6.  Would like to think this is a buying op for ARAY but their CyberKnife is extremely expensive, if someone were to provide the same capability cheaper they will lose footing...  SQNM should be revealing their next gen product as well, discussed previously.

Citi (C) is still an interesting trade as its support keeps climbing and the Jan 11 LEAPS have exploded in open interest.

Agriculture is another industry to watch if the recovery is taking hold and a quick glance at the Solar industry is showing some stability in support prices as well with many already showing 100% returns.  FSLR pulled back to around 110 and then popped to over 114.  Good for covered calls.

I have been on the road a lot this month so I have missed out on getting in on some of my own recommendations courtesy of just barely off on the entry points.  APPL at 25 instead of 27 as an example...

I also doubled up on my Exxon  (XOM) Jan 11 75$ calls.

Any ideas for the group are welcome!  leave a comment for all to discuss.

Happy Trading...