Sunday, July 11, 2010
Friday, July 9, 2010
It's Friday
Apple was up on low volume, looks like we are getting into the pre-earnings ramp-up. Should be an interesting week next week. AAPL reports on 20 July. The Aug 250's are almost $20, looking to exit north of $30. Looking for Apple to break above 270 after earnings report.
C broke and stayed above $4 today, let's keep it going. Jan 11 4 Calls are going to make for a good Christmas.
TNK announced another dividend. This time .37 per share, gotta love it. At these prices TNK is one of the highest yielding dividends out there and they just got upgraded!
AEO guided lower on guidance but broke $12 today, keeping the 12.50 calls for August, let's see if expectations are too low and they beat earnings.
DIA 103 July Puts are below $2 again, not a bad ride, up 300% since initial buy recommend and back down, bought, then sold and it would have been a good month.
Happy Trading...
Happy Trading...
C broke and stayed above $4 today, let's keep it going. Jan 11 4 Calls are going to make for a good Christmas.
TNK announced another dividend. This time .37 per share, gotta love it. At these prices TNK is one of the highest yielding dividends out there and they just got upgraded!
AEO guided lower on guidance but broke $12 today, keeping the 12.50 calls for August, let's see if expectations are too low and they beat earnings.
DIA 103 July Puts are below $2 again, not a bad ride, up 300% since initial buy recommend and back down, bought, then sold and it would have been a good month.
Happy Trading...
Happy Trading...
Tuesday, July 6, 2010
Sunday, July 4, 2010
Dry Bulk Shipping Info
Rental income from shipping Saudi Arabian crude oil to Japan, the industry's benchmark trade voyage for supertankers, fell below the level Frontline Ltd., the largest operator of the ships, needs to break even on them.
Returns from the route fell 8.4 percent to US$29,953 a day. That's the first time since May 14 that income has dropped below the US$31,100 a day that Hamilton, Bermuda-based Frontline Ltd. said May 21 it requires to make a profit on the carriers.
From Taiwane News:
Frontline, one of my favorite dividend producer's is below 30 right now, this news may be already have been known and driving to the current decline, otherwise expect FRO to drop more...
"Rates are falling by the fixture and nobody knows when owners will hit the brakes," Per Mansson, managing director of shipbroker Nor Ocean Stockholm AB, said in an e-mailed note today. "We will soon get to levels where some owners have no interest in fixing and that means less offers for charterers requirements and hence a new floor will be set."
Income from the Saudi Arabia-to-Japan route has slumped 59 percent in the past 10 sessions, according to the exchange.
Returns from the route fell 8.4 percent to US$29,953 a day. That's the first time since May 14 that income has dropped below the US$31,100 a day that Hamilton, Bermuda-based Frontline Ltd. said May 21 it requires to make a profit on the carriers.
From Taiwane News:
Frontline, one of my favorite dividend producer's is below 30 right now, this news may be already have been known and driving to the current decline, otherwise expect FRO to drop more...
"Rates are falling by the fixture and nobody knows when owners will hit the brakes," Per Mansson, managing director of shipbroker Nor Ocean Stockholm AB, said in an e-mailed note today. "We will soon get to levels where some owners have no interest in fixing and that means less offers for charterers requirements and hence a new floor will be set."
Income from the Saudi Arabia-to-Japan route has slumped 59 percent in the past 10 sessions, according to the exchange.
Saturday, July 3, 2010
Northgate Mining
I like mining companies. Before I started this blog I use to trade Hecla Mining Corp in the "penny-stock" days to see it above $4 now and over $7 in the past year...
Here is another one that mines gold with a good prospect for future developments...
Northgate Minerals (NYSE: NXG) $2.95. Today announced that it has received notice from the Ontario Ministry of Northern Development, Mines and Forestry ("MNDMF") of acceptance of the Closure Plan for the Young-Davidson Mining Project. Acceptance of the Closure Plan allows Northgate to commence construction and development of the Young-Davidson mine, which is forecast to produce an average of 180,000 ounces of gold per year at a cash cost of $350 per ounce over a 15-year mine life starting in 2012.
Happy Trading...
Here is another one that mines gold with a good prospect for future developments...
Northgate Minerals (NYSE: NXG) $2.95. Today announced that it has received notice from the Ontario Ministry of Northern Development, Mines and Forestry ("MNDMF") of acceptance of the Closure Plan for the Young-Davidson Mining Project. Acceptance of the Closure Plan allows Northgate to commence construction and development of the Young-Davidson mine, which is forecast to produce an average of 180,000 ounces of gold per year at a cash cost of $350 per ounce over a 15-year mine life starting in 2012.
Happy Trading...
Friday, July 2, 2010
Talk about a Death Cross
Today FAS crossed FAZ, The bear's are now in control at least with respect to the russel 2000. This isn't the death cross that the analysts are seeing with the 50 and 200 day moving average and the S&P is still holding above 1020... for now...
The CBOE is experimenting with weekly options for 4 stocks, one of them is Apple. So if you are really looking to gamble in this market they have options that expire each week now...
Update on AAPL after the torturous last few days... Rolling options is a strategy to make up or prevent losses by buying time. I rolled my July 260's forward to Aug 250's at the low Thursday. Makes a difference when you can actually look at the market during the day. They were almost immediately profitable and up well in the afternoon. AAPL has a class action law suit heading its way on the antenna issue, although Apple announced it is a software issue and will correct and send out an update for the signal strenght algorithm and the singal strength graphic. Apple has not seen a slow down in sales from this issue--so no impact to earnings...
With the roll-forward I also picked up Jan 11 Citi 4 Calls on the pullback and the Govt selling theirs at an avg 4.01.
Tesla was a good short play, an IPO on a company that isn't expected to make any money for a couple of years and jumps almost a hundred percent isn't likely to stay that high...
Although Apple is still getting beat up with the market under pressure each day, it holds a good base and trends the market well.
We have had a good run on AAPL recently but the volatility has changed so if you are going to stay as a trader you need to watch it, recommend some type of spread to limit losses.
Happy trading...
The CBOE is experimenting with weekly options for 4 stocks, one of them is Apple. So if you are really looking to gamble in this market they have options that expire each week now...
Update on AAPL after the torturous last few days... Rolling options is a strategy to make up or prevent losses by buying time. I rolled my July 260's forward to Aug 250's at the low Thursday. Makes a difference when you can actually look at the market during the day. They were almost immediately profitable and up well in the afternoon. AAPL has a class action law suit heading its way on the antenna issue, although Apple announced it is a software issue and will correct and send out an update for the signal strenght algorithm and the singal strength graphic. Apple has not seen a slow down in sales from this issue--so no impact to earnings...
With the roll-forward I also picked up Jan 11 Citi 4 Calls on the pullback and the Govt selling theirs at an avg 4.01.
Tesla was a good short play, an IPO on a company that isn't expected to make any money for a couple of years and jumps almost a hundred percent isn't likely to stay that high...
Although Apple is still getting beat up with the market under pressure each day, it holds a good base and trends the market well.
We have had a good run on AAPL recently but the volatility has changed so if you are going to stay as a trader you need to watch it, recommend some type of spread to limit losses.
Happy trading...
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