GOOG

Google's iPad Killer Ready in 6 Months, Says Eric Schmidt

Read more: http://www.foxnews.com/scitech/2011/12/26/googles-ipad-killer-ready-in-6-months-says-eric-schmidt/?test=faces#ixzz1heSa2vU9

I am still a fan of GOOG and recommended 600 Calls back when Google was descending towards 500...  Jan 13 650's may be the next recommendation...

BIDU it's Chinese coutnerpart is over a 1000 bucks split adjusted...

Happy trading....

CROX

Crox has secured 70 million in financing replacing a 30 million credit facility.  Piper maintains overweight rating.  Crox is at a 52 week low currently and maintaining support.  I picked up 17.50 Jan 13 contracts late last week.  may be the equity as well or sell equal contracts out of the money as it moves north...

Happy trading...

RAX Dec 40 Calls

25% return overnight!

happy trading...

Monday...

Quant funds cutting Apple.  APPL is off around 50 since its high and the passing of Steve Jobs.  we have discussed buying puts after the CEO change.  3rd quarter earnings have been good and without Europe news we should be much higher.  There has been no real tailspin drop and the market is showing a bullish trend.  the next event on the horizon is the supercommittee and next week may hold a pull back if there isn't anything out of them on the 23rd...

Picked up dec RAX calls today 40s @ 3.60... looking to exit 4.50 or better...

happy trading...

Sorry, been busy

This has been a tremendous few weeks...  I was talking in the office, better yet playing financial prophet and said we would be at 12100 on the DOW by Friday... So good call.  RAX has broken through resistance and closed above 42, 10$ above our entry point for a 33% return.  Will keep F until at least the 15 level.  STX, SNDK all up tremendously.

Market is indicating an overbought stage, PUTS on the DIA and QQQQ may be the next play.  FAZ is at a 52-week low.  Financials have done very well this week but is the news substantial enough to warrant and keep the rise.  C 13 45 CALLS have doubled.

I am still scouting Dividends

Quicksilver (ZQK) upgrade to buy and had a descent breakout this week.

Will run a RAX analysis and how the triple top and bottom was influence by the market environment, news and analysts reports soon.

Happy Trading...

Sell GOOG 600's Go RAX Drive a Ford

So Google did what we predicted, if you picked up the 600 CALLS, sell them tomorrow for an unbelievable profit, between 2 and 300% depending on your entry price.

RAX upgraded to a $56 price target, passed 50-day MA 5-days ago, broke through 200-day moving average today and bounced off a triple bottom!

If this is a bear rally, there may be opportunity to get back into RAX, but I would start thinking of a long-term strategy to get in before we break the $40 and then up to $56 levels.

F is holding steady over 11 so already making money, all signs are pointing to good earnings info so hold on to this one!

Happy Trading...

Columbus Day Jump (RAX, NFLX, F)

So here are some charts showing the range we are in and my current favorite RAX mirroring the range meaning predictable profits!  Here are the daily charts for the DJI, DIA and RAX.  Speaks for themselves as far as the support and resistance levels we are in.  I have been espousing my RAX greatness to whoever I come in contact with, Buying at 32 or below and selling at 36 making for safe, comfortable profits.  The CALL options for this have been returning far better returns as well.

Ready to pull the trigger on RAX around 32 again! and picked up some Jan 13 LEAP Calls @ 150 on NFLX.  Over 400 days for the stock to move around 30 bucks.  They recanted the idea to split off the DVD rental from their streaming model...

F is returning around 5% from Friday's buy, but keeping this for the return to 16+.  Earnings will be telling so placing a Trailing Stop in just prior...

Happy Trading...

Quiksilver (ZQK) @ 3.16

We haven't looked at ZQK in a while, it surpassed our expectations in the past and this environment has set us back up to load-up.  This is a longer-term swing but should return 60+% w/ a target price of 5 bucks.

Happy Trading...

Great Trading in This Volatility

RAX options have been profitable in these swings.

DNDN is at its 52-week low.

TNK is now returning 18%.

FTR is returning close to 12%

Play the 2 and 3Xs if you have time in the day to trade

USD/EUR is trading on huge volume...  too much risk with votes looming.

Trading the indexes/options with DIA, QQQQ and SPY

Copper at its lowest in almost a year and a half

FSLR still dropping like a rock, any hope here?

Happy Trading...

G20 Insight

G20 giving six weeks on Nov 4 meeting to announce plan for Eurozone.  If positive market bounce coming...


happy trading

Updates

ARAY returning over 10%.  Earnings Monday PM.  Initial look doesn't show support for a large bounce...

RAX jamming.  If you held look at covering at the increased call premium.

TNK back above 6.  Dry Bulk index strong...

Happy Trading...

RAX Sept 13 Calls sold @.90

covered for Fri at 36.  thinking we will get a pullback and get to keep them but am happy if they get called away.

Happy trading...

RAX Potential Again Tomorrow

If the market follows the globe then tomorow is the start of another buyin op.  RAX has held 32 as support through both recent scares.  recommend the covered call at 32 or better.  Or the Jan 12 32 calls at 5 or better.

Need to look at cloud infrastructure, JNPR as well as software virtualization...  VMW and EMC for storage.

Happy trading...

Today's Opportunities

RAX this morning in 34's Jan 12 LEAPS not moving much...  If you sold as a cover, buying back for some profit and sell again on strength.

Picked up ARAY this morning...

APPL 400's going strong

C Jan 13's still a bargain

DNDN pull-back again, speculative LEAPS here

Happy Tradin...

NetAp hitting 52 week low

hardware sector downgraded today.  NetAp given outperform rating...

Happy Trading...

Did RAX just give us a great covered call setup

picking up the equity at 32 and some change or below.  Selling the Jan 11 32 calls at 5 or better.  Holding if your risk level is higher and selling 32s when RAX is back above 35-36...

Happy Trading...

Apple @ 500

500 calls...

Quick Update

RAX is holding its gains made yesterday after being upgraded...

Acuray (ARAY) is down below 5.  Pick this one up for a double in recovery...

TNK is finding support above 6 making a 17% dividend return...

Trade FAZ if your feeling strong...

VMW 100 LEAPS

GOOG 100 LEAPS

Happy Trading...

RAX 38 Dec Calls and More Value Options!

Buy Buy Buy... Even spread over Dec and Jan...  Beating Expectations, great business model... It's all about the cloud.

37 Calls are actually up in this turmoil...

APPL 500s are below 3!  However, I would take advantage of this mess and buy additional time into 12.

TNK is obviously down but now looking at a 17% return dividend.

SIRI is in the 1.70's  2$ LEAPS!

GOOG at 565...

APPL at 365...

VMW, etc. etc...

I would start some layering if the DOW hold 11000 today.

Happy Trading...

So what do we do now?

let's see what happens tomorrow... futures off over 200 points right now.  There will be a lot of fear this week.  I'm still looking at RAX 37 38 39's for dec...  Will wait for the dust to settle first.  PUTS on the indexes was a good call.  short term treasuires may raise rates bur the ten year is what normal mortgages are tied to.  We'll have to sort through this over the coming weeks.

Happy trading...

What we are watching...

First looking for some sign of a bottom.  All three indexes break through the neckline and over 7B in volume on the DOW today with signs of selling to continue.

Possbily looking at 10500.

RAX--looking at 40 Calls
ARA-- buy outright at these prices
TNK--dividend at 16% now, still some issues across the oil shipping industry
CAT--100 Calls
GOOG--600 Calls
VMW--100 Calls
SIRI--2 LEAPS
DIA--100s
AAPL--450 and 500s 500s break below 4...
FTR--Great dividend and upgrade--buy outright at these prices

Shorting the indexes DIA 100 PUTS

Lot's going on.  This activity looks just like 2008!

Happy Trading...

APPL 500s back over 5

Apple was upgraded today to over 515.  Shares on the rise since the open.  setting a buy order for any breach below 4...

market indicators indicating start of double dip.  i am kind of OK with this as we learned tons in the last dip...

happy trading...

Debt Deal Passed, Almost

Futures skyrocketing, but Congress still needs to pass... 

Should have picked up my APPL options Friday for a quick bounce tomorrow...  Tomorrow will be an interesting trading day with the relief trend pushing things up in the morning...  Lot's of economic news coming out that may dampen the rally, although we are off over 500-points again so wouldn't count on a huge pullback after this rally.

Need to do some technical work and look at the S&P for resistance and support and possibly trade the indexes only over the next few weeks.

Happy Trading...

Skulls and Zillows

Skull is now below it's priced opening of 20.  Not too far about .10 below.  Zillow opened up popped to 60 and whoever shorted on the way up is very happy right now.  Zillow did close up over 70% though.  Is this more of a tech bubble than real substance?

I'm waiting and watching for Dunkin Donuts!  Target price is 18-19/Share...

Happy Trading...

All good calls

AAPL, VMW, GOOG, ISRG all surpassing our original marks.

Apple is approaching 400, VM Ware shot through 100 and Google over 600 and ISRG over 375.

This has been a great earning season.  Apple weathered the storm well and market rebound let the consumer feel comfortable buying Apple products.  VM Ware is taking the virtualization need by storm and google still works.

Let's find the next.  These were extreme option plays...

Happy Trading...

SIRI and GOOG

Today was the day...

SIRI Sep 2.00 Call closed @ .41 the high for the day.

Some Perspective...

Today's GOOG 550 Call Returns For

July 785% and 532% for the weekly options
Aug 335%
Sept 233%
Dec 135%
Jan  117%

So know you know why we like earnings season...

Happy Trading...

Dunkin Donuts IPO

Get in, probably around 20$ bucks for us retail mortal traders.  Buy this one and hang on to it.  When it becomes optionable we are going to sell calls against it!

Coffee, donuts and ice-cream, yes they own Baskin Robbins.  Coffee is running faster than the bulls and not sowing down!

9000 stores and counting.  Love their new look, I've been eating donut holes for over 30-years...

Should start trading in the next week or two!

Happy Trading

Goog Approaching 600

Set your limits relatively high on the 550s tonight!

Happy Trading...

SIRI is moving on volatility

I sold my $2 Sept Calls today.  Sorry wanted to buy a new Android tablet and couldn't wait even though with them holding at .34 after touching .39 a penny away from my standing sell-to-close price .  So volatility is locked in now on anticipation they will most likely make a good move forward through July...

As I haven't said in a while, you don't go broke taking a profit.  I saw this mornings run-up and got out at .37...

After the earnings report run and assured pullback let's go into the 2 or 2.50 LEAPS!

Happy Trading...

SIRI is working

So, Sirus Sept 2 has touched .36 the last two days.  Not a bad time to take some profits.

C is starting to work as well.

SODA and GMCR are skyrocketing and TNK is holding above 9.

SOLR has doubled over the year.

Still not seeing anything fundamentally different to cause the 500 point rise over the past few days.  Some good news here and there but nothing has changed tremendously.

Will be interesting to see what happens early August with the debt ceiling.  SIRI should be reporting around the 2nd so seriously consider taking some profits off the table.  If it holds above 2.20 the run-up into earnings will prove to pay out...

Happy Trading...

Busy on the West Coast

So Bernanke spoke, stated the economy is slowing and employment will slow as well.  Of course the markets did not like this only to drop and recover mostly during the day.  Greek austerity deal and futures are back up negating today's losses.

Earnings were strong in the after hours as well causing more "what is the market doing" action.

SIRI has held well staying above 2 at the close during all this, good for September options.  I am going to start lon the 2 or 2.50 Jan 12 and 13's.  We may get a better deal after earnings but this is a good time to start layering into them.

TNK is staying above 9 ago, as expected.  Good times for dividends...

C, well not sure in the near term but highly confident in the Jan 13 4 calls we are holding and adding to.

APPL's pullback may present buying opportunity, we royally traded this wrong last year by not following any of our rules, but were able to escape any real damaging by cutting losses and rolling forward in the troubles last August...  It may be a good time to look at picking up 350 several months out.

RIMM is quickly approaching 30 bucks again!  Did you pick up the 30 Call LEAPS???

Happy Trading...

Let's start looking RIMM Options

Need to start looking into 30 Calls several months out or possibly the LEAPS.  In a MACRO view there is a recurring trend, unfortunately each time RIMM has this type of pull-back it is lower than the last.  I don't see RIMM going bankrupt anytime soon and the Bold is having some issues that should be resolved soon.

Just some ideas...

Happy Trading...

Lot's going on

TNK has been holding steady and back above 9.  This has been a great buying opportunity to lock in 12% dividends...

RIMM plummeted on poor outlook and planned layoffs, however my new work phone is a blackberry and the torch is doing well.

C was recommend to keep picking up at these prices as we will get through the summer and find clarity and is the least exposed to consumer issues and most exposed to emergin markets...

SIRI is holding above 1.90, so keep on the Sep 2 Calls you should be in around .11

Happy trading...

Buy SIRI Sept 2.0 CALLS at .23

Teekay broke down (TNK)

Of course after we discuss the good support around 9 TNK has had in this downturn it pummels.  Today OPEC announced it was not going to increase oil production.  Since TNK is a logistical support of oil by shipping it across the globe this news meant there wasn't to be additional oil production so less to ship.   No rocket science here but not much substance either as this decision doesn't change current and planned charters.  So I think it is another good buying opportunity and increase your dividend percentage...

Happy Trading...

Buy SIRI Sept 2.50 @ .11

SIRI reports In August, catch the run-up.  Charts are recovering from a double top. Time to stock up!

Happy Trading...

Buy SIRI Sept 2.50 @ .11

SIRI reports In August, catch the run-up.  Charts are recovering from a double top. Time to stock up!

Happy Trading...

SODA and TNK

SODA is up over 6% today, I am betting it is in part due to short covering after the earnings news.  Still not sure I'm ready to buy PUTS on it...

TNK has been maintaing a great base around 9 even after 5-days of sell-off in the market.  This still provides us a 13% return.  Morgan Stanley lowered its target price to 10.50, an almost 12% increase from todays price.  Other analyst are still maintaining an 11-12.50 target.  Either way still the time to get in.

Happy Trading...

SODA update and info from The Motley Fool

Head on over to: http://www.fool.com/investing/high-growth/2011/06/03/how-sodastream-goes-to-160.aspx

Good analysis on SODA.  I'm still skeptical like the 18% of Shorters but this is a compelling argument.  If I get time I'll look into some Options Strategies to limit potential risk!

Happy Trading...

Orbitz up 51%

I think I need a twitter account...

OWW up 51% after hours based on court ruling for AA...  I may short this!

Happy trading...

More Dividend Trading/Investing (GGN TNK)

Are you scared to put your money back into the market with full-force.  Can't say I blame you.  As we just received our quarterly dividend from TNK this week I thought I'd introduce you to another dividend play.  Gabelli Global Gold, Natural Res &Income (GGN) This one is a for income purposes.  It pays .14/share every month.  Currently trading at 18.39, it was available around 8 and some change in 2008.  Why does this matter, the math is simple and obvious but when you break it out to monthly payments it becomes one of those ah-ha moments. 

Would 1500 or 800 a month extra income be better?  If you put a 100k in today you would receive 761/month in dividend income (taxable at 15%), if you picked it up in 2008 you would be receiving 1581/month and have 207K in your account (Taxable as a long-term holding).

As I said this is simple month and some hind-sight.  By the way GGN has paid .14/month since 2005.

So why do I show this example, TNK is at the same point, trading in the low 8s last week, now back to almost 9 with a high of just over 20 and a consistent support average of around 11.50.

Yes, riskier given it is dry-bulk shipping and you are at the mercy of spot-rates and countries desires to ship goods across the globe, but the dividend is almost 4.5% higher and we are at historically low levels.

Of Course if you put that 100k into Crox in 2008, yes we researched and discussed the potential for it to grow, especially given it's global interest.  You would have been able to pick shares up for about a buck and holding till today you could have sold for aroudn 28...  Yes, we have watched, researched and recommend several of these to inlcude F, LCC, FAS and FAZ, ATSG, ACTC.OB, ITMN (X2), GMCR... etc.. etc.. etc..

Now, we are probably past the times of long trade triples, 10X etc... but Options Trades certainly get us close and putting that hard-earned cash into dividend income equities is our new strategy to wealth.
Happy Trading...

Where the world is going and some old cyclicals + LNKD

Just some ideas to be paying attention too.

So, with the economy starting to pick up steam in the wrong direction, housing stalling and falling and food and general commodities rising where should we be looking...

We are looking back at our agriculturals, namely Potasth (POT) and Intrepid (IPI) both off there 52-week highs but holding strong, haven't pulled the technicals but I am betting they are holding there 50 and 200 day MA well...

Solar has been performing steadily as well (SOL, SOLR, FSLR).  Demand is still there for alternative energy, especially given the future of oil prices...

Look at the Diamonds, Q's and some SPYders to capture some short term gains either way depending on news.

Shorting LinkedIn (LNKD) worked as it's down about 40 bucks from the high and over 10 from our trades...  Close out the puts now as there is bound to be enough volatility to hurt you, unless you are trading intraday.

Happy Trading...

Green Mountain Coffee (GMCR)

GMCR up alomost 300% since discussed in Dec...  Technicals are indicating overbought but wouldn't be trading now at this level!

SODA is following but still not sure on that one, need to watch for some possbile Short Trades, sell some CALLS or buy some PUTS.

Happy Trading...

TNK down to new 52-wk low

Buy now!

Frontline reported poorly and is taking measure to divest itself as it faces prolonged recovery.  FRO use to be a top dividend producer and has gotten schwacked.  But FRO is not TNK.  TNK today has a13% dividend, you won't be able to lock in that kind of return in the future.

FRO downgraded has influenced the dry bulk shippers.

10 Calls in the front months is where the open interest is with about 50% PUT action...

Layer in starting now and have a steady income stream in the future...

Happy Trading

New Options Listed

We haven't talked about supporting sites in a while so here is the link to newly listed options from the Chicago Board Options Exchange (CBOE).  I recommend exploring the site, as I always say there is more than enough sites and people that are willing to sell you publically available information.  This site along with our options tab have more than enough info than you will ever need.

http://www.cboe.com/framed/PDFframed.aspx?content=/publish/TTNewLS/11-334.pdf&section=SEC_RESOURCES&title=CBOE%20-%20CBOE

Dividends! (TNK)

Teekay announced a dividend increase from .22 to .25 today payable on 27 may to shareholders of record on 20 May 2011.  This equals about a 13% return on my cost basis.  Not too bad for holding onto a stock.

Green Mountain (GMCR) has pushed to $75 and SODA is pushing $45. 

Happy Trading...

Green Mountain is Unstoppable!!!

From Schaeffers Research:
Shares of GMCR are trading fractionally lower this morning, despite a generous price-target hike to $97 from $65 at Canaccord Genuity. The brokerage firm also reiterated a "buy" rating on the Vermont-based beverage concern -- but if the shares aren't showing much response to this bullish note, it's likely because they're due to consolidate some gains. GMCR gapped higher last week after a well-received earnings report, and now sports a borderline-overbought Relative Strength Index (RSI) of 68. 

http://www.schaeffersresearch.com/commentary/content/upgrades+downgrades+anf+ccj+do+gmcr+and+sndk/trading_floor_blog.aspx?single=true&blogid=106211

GMCR is 77 in the after-hours, quite a bit higher from the 27 we were picking it up on the SEC investigation news!

Happy Trading...

Citi to Triple by 2013

Wouldn't that be awesome for our 4.50 Jan 2013 Calls!!!!!!  What's the call... the 4.50's are cheap, keep picking them up!  Remember the 10 for 1 stock split takes effect tomorrow.  Don't think you are now 450% richer than you were Friday!

Here is the coverage from CNBC...

http://www.cnbc.com/id/42937720

Happy Trading...

Up in the Clouds...

Cloud computing is roaring forward.  A necessity in today's IT environment.  IT never got love when going in front of the board for money, so anything you can do to capitalize on your IT budget is a requirement.  Cloud being an architecture and strategy enabled by things means buy those companies with a strong presence in those things.  Example, large outsourced server farms i.e. RAXspace.  Software enabling multiple systems on each server i.e. virtualization VMWare, up over 11 bucks today on strong earnings.  Lare outsourced network storage mangement software EMC the parent of VMW.  RAX is up over 200% from last calls summer of 10.  The chart below shows a new base setting up.  A bit oversold on the stochastic with slight pullback will be bouyed by the earnings and jump today.  A little follow through and RAX is setting up for a northerly push...

Cloud architectures and software as a service or just about anything as a service is the future, embrace it...  Or, at least trade it.

Happy Trading...

Zacks Citi earnings preview and Silver

Citi reports Monday before the bell!

http://www.zacks.com/stock/news/51369/Earnings+Preview%3A+Citigroup+Inc

Has silver shot through the roof too fast? Time to pick up some PUTS in SLV?  SLV has been on a strong climb since late August 2010.  Let's explore this... 

Gold going to 150?

Municipal Bonds still crashing?

Lot's to think about, now to find time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Happy Trading.

ITMN European Approval Announcement 3/3/2011

Those following INTM should be receiving these updates in your email... If you are not, most of the BIO/PHARMA companies investor pages have subscription service for shareholder announcements!

http://phx.corporate-ir.net/phoenix.zhtml?c=100067&p=irol-news&nyo=0

Dude, I need a Winner ;-)

I wish I had some winning tips right now...  Been busy lately getting ready to move and travelling. 

Keep layering into C 13 4.50's or even 4's on this termoil.  TNK announced another dividend, .22 for March.

Given the move to data-centric and cloud computing...

RAXspace, VMW for cloud computing.  SGI is Cramers speculative cloud play.

Oracle is poised to do very well in the high-speed data-access market with their combined servers and DB software.

Google for the android revolution...

Got to meet with an old-friend on a trip a few weeks ago and had an impromptu options discussion where he has been selling PUTS on silver ETFs.  Was a very good play as silver stayed strong through the oil fear.

In the money CALLS on DIA several months out to ride out the current termoil...

I would not be in the market long right now, only in to make a few trades and then out.  This is also, Waxie's recommendation as well.  There is just too much news volitility right now to make any short term/swing trades.

Maybe we should make a VIX based on the headlines and trade that...

Happy Trading...

S&P fell below the technical level of 1324 today.  Given the crisis in Libya this may be temporary but listening to the smart guys on CNBC today's action wasn't like most of the past pull-backs.  I recommended buying on the Egypt crisis which was different and that strategy worked, however this is different since Libya is an OPEC nation and crude has been impacted significantly price-wise.  Refiners aren't indicating any issues yet...

I did take the day to pick up more of my favorite dividend play Teekay Tankers (TNK).

APPL was a good short and was highlighted on Options Action as such, we'll have to see where the innovation goes from here.

FAZ closed back above 8 today on strong price action.  If you are bearish on financials this is the one to trade.  I am not as I still hold contracts of C jan 13 4.50 calls...  Today was a good day to continue layering in....

Had the good fortune of visiting with an old friend and colleague this past week and of course an unprompted discussion on options came up.  He is selling silver cash-secured PUTS on SRV Ishares Silver, and as of our discussions he is well into the safe zone on those.  If fear is an indicator it would show that people are getting into Silver as well during financial uncertainty, need to research this one more to understand the long term trading strategy.

More on Teekay (TNK)

I recommend buying on this dip, again...  They recently offered up class A shares at 11.33 which is the cause for the pullback.  Their earnings estimates were readjusted after this but still hold a buy rating and 15 price target.  Getting in here allows you to maintain those 10+ percent dividends...

Happy Trading...

Some More Updates

Accuray is now trading close to $10.  This after a great earnings season.  Corporate officers have been taking a few well deserved profits but I don't see this as a cash and carry.  Volume has been strong and there is certainly great potential for this company. 

Rackspace has more than doubled since our option plays earlier this year, believe we were buying the 17 call options at one point, now trading over 36.

Cloud, social and mobile computing are probably the next big thing to make you rich, it's just how do you go about playing the field.  Cloud enables so many developers, individuals and small companies to develop great products that finding one that is breaking the next commercial giant is going to be difficult.  Virtualization companies are poised to prosper as well since the enable much of the cloud space.

Happy trading...

Teekay (TNK)

Teekay paid us AGAIN on Friday!  They received a buy rating pushing the equity back to 12, this after a underperform rating a couple of weeks ago.  I'm still in and still buying monthly.  Can't beat the dividend and if we get back to 2007 levels Sharkwater Meeting in Bora Bora in hut over the water!

Happy Trading

Playing the Unrest in Egypt

After Friday's selloff, what are us little guys to do? If we learned anything from last year, it's not to try and get in on shorting the market while the worry continues since we usually don't have the time to sit in front of strategy desk all day and catching intraday or week corrections.  However, we know the Greece issues caused the market concern but still continued its rally after it quieted down.  If we stuck to trading outer-month options verses front-months we would done much better last year than we did.  So, I am taking advantage of the pullbacks but being cautious with quantities this time as there is potential for a good correction this time.  However if you are already "all-in" with your account, either hang on or double down on significant pull back but don't sell yourself short this time.

Cotton futures will probably spike since Egypt is a major exporter and as we all know oil is to be little affected directly, however if ships can't get it out of the Suez canal then you pretty much have the same effect of not being able to produce oil!

Happy Trading...

Upcoming IPO's

Symbol Name Price Range Shares Expected Pricing Date


NPTN NeoPhotonics $9 - $11 7.00 M Week of 01/31

CDM China Century Dragon Media $6 - $7 1.40 M Week of 01/31

TRNX Tornier $19 - $21 8.75 M Week of 01/31

BHZN BioHorizons $15 - $17 5.63 M Week of 01/31

EPOC Epocrates $13 - $15 5.36 M Week of 01/31

IFT Imperial Holdings $14 - $16 16.67 M Week of 01/31

ECYT Endocyte $13 - $15 5.35 M Week of 01/31

TBOW Trunkbow International Holdings $5 - $7 5.00 M Week of 01/31

MEDH MedQuist Holdings $10 - $12 7.83 M Week of 01/31

PCRX Pacira Pharmaceuticals $14 - $16 4.25 M Week of 01/31

ACRX AcelRx $12 - $14 5.77 M Week of 01/31

KIPS Kips Bay Medical $8 - $10 2.75 M Week of 02/07

AVO The Aveon Group L.P. $14 - $16 15.70 M Week of 02/07

GEVO Gevo $13 - $15 7.15 M Week of 02/07

CLRS Clarus Therapeutics $11 - $13 5.00 M Week of 02/07

Happy Trading...

Currency Trades

So with current unrest in Egypt, trading currencies is proving to be either, very profitable or sending you to the poor house, shorting the Euro is the right move today while long the dollar is even a better trade.  It is one thing to speak about how the dollar shouldn't be the measure of other currencies when the globe is at rest but a little uncertainty and the world goes back to assurance.

Not to say that this is a long term trend but for traders, like last time, shorting the Euro is making money.


Happy Trading...

Accuray (ARAY)

We haven't talked about ARAY for a while, if you remember we traded it a couple of times while waiting for corporate news to keep up with product potential.  They easily beat expectations yesterday and are trading above 8 on strong volume.  Not much options interest in this name but if you want to buy it I would sell some puts and if it does pull back you will at least own it at a discount.  If you really want to own it you can buy some 7.5 calls as the premiums are making break even around 8.50 or buy it outright today.

Happy Trading...

Citi (C) 5 April Calls

Citi is holding a great base around 4.80 on good volume.  We are buying Citi 5 April calls in anticipation of a run-up through next quarter's earnings report due early April.  Buy at or below .22 and adjust as you layer in based on the underlying direction...

We are also continuing to pick up Jan 2013 4.50 calls on these pullbacks,  still above our intial entry points.  If you took your profits prior to earnings, this is a good time to put them back in...

Happy  Trading

Some ideas to queue you up...

A couple of ideas to keep in the back of your head as you research stocks, watch CNBC or read the paper...  These could be game changers delivering tremendous returns over time...

Continued cloud computing enabling technologies, everything as a service SaAS, TaAS... No more owning anything but the machine you plug-in to the internet with.  All driven by ad-revenue and social services...

Smart energy and associated products, smart meters, better electrical transmission technologies, smart grid etc...

Breaktrhough medecines and medical technologies to include personalized medecine.  Extremely more affordable personalized DNA mapping leading to effective preventative protocols preventing disease before they have a chance to start.

Happy Trading...

Some weekend updates... EUO, AAPL, C

I am just getting into currencies, not brave enough to trade FOREX yet so have been looking at trading calls on ETF's. This tremendously reduces my risk and exposure but keeps me in tune by trading for real.  If the euro/dollar can manage a close above $1.3307, the 50-day simple moving average, get out of EUO calls and long the Euro.  Shorting the USD is the next currency play.  American debt is mounting and may potentially lose its triple A credit rating...

So le'ts review one of the top calls made this year, AAPL.  My post here had us in the 2011 Jan 200 Calls:  http://www.sharkwatertrading.com/2010/03/aapl-2011-200-call-update-others.html when they were approaching 31$.Currenlty they are trading at 148$, a 500% return for the year if you kept them!

Citi is performing as expected.  Need to watch Tuesdays earnings report.  I recommend selling in the a.m. if you are happy with your profits or holding steady for the rise to 6 this year.  Good possiblitiy of a pullback if they don't hit all investors expectations but should hold steady around 5 before next round of news could push it higher...  Need to see the improvements to see the movement.

Happy Trading...

Shorting the Euro (EUO)

European debt is mounting, Euro is dropping, oil is jumping.  China will be the next world's largest economy by 2020...  This could be an American folk song in the future, probably not a good future.

With the Euro being weak I have chosen to buy long calls on a short Ultra ETF, the EUO.  Purchasing ATM May 22 2011 calls.  The Euro scare of last year made many people a ton-o-money.  It quickly recovered after the commitments from internal states but the fundamental problems are still there.  It has been making headlines, although fairly quietly, lately but that is the time to start getting in on a trade...

Happy trading...