Tuesday, January 24, 2012

Tech Rage, Some Shoes and Other Updates

AAPL, as usual, crushed earnings, up 7% in the AH breaking 450! NASDAQ futures up.  EMC smashed earnings and forecast for an almost 60% return on the Jan 25 13 LEAPS. 

CROX 17.50's up almost 100% from the time recommended.

Cloud is the future, storage, management and security of cloud components: hosting, enabling, transport etc.  Those are the companies to watch and find the best of breed.  EMC, VMWare NetApp, IBM etc. etc. etc.

Still watching GOOG, looking at Jan 13 600's for a long play.

Laughing at Wallstreet is a great book, put's the information arbitrage and psychology of trading boldy on well planned trades.  I need to write a review on this.  Bottom-line is the CROX and EMC calls were solid on every front and I should have split my portfolio between the two...

F reports Thursday, current indicators are pointing to a solid report.  Recommend trailing stops Wednesday as protection.  If it moves above 14, volitility should increase upping the Call premiums.  I plan on covering at 15 a couple months out with the plan to be called out, but I'll take the premium only as well.

SIRI, almost a double on the Jan 13 2$ Calls, the underlying is staying above 2 now, solid base, what's the catalyst for the move to $2.50...

ARAY, has recoverd nicely as well as ZQK.

My all-time fave and lacking call is TNK, it has been noted lately, has over half of it's spots covered for 12.  Has performed a nice rebound off the bottom, if you picked it up in the 3s hold this one, you may never get the dividend return like this again.  Also eyeing DRYS and FRO in the shipping lanes.

Airlines are worth watching again.

Happy Trading...

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