EMC Breaking Out

EMC provided an early look at its earnings for next week and popped 10% today.  Earnings have been coming in strong, yes they are low-balled, but enough to create enough momentum to trade for now.  EMC Jan 13 30 Calls were up 130% from yesterday, we added 50% to our position yesterday before the report and picked up more shares outright...  Jan 12 24 Calls up over 200%.   Have limits in to catch the momentum up.

Happy Trading!!!

Coal Profits

Sorry, I didn't ID this one but it was a very risky trade, although it netted 112% return in a few days thanks to short-covering.  PCX is something to keep on the radar-scope.  It's not poised to go bankrupt even though it's trading about 1500% below its 52-week high.  It ran up on some coal demand indicators that are fizzling and since it was highly shorted it got driven up.  I mention it now for those that are risk-takers or want  to try to day-trade it on the down-side.

Happy Trading...