Some Current Ideas

Good pull-back today, healthy, but I think it was the catalyst some traders were looking for to take some profits off the table.  Watch the futures may be a good opportunity to trade the bounce tomorrow.

C is doing well, strong volume today and touched 4.40.  The Jun Options are not showing any implicit value as the premiums were trading even past 4--strange as their is some volatility and certainly time value left. 

TXT, which we have traded in the past is looking strong, we traded the calls last year for significant gains.  May be a product of takeover rumor, but buy the rumor sell the news.  This leads us to what happened to PALM today, up almost .70 on a stock should be dropping steadily.  Lenovo is rumored to be looking at buying them and if they can't HP is on the list as well.  If all this is rumor then the short play is back on.

FSLR jumped again today, put your trailing stops or cover for April calls.

Looking into APPL Jul 11 270 calls for AAPL, could be a double by summer's end.

Picked up SQNM 7.50 11 Calls, I may straddle this.  When the news comes out it's going either way. 

COYN won an award from General Dyamics--looks like the .085 base is holding.

NKE looks to be taking some trade-space back from Under Armor, is going strong and is not a fad like CROX, although CROX is performing well this year, need to research what they are doing in Europe.

Quicksilver (ZQK) is over $5 are consumer confidence good earnings...  Their peers are all above $10.

If NCOC cna find funding for it's current debt they may be a good speculative play...

HL Mining broke 6 today and a new 52-week high... Look at long 6 calls.

Happy Trading...

Weekend Partial Update

I have been under electronic attack this week and finally changed the channel on my wireless router and putting a new floor in my kitchen as part of the never ending remodelling...

Some quick updates...

C traded well at the close Friday.  Still expecting a run-up before earnings on the 19th and then we'll see what the numbers look like...

AAPL has a history of pulling back after new product launches, if this happens recommend trying to pick them up on the dips or continue to buy the 2011 LEAPS, if you got the 200 LEAPS recommended earlier congrats on another 100% run.

Micron received another upgrade and target at 20.  I closed my calls out last week on the short run we had before the pullback.

RIMM looks like a buying opportunity... The numbers were great even though they missed estimates.  Look into this, sell some PUTS if you are interested in buying...

I will be looking at Foot Locker ast they are trending higher and expanding overseas, as well as some other retailers as the consumer is coming back.  Consumer spending accounts for 2/3 of the economic numbers!

Mastercard and Visa are on the list for some CALL buying, remember the V IPO we got in on at the low and actually sold at the high.

ITMN, my worst trade received another upgrade and target above 37...

Rackspace (RAX) is bouncing back nicely, would put a $20 limit to sell on it, as I am a trader not an investor.

More to come as I get back into the routine...

Happy Trading...

Another option for Citi (C)

Discussing the long-term potential for Citi today I was discussing protecting a long purchase of the equity by buying the

Got Gas???

With all the talk of drilling off the US coast and the need for utilizing Natural Gas for future clean burning fuel sources I had to start looking at Gas and Oil companies...

I currenlty hold Jan 11 Calls in XOM so finding an ETF with XOM was in my search criteria

Oil & Gas Exploration & Production ETF (XOP) top holdings:

Exxon Mobil (NYSE: XOM)
Chevron (NYSE: CVX)
Conocophillips (NYSE: COP)
Occidental (NYSE: OXY)
Devon Energy (NYSE: DVN)

 

For Natural Gas ETF's I'm looking into:


United States Natural Gas Fund (UNG)
First Trust ISE-Revere Natural Gas Index Fund (FCG)

I am zeroing in on UNG since NG is at its low around $3 down from the $7 range and UNG is at its 52-week low area while FCG is at its high. UNG is meant to replicate the performance of nat gas through futures and other instruments not necessarily stocks, so obviusly this should be near its low, a good diversified way to play the future surge in NG price, although it might take time...  FCG is in exploration and production stocks....

Happy Trading...

Long Term Dividend Paying Holding (DHY)

I've been looking for some long-term dividend producing investments lately completely value priced.  Especially after picking Teekay (TNK) for a long-term investment and watching up steadily rise, both the equity and the dividend. 

So I started with equities under $5 that are paying dividends and the top of the list was Credit Suisse High Yield Bond Fund, Inc. (DHY).

This is a BOND ETF that invests in primarily low-grade US investments.  So read some risk but at $3.03 closing price today not much risk, although this is near its 52-week high so some downside is there if the markets were to flip-upside down.

DHY is currently paying a 10% yield.  Not bad for a $3 investment.

If you don't mind investing in the following I recommend looking into this for a long-term holding, possibly a Sharebuilder buy...
BB Bonds 28.0 %
B Bonds 51.1 %
CCC Bonds 27.6 %
 
Happy Trading...