AA near 52-week low

With aluminum prices bottoming and demand still high, watch Alcoa after the bell on Monday.  They report then and any loss from fourth quarter could bring them down to 8 territory.  Maybe a outright buy with a cover later in the year...

Happy Trading...

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...