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...