Buy Silver  (SLV is the ETF).

Today SLV had a pretty good pullback.  It is around 43.00 per share.  Guys, silver is going to at least 50 probably 100 in the next two years.  Silver is used in many electronics and nations are short the valuable metal.

Buy silver, you won't be sorry......

Cliff

Buy Silver  (SLV is the ETF).

Today SLV had a pretty good pullback.  It is around 43.00 per share.  Guys, silver is going to at least 50 probably 100 in the next two years.  Silver is used in many electronics and nations are short the valuable metal.

Buy silver, you won't be sorry......

Cliff

Hi guys:

This morning GOOG gapped up and gave me a buying opportunity.  I think GOOG is going down so I purchased a GOOG Dec 550 Put in at 2.50 per share.  I'm excited because I think this will be a great trade but only time will tell.

Happy trading,

Cliff

Well the market gave us a gift today.  So far we are up today and lovin it.

We sold our MEE and KO and did really well.

Thank goodness for rallies...

Cliff

Hi Guys:

The last two days we have seen the market in full "emotional" mode.  We have had two large down days but the technicals look great.  Everyone is worried about europe and the dollar.  I see this as a major buying opportunity.  I especially like KO and MEE.

KO is coca cola.... it was down today but held well.  KO will go up to at least 65.  It closed today at 63.60.  The Dec 65 calls were around 30 cents per share.  Those could double at least.  In at 0.37.

MEE is massey energy.. it also held well today.  Yesterday they announced that they would sell their company.  The stock was around 52 at the time but the company is valued at around 60 dollars per share on assets alone.  This to me is a buy.  Dec 55 calls got as low as 50 cents per share today but if the stock goes to 55 or 60 then we can triple our money.  In at 0.70 (no I didn't catch the low... :(  )

I think we rally the first part of december.... could be GREAT!

Happy Trading,

Cliff

Hi guys:

Well the fear is back.  The VIX spiked and everyone is scared. Looks like it's time to trade again.  This is our weekly trade:

SPY Nov weekly 118 Puts

In at 1.05

Goal is 1.30

Stop is 0

I expect a pop in the Put tommorrow AM as the fear continues.... we will see what happens.

Happy Trading,

Cliff

Hi Guys:

Well this morning was great.  All our positions were profitable.  So I sold.  Let's recap:

ABK    In Nov 0.50 Puts at 0.11        Sold now at 0.30      172% gain

AA     In Nov 14 Calls at 0.25           Sold now at 0.34     36% gain

NFLX  In Nov wkly 170 Calls at 3.75  Sold now at 5.00     33% gain

Good trades.  In and out in one day... I love it when that happens.  More to come next week.

Happy Trading,

Cliff

Hi Guys:

The markets are unsure today.  Everyone thinks the market will go up but very few are ready to put money in because they are scared.  I don't blame them. 

This weeks trades are fun:

Ambac  ... this is a company that word on the street may go bankrupt this week. At this moment 2:35 pm on Monday Nov 8th 2010 the stock is at 0.51 per share.  This is my trade:

Short ABK stock is not a good idea because there isn't enough left in price but you can use options by buying the November 0.50 Puts.  These go up in value as the price goes down.  We are in at 0.11 per share.  Our target is 0.22 per share.  Our stop is 0.

NFLX ... we all know netflix.  The chart looks ripe for a charge forward.  This stock is known for explosive moves to the upside after a few days of consolidation. This is my trade:

Buy NFLX stock at 168.90 or the NOV weekly calls 170 at 3.75 per share.  Our Target is 4.25 per share. Our stop is 160 on the stock.

AA ... Alcoa is a metal producer... one of the largest in the nation. With the dollar pressured by the Fed buying treasuries, we expect AA to go up.

Buy AA stock at 13.90 today or the NOV calls 14 at 0.25 per share.  Our target on the calls is 0.50 per share. Our stop is 0.

It will be fun to see which trades win and which ones don't.... we will see how it goes.

Happy trading,

Cliff

Hi guys:

Well we just exited our weekly trade on AAPL. Here are the results.

Stock

In at 308,   sold at 320  which was our target  :)   gain of 3.8%  not bad for 2 days.

Options

AAPL Nov 300 Calls  In at 13.20,  Sold at 20.40 today :)  gain of 54%  not bad for 2 days.

Good result for the week.  I'll post another trade next week.

Happy Trading,

Cliff