This is very good!
What we have here is the exact opposite of what we had last year. The market is shrugging off bad news and reacting very positively to the slightest positive indicators – that’s what a rally is!
We got just what we wished for with oil this morning, a number that allowed everyone to win.
The Dow was able to shake DD, the latest to use the “hurricane ate my quarter” excuse as well as GM’s normal sadness. The Nasdaq had a fantastic day led by Apple but there was great general participation. Intel and SNDK looked downgrade proof today as well.
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Microsoft was resolutely up all day and looks very strong, the $27.50s are already up 25% but we’re not in this one for a quickie.
Taser took control of the $9 mark and conquered it on the first day, a very powerful move…
EK is still one of my favorite stocks.
ALTS picked up 2% and gave us a very nice entry today.
CY had a very weird after hours drop back to $15.66 – we need to watch that closely tomorrow. It’s probably nothing but it’s also nothing to ignore.
Every once in a while, usually when Google is high, they start with the click fraud stories – it’s back in the news again so watch out for a stutter in GOOG.
MCD was lovin’ us with a straight up 1.75% gain from the open. Our March $32.50s picked up 10% already!
KMG picked up 3% so far with their stock buyback. They also had their credit rating increased.
ABX went down a bit today on concerns that they may have to up the compensation to PDG shareholders to complete the transaction.
ATYT is doing the option expiration shuffle around $17.50. I like offering $1.80 for the Aug $17.50s and waiting for an up oscillation and selling the Feb $17.50s for .90.
COST April $45s are up 10% already in just 48 hours, I am now much more confident that we caught this going the right way.
HD picked up another 3% today and the Feb $42.50s we picked up yesterday are already up 65%. Set a stop at $1.25 but I doubt we’ll need it!!
As usual, I love GLW!!! Another 7%, please, no, thanks, I’ve had too much already… I sold half when it pulled back this morning but the remaining $20s picked up 50% so I still have about the same amount in the stock. My stop is set at $4.50 because it would be embarrassing to blow a triple!
