Futures are up, for now!
STM is trading at $5.85, long term goal of $3 per share or around $10, maybe more. Next earnings date is 10/26/2011. Long term plays require ongoing assessment so when I have something important to report from my research, it’ll be posted here. I’m still looking to add to my position.
EVGI shook out traders yesterday on light volume when the same newsletter that issued the report, pulled his recommendation pretty much admitting his strategy doesn’t work for larger groups because promoters pull the campaigns if their is too much front loading. I had to laugh, cause issuing a statement like that basically suggests that his system doesn’t work. I still happen to think EVGI will be a stock promotion, so I’m going to give it a bit longer before I panic sell.
Also speculating on AAGC as you know and I’d like to see the $.90 to $1.00 range on this one before taking profit.
Alerted AOL yesterday at $14.52 after buying 2k shares long and within no time it was trading almost $1 per share higher, but then it pulled back as expected. I didn’t want to sell this long term pick yet even though it’s just a trade, so I grabbed 20 September 17 ’11 $15 Calls. This basically means I’m in the stock @ 14.50, then sold a .90 option against it leaving my cost basis at $13.60 now. It is a good way to protect myself on a stock I want to hold, but mkts are uncertain. I told you I’ve been studying options in my free time but I’m not ready to teach it yet, but when I am, anyone interested is welcome to ask.