September 2009
September 25, 2009 –
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RELATED TICKERS: NTES
, PWRD
, SOHU
Last week I saw an old friend... She hadn't called in a while... In fact I had almost forgotten about her... But then out of nowhere she appeared... Beautiful Chinese girl... Likes to play on-line games... I can't blame her... Her name is Shanda... Her sign is SNDA... And tomorrow she is going to go straight up to the top of the mountain... And if I do not see her because she has gone too high, well that's ok... I'm all about the options... Last week I noticed that Shanda Interactive had released news about a new IPO it was bringing out under the symbol, GAME... As an options player, I knew that this news carried with it the potential to move Shanda up to a new 52 week high, breaking through $65... So I jumped on the opportunity to make some quik cash... So far so good... Up 100% already... Tomorrow, GAME will be introduced to the world... This IPO is suppose to be the biggest of the year raising 1 billion for Shanda... I have noticed that there are some stocks making so-called "sympathy" moves along with Shanda... They are the other Chinese stocks - NTES, PWRD, SOHU... I'm not expecting Shanda to pull a GMCR and blow up +$20 in a day, but a nice $5-8 move wouldn't hurt... LOL!!! Like stocks ever listen... Well FOOL's let us see tomorrow what happens with this old friend of mine... And as always Rumble on RHINO style.... [more]
September 13, 2009 –
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RELATED TICKERS: MGM
, LVS
, WYNN
The casino stocks are moving....up!!! MGM has made a nice $5 move since Sept. 1, LVS has also made a nice move from under $13 to over $16, and WYNN (the big cheese) is not to be outdone with several different multi-dollar moves.... As my name indicates, I am an option player... So I will take these small moves all day long... I do not care about what a stock is or what it sells or offers... Nope... But I am interested in what stocks are trending and what that move can do to grow my capital... I'm not interested in 20 years from now... I'm here and alive today, so today will become my someday... As for plays.... I see all three of these stocks moving much, much, much higher... If you are looking to get into option plays, look to buy these with at least 6 months left in the contracts... Something like March 2010 Calls would be a great start.... Remember to buy close to or in the money calls... Any small moves in your direction will mean huge profits in your pockets.... Yes profits that you can spend today (save some for OBAMA)... As for me, any big wins and I treat myself to a vacation... Afterall, if you never treat yourself when you are successful,trading becomes a chore... Yes treat it like a business... And when you have a business sometimes you buy that new car (with cash???) and sometimes you take a vacation (paying with cash???)... Trading to trade well, treating each trade like a business transaction, and sticking with your discipline and not getting away from it, and yes the money will follow... It always does... So lets get ready for a fun week ahead... I do expect a small pull back, not much, but enough to get your attention... Have fun and lets make some Cash Money... LOL And as always, Rumble on RHINO style [more]
September 13, 2009 –
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RELATED TICKERS: FUQI
, CTRP
, TSL
In late August I mentioned that I believed FUQI (IBD's #1 stock) could go higher. At the time it was trading at around $27. Two weeks ago FUQI and the rest of the market pulled back, a bit. FUQI bottomed out in the $24 range and my prediction began to look FOOLish. I though that maybe I should not have opened my Big Fat BLOG. And then Thursday Sept. 4th rolled around and FUQI got a head of steam and began making a tidy move. From Friday until Tuesday the 8th, FUQI remained on a quest to prove me right. LOL!!! FUQI ended the week on a high note and currently sits at $30.35 awaiting Monday's open. The stock had a prior ceiling of $30.10. Now that it has moved through the "roof" it is poised to go even higher and possible reach the $34 prediction I made 3 weeks ago. I said that I believed it could reach that mark within 6 weeks (3 to go). As an option player, I look to get into stocks that are HOT!!! Or stocks that are currently trending. I buy near to or in the money options and only play directional options (calls or puts, nothing exotic). One of my plays on FUQI last week provided me with a nice 700% two week return ($25 intial investment returned $200/ea - FUQI Sept. Call $29 strike). I do not rank very high as a FOOL, however four of my stock suggestions are all making higher highs. And yes I do play my suggestions. My goal is to become a great trader and see profits and spendable cash money today. I do not want to wait until I'm 67+ to get my pathetic 401k and begin "living". I would rather have my SOMEDAY be Today. Life it too short to wait for it to come to you. You never know when your last day will be and remember Dead Men Cannot Spend Any Money... LOL!!! Let's trade to trade well FOOL's.... And as always Rumble on RHINO style... [more]
September 10, 2009 –
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RELATED TICKERS: FUQI
, LVS
, NTES
Someone once said that being right is one of the best feelings in the world... Today I would agree with that... We exited all of our option positions earlier today for September... WOW!!! That was awesome... Three of the 5 stocks we chose for options did nothing.... We bought at the high and after last weeks little, okay HUGE pull back, these stocks just did not return to proper form... However, FUQI and LVS performed quite well... They carried the bunch and gave our trading group a nifty little 100% overall return for a nine day investment... The best of the best was a $29 Sept Call on FUQI that we bought last week @ $25 each... Sold today for $200 each... or +700% return... That's why I trade options and not stocks.... Stocks do not get these returns.... Well perhaps if I sit around a few hundred years... LOL.... Nope!!! We are taking the rest of this week and next off... Setting up some new positions... I will update you on our next play.... Definitely do not want to be in on Sept. 18, better known by traders as Triple Witching Day... Well have fun out there FOOLS and as always Rumble on RHINO style..... [more]
September 05, 2009 –
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RELATED TICKERS: FUQI
, LVS
, BAP
Are we having fun yet??? Okay, the past week was crazy... I thought Monday was going to be solid, but Monday was not... Tuesday and Wednesday were an absolute joke... And the remainder of the week I looked like a stud picking FUQI and LVS... Now we have 3 days off, Congress returning to session, a Holiday, and hopefully a continuation of the past two days... As a swing trader I will often hold stocks over night if they meet certain criteria... One of those things is the stock has to end the trading day within the top 75% of the days range... Both LVS and FUQI did just that with FUQI ending the week with a $3+ run... Now FUQI looks to be ready to take things even higher and possibly surpass its current 52 week high within the next few weeks... Last week before the almost 300 point pullback, I said that I thought FUQI could go as high as $34 in the next 6 weeks... At the time the Chinese maker of fine jewelry was looking positively GOLDEN (pun intended) and looked to be on the way towards that $34 reality... Enter Tuesday & Wednesday... My positions got hammered and I began to quickly dought my seemingly crazy prediction... After things settled down a bit, I began to see investors getting back on board and FUQI returning to its IBD 100 status as its #1 stock... Will FUQI continue higher... I believe so... I would really like to see the volume kick up a notch as the stock approaches the 52 week high... If there is no significant change in the volume, I think that the 52 week high is going to become a ceiling and the stock will be dead in the water, unable to push through to new heights... Right now I look like I know what I'm talking about.. The smoke and mirrors have been put away in the closet... LOL Well continue on my friends... Trade to trade well and the money will follow... And as always Rumble on RHINO style... [more]
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