[Capital Essence NewsDesk] We've opined in our previous Market Outlook that "it worth notice that the financial stocks had refused to go down in the face of some bearish news … suggests these stocks are stabilizing… the urgency to sell had also been diminishing", equity market closed higher Wednesday with a majority of major indices gained an average 1% for the day.
Editor's Note: below are just some trading ideas flow from our latest Headlines.
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"Cubes Speculator Bulletin" - August 22, 2007 @ 11am
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· As we've opined in the previous update "highest price the "cubes" can hit is about $47.30-$47.50. And this is the area, where we'll take the rest of our profit"- and this is what we did. We've sold the last leg (25%) of the QQQIS (September 45 Call) position as the QQQQ entered the $47.50 zone for a +70% profit.
· The "cubes" is still consolidating around the $47.50 level as we type. Although, we think that it will have to, at least, close morning gap @ $47.20. Aggressive traders might try to get a position for a "short-term trade".
As a matter of fact, the QQQQ moved lower shortly after our morning update and hit as low as $47.27 before moved higher into the close. Any call option bought around this level should have made at least 10% intraday.
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· Perry Ellis (PERY) seems to be consolidating previous gains. We've sold the last leg this morning @ the trailing stop-loss point. This stock had brought us a total profit of 13% in as little as 2 sessions. This is incredible.
· The recent set up Vasco Data Security (VDSI) continues to move well on the expected direction, rose more than 3% this morning on good volume. The stock holds an amazing 6% unrealized gains in just 2 sessions.
· The newly set up(s) had also triggered and moved higher on heavy volume. This is, of course, bullish.
It worth notice that Blue Nile (NILE) profiled on Tuesday evening as a potential buy gained as much as 8% intraday before pulled back and settle slightly higher for the day.
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