Thursday, October 25, 2007

Whac-A-Mole: Q’s +36%, BOW +20%

Editor's Note: below are just some trading ideas flow from our latest Headlines.

October 24, 2007 @ 6:00 PM:
  • We have a feeling that the market is setting up for a strong "opening" tomorrow…one of those "whac-a-mole" days [read: sell into strength]…
NewsDesk_QQQQ_20071025
As predicted, the strong opening was met with an aggressive wave of selling that sent the Q's to as low as $52.75. Any Put Option traded should have earned at least +30% intraday.
By the way, we'd like to congrats Trader John (a "Cubes Speculator Bulletin" subscriber) for his beautiful Sell. This is his morning (Thu, October 25, 2007 10:24 am) confession: "[QQQKA] in $1.39 yesterday, out 2 mins ago at $1.89. Thanks". That was a nice +36% profit in just 1 day. Good trade, buddy!
And also a special thanks to Michelle Mai for her good work as the "Cubes Speculator Bulletin" Editor. Good job – we love you!
 
October 18, 2007:
  • Long: BOW.
  • Bowater Inc (BOW) traded like it wants to go higher from here. We'll be a buyer around $xx. Stop: around $xxxx. Target: $xx; $xx. Risk Rating: 4.
NewsDesk_BOW_20071025
As you can see, despite the overall weakness, Bowater Inc (BOW) jumped almost +4% today on the heel of yesterday +5% gain. Our long position is holding an amazing gain of +20% in less than a week.

At Capital Essence, we target sudden profits, typically stocks that we can swing in and out for a quick 10-50% and 100-500% for options.
 

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