Friday, November 02, 2007

Market rebound, EHTH rock (+26%)

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

November 01, 2007 @ 8:40 PM:
  • Market is conditioned to a "mini" bounce
November 02, 2007 @ 1:00 PM:
  • The Q's is printing a fresh intraday high as I type [$54.55]…You might have seen the high without even noticing it.
NewsDesk_QQQQ_20071102
As predicted, the Q's closed higher for the day +$0.42 - though slightly below the intraday low printed around noon - after the weak opening was met with an aggressive wave of buying interest that sent the Q's to as high as $54.55. Any Call Option traded should have earned about +30% intraday.
October 30, 2007:
  • Long: EHTH.
  • Ehealth Inc (EHTH) recent pullback found support at previous bullish breakout point. EHTH seems to have the potential to resume the strong uptrend. We'll be a buyer around $26. Stop: around $2xxx. Target: $2xxx. Risk Rating: 3.
NewsDesk_EHTH_20071102
As you can see, despite the overall weakness, Ehealth Inc (EHTH) jumped about +16% today on huge volume. This is very bullish. Our long position is holding an amazing gain of +26% in just 3 days
 
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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