OPTIONSMART MORNING UPDATE: Buying dips
August 28th, 2009 at 4:23 am|
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OPTIONSMART MORNING UPDATE: Buying dips |
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1. OUTLOOK: We could see a shallow pullback that quickly finds dip buyers. It shows that large traders take every effort to maintain bullish momentum. There's so much cash on the sidelines that when we see a selloff, there are retail and institutional investors ready to jump back in. Dell reported weaker sales and earnings that beat expectations. Shares gained 6.5% in extended-hours trading. U.S. futures point to a neutral open.
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2. TRADING OPPORTUNITY: n/a |
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE
WITH OUR PARTNER
BROKERAGES:
to be published in September.
OUR MOST RECENT FREE TRADE: CSCO
Oct 19/21 Bullish Debit Call
Spread: Bought
@1.45 on 08/13/09 and sold @1.60 on 08/21/09 with
a 10.3% gain in 8
days!
HOW TO SET IT UP:
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4. Momentum Plays Most Recent Trades: INTC Oct 17/19 Debit Call Spread:
Bought @1.31 on 08/14/09 and sold
@1.46 on 08/26/09 with
a 11% gain in 12
days!
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5. SPECIAL OFFER: n/a Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!
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