OPTIONSMART MORNING UPDATE: Buying dips
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August 28th, 2009 at 4:23 am
OPTIONSMART MORNING UPDATE: Buying dips
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.
2. TRADING OPPORTUNITY: n/a
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:- Register on our site to receive Free Picks via emal.
- Set up auto-trading with your brokerage: select OptionSmart as a publisher, select Free Picks as a service and enjoy the ride absolutely free!
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!5. SPECIAL OFFER: n/a
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