OPTIONSMART MORNING UPDATE: Erased early losses
September 15th, 2009 at 7:41 am|
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OPTIONSMART MORNING UPDATE: Erased early losses |
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1. OUTLOOK: Buyers showed strength and pushed stocks higher. Financial stocks also showed leadership in the late move. Investors ultimately shook off the day's jitters about China's trade rift with the U.S. Shares of Sprint rallied 11% on published reports that Deutsche Telekom, the owner of T-Mobile USA, is interesting in acquiring the U.S. based phone carrier. Oracle earnings call scheduled for Wednesday. As we said before, the stock price is subject to correction. It may cause weakness in the entire tech sector. 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-TRADEABLE
WITH OUR PARTNER
BROKERAGES:
to be published in late October.
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4. WISDOM NUGGETS: The markets offer endless and plentiful possibilities. Missed opportunities exist only in your mind. Prices keep changing and generate other opportunities. The goal of trading is make a net profit after a sequence of trades. It is, therefore, necessary to accept some losses and to look forward without punishing oneself. |
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5. SPECIAL OFFER: Subscribe to our "Momentum Plays" and get a 25% discount on recurring subscriptions by entering coupon code B8E2 during checkout (expires on September 15, 2009). New subscribers only. This coupon will automatically expire after it is used by 50 registering members. Hurry up! Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!
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