OPTIONSMART MORNING UPDATE: Lost ground
August 6th, 2009 at 4:49 am|
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OPTIONSMART MORNING UPDATE: Lost ground |
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1. OUTLOOK: Investors became cautious in the wake of some weaker-than-expected economic reports. In fact, most companies have managed to beat expectations during the latest quarterly reporting period but those impressive numbers were largely a result of cost cutting and low expectations. Investors want to see the sustained growth. Job reports showed that the labor market continues to face challenges and that recovery on the employment front will be slow. AFTER HOURS: Investors weren't thrilled with CSCO's results. Shares of Cisco fell 3% in extended trading.
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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 August.
Our most recent Free Pick: QQQQ Sep
34/36 Debit Call Spread: Bought @1.32 on 06/22/09 and
sold @1.46 on 07/16/09 with a 10.6% in 24
days!
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4. QQQQ Enhanced Portfolio Our most recent trade: MSFT Sep 20/23 debit call spread- bought @2.29 on 7/24/09 and sold @2.53 on 7/30/09 with a 10,5% gain in 6 days! Open the 2009 QQQQ Enhanced Portfolio Performance with a 100% (55 of 55) and a total 246% portfolio gain in 7 months! More.. |
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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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