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Author Topic: Put this one on your watch list  (Read 546 times)
go4reward
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« Reply #15 on: April 23, 2010, 09:08:05 AM »

The stock got hammered on Wednesday. But it has recovered most of the losses. The trend is still up.
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BAEVentures
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« Reply #16 on: April 26, 2010, 01:47:29 PM »

Executed a Bull Spread on this stock last Friday.

June expiration.
Purchased 5 Call contracts @ $80 strike for $4.00 per share ($400 cost * 5 = $2000).
Sold 5 Call contracts @ $90 strike for $1.10 per share ($110 gain * 5 = $550).

Total cost of the spread is $1450. Can't lose more than my $1450 ikely no more than half as long as I don't let them expire worthless), but have the opportunity to earn ($7.10 x 100)*5 = $3,550 (difference between the spread ($10) and the cost to execute ($2.90).

Also executed the same Bull Spread on CAGC last Friday.

June expiration.
Purchased 5 Call contracts @ 20 strike for $1.55 per share ($155 cost * 5 = $775).
Sold 5 Call contracts @ 25 strike for $0.30 per share ($30 gain * 5 = $150).

Total cost of the spread is $625. Can't lose more than my $625 (likely no more than half as long as I don't let them expire worthless), but have the opportunity to earn (3.75 x 100)*5 = $1,875 (difference between the spread ($5) and the cost to execute ($1.25).

CAGC is already looking very healthy and I think I should make at least a few bucks on CREE as well.

My $20 strike calls on CAGC cost me $1.55 per share, currently worth $2.20 per share. Gain of $.65 per share with a current loss of $0.30 per share on the calls I sold for a net gain of $.35 per share or 28% in 3 days time =). Note that the loss taken on the call I sold is not actually a loss unless the equity trades over $25.30 per share prior to expiration.

First options trade for me, although I've been paper trading them for awhile now =). <excited>

BAEVentures
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« Reply #17 on: May 03, 2010, 09:50:59 AM »

Most of the stocks tanked recently. I would place any buy right now. The uptrend is somewhat shaky now.
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BAEVentures
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« Reply #18 on: May 03, 2010, 10:53:23 AM »

I'm not too worried yet. A 5-10% correction was required if we are to remain heading into positive territory. I have a couple months to go, although, I must admit, I'm looking at bailing on that position in CAGC. Hammered a lot harder than CREE.

BAEVentures
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« Reply #19 on: May 03, 2010, 11:51:21 AM »

I really like PWER now, here is the reason why:
http://stocks.go4reward.com/2010/05/03/power-one-is-riding-high/

I will wait for some pull-back and may pull the trigger soon.
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