12-18 Watchlist

 

First off, the site is moving quickers as we upgraded our server, but we did have some temporary issues so apologize in advance for any troubles accessing the site. Now on to the fun:

What a great start to the week as a few of the plays on watch from last week continued to ramp higher, and others started their advance. SAM continues to move, marking its 3rd consecutive day of gains closing right near the high of day on huge volume. SODA finally broke the $43 resistance on amazing volume as well with NO NEWS. Seems to be more optimism on this fiscal cliff fiasco getting resolved so futures are solid green. If you were in the chatroom or on the week ahead class you heard quite a bit about japan and the oncoming currency wars coming in 2013. The clowns on tv are still talking about QE, and I think that term will be replaced by another coined phrase in regards to currency. We shall see.

 

Going forward I will try to include meaningful upgrades and downgrades, most from fly on the wall.

 

Here are todays:

 

GS (GS)

Goldman Sachs upgraded to Positive from Neutral at Susquehanna

Susquehanna believes Goldman is well positioned to benefit in fixed income from potential rising rates due to a fiscal cliff resolution and expects the company to gain share in FICC due to reduced competition. Price target raised to $149 from $127.

 

AMZN (AMZN)

Amazon.com price target raised to $300 from $250 at RBC Capital

After conducting checks, RBC Capital believes that Amazon.com's investments in fulfillment centers could begin to slow in 2013. The firm maintains an Outperform rating on the stock.

 

AAPL reiteration from BofA : (AAPL)

Apple sell-off on supply chain concerns overdone, says BofA/Merrill

BofA/Merrill believes the sell-off in Apple due to supply chain concerns is overdone and that valuation is at trough levels. The firm trimmed estimates but notes supply chain adjustments are common and recent supplier production cuts come after peak production ramps and double ordering. Shares of Apple are Buy rated with a $720 price target.

 

Here are the positions I am looking at for open:

 

 

Stock TickerCall/PutStrikeExpirationClosing Price
CMGCALL$305.00weekly0.45
SINACALL$52.50weekly0.21
MONCALL$92.50weekly0.13

 

I kept saying CMG would break out last week but that never happened. Yesterday was the start of what I think is a 2-3 day run for CMG over $300. Still love SINA for bounce over 50, and MON to $93 or so this week.

 

Lets have a great trading day!

 

- Jimmybob

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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