BIDU
Seems like the spectre of the worst holiday shopping season since 2008 took hold mid-way through the day yesterday, as the market rolled over. The market recovered slightly but the SPY was still down nearly .50% and is nearing the 50dma of 140.69. I dont think we get there, and think the slight fade in the markets is healthy for the next leg to $150. Jobless claims came in… Read More
Today officially marks the end of Baidu (BIDU) as the once loved wall-street darling that rose 1000%+ from the 2008 collapse… at least in my book. It used to be a stock every hedge fund owned and every analyst had buy ratings with lofty price targets. Today Credit Suisse downgraded the stock and reduced it’s price target from $118 to $83, which is the lowest price target on the stock… Read More
Yesterday pulled quite the rug under some of the call plays that looked great throughout the morning. This market can be extremely difficult at times, and yesterday taught us why you need to be nimble.
GOOG made a nice move to $764 and pulled back to $749 eod and there were quite a few plays with similar selloffs towards the end of the day. I think this is still… Read More
We started off the month of September with a down day, but not as well off the lows. Today looks like another weak start, but seems to be like we get our footing and start looking to string some green days together. Seems the possibility of the ECB providing unlimited support to bonds helped stave off the negative news of Fedex lowering it’s guidance.
We shall see how today plays… Read More
With the majority of earnings behind us, it can become challenging to find some volatile plays to make some money on. Pick the wrong trade and you will watch your premium erode. Finding stocks at the top or the bottom of a trend can be the best way to bank some coin.
Baidu (BIDU) fell over the past two weeks from possible competition for it’s 80% share in the China… Read More
Sina Corporation (SINA) has been an Optionmillionaires favorite over the past few months.There is nothing that an option trader likes more than a volatile stock, and SINA Corporation (SINA) sure fits the bill. SINA Corporation (SINA) reported earnings after hours, and the stock rose nearly 7%. Folks were expecting a loss, which they got, but revenue was above expectations. With all the bad press as of late,… Read More
One of the reasons to join Option Millionaires is the chat room. I have been in many chat rooms, and have yet to find as diverse a trading community as we have here. Not only are there many trades and strategies being posted, but it feels like one big community focused on making money!
Here are some of the trades from yesterday I posted in chat that made some serious… Read More
I wrote yesterday, that I thought AAPL would need to destroy estimates in it’s earnings report to move higher, and boy did it ever.
