All posts by jimmybob

Oops we did it again…

LNKD continued its ascent today, and shows how stocks can continue defy it's own fundamentals. We alerted the $67.50 Dec weekly calls @.40, on the morning pullback. LNKD then continued to surge late in the day to a high of $68.25. Our $67.50 calls went for $1.30, a nice 250% gain.

11:54 AM : Like LNKD $67.50 calls right now. Stock squeezed about 1 pm yesterday, so expecting a move up here soon.Currently .30 x .40... Very risky as they expire tomorrow, but reward can be great as well.

LNKD

LNKD – $100 into $1025 in 7 hours

Linkedin Corporation has been in sell-off mode since it's recent earnings and announcements of a secondary offering. The once high flying stock, had fallen to $57 on Monday and things looked bleak, as the lock up period for insiders had ended on Nov 21st. Yet these are the type of stocks that can provide great trading opportunities. The stock opened in the low 60's , and held that range until 1:30 pm, when the stock soared amongst strong buying pressure, which was surely coupled with those scrambling to cover their short positions. LNKD closed at 65.93, up 11%.

 

We alerted LNKD $65 weekly calls @ .20 in the morning, and those same calls closed asking $2.05.

LNKD
LNKD

 

It is quite possible that LNKD continues its ascent tomorrow. Time will tell...

 

LNKD 11-30
LNKD 11-30

FSLR and the Solars

I recently wrote about the solars and the fate of those that are publicly traded companies. It is quite funny and interesting to see what happens in sectors like these, where the charts can paint one picture, but not the entire story. To one, FSLR and other solars are oversold, and a buying opportunity. Heck, the buyout rumors have begun. ( http://www.itbusinessnet.com/article/First-Solar-takeover-prospects-more-likely-given-sell-off-says-Maxim-1767647 )

But in the end, the folks that make money off of plays like these, are the ones who see the big picture. Who stick to their guns on the short squeezes that happen, and lock in profits on the way down.

FSLR will be a sub $30 stock in the VERY neat term. But it will succumb to the occasional pop, which allows you to add to your put position.

Take a look at the chart below. Remember... the trend is your friend!

fslr
fslr