Stocks Gone Wild? Well not wild, but what would you call a stock up 36% or $18+ since we spoke about it on Jan 10th, exactly 3 weeks ago? Crazy?? Insane? Amazing? Lets just keep it simple and call it a money maker. Buying and holding a stock for a 36% gain in 3 weeks is not bad, but anyone buying calls on SINA at the $48 low are extremely happy people. Check out the before and after picture. Now can we spot a nice bottom, and yes, that chart looks nice too.
Plays like SINA are why this site is called Option Millionaires. A few hundred can turn into a few thousand very quickly... and if you find the right stock, a few hundred can turn into 5-6 digits.
Just check out what SINA did on friday on the FACEBOOK IPO news. (BTW: I hate that i linked a CNBC clip). The weekly $67.50 calls were trading at .01 at high noon on friday, only to hit $3.55 a few hours later. A $100 gamble would have turned into a new SUV ($35,500)!!! Gamble?? Well isnt that what the stock market is? Legalized gambling. The house still wins (Goldman Sux, Morgan Stanley, Bank of America..ect) , while the retail trader (the gambler) gets taken to the poorhouse.
Thank you china, for giving the poor American traders a chance to make some money.. now go buy your iphone!!!
All joking aside, there are plays like SINA everyday. The challenge is finding them, and thats why we are here!
On to the next one!!