Friday, May 2, 2008

ONLY WINNERS!!!!!!!!!!!!!!!!!!!!!

I hope you followed and rolled those April $27.50 YAHOO calls into the MAY $27.50 CALLS. Called it here on the blog @$2.00.
Tonight after the close official new that Microsoft going to pay $35 a share for Yahoo.

These calls are going to be worth about 300% more but we will see on monday how they open them..
Not bad for 3 week hold!!

ONLY WINNERS HERE. PERIOD!!!!!!!!!!!!!!!!!!

SKF green baby green

SKF was down huge this morning now it is up $4. That's why you enter trades with a plan.

resistance hit

Well after rejoicing about the US losing 20k jobs the market hit resistance early. I was in lala land as my SKF sold off but are not almost back to even on the rejection of the highs this morning. Honestly I would prefer a positive market today and close near the resistance as that would set up a early week short op next week.
Some of the recent high flyers are giving it back today and I told you about commodities that they will bounce in here. Potash, mon, mos, all up although not by much and OIL is up $3.
Best trading day for the week was today, even with the big downdraft I suffered at the start of day. Trading is definitely about staying patient at time.

Have a great weekend

FED injection again

FED just increase money available to banks in Europe in Swaps. I thought everything was a OK!!!
Ha ha I am being funny

Job Numbers

Job numbers will be out @8:30