TRADE CALL :AAPL

Buying 1/2 share of AAPL 119. I am goign to use a $3 stop, very active trade.

FNM

FNM just got downgraded again this morning. Hopefully this one will be a huge winner

Last week of February

Not a stellar month in the markets more of a trading range with the bears taking a much firmer stand. This week based on Fridays action if I were a betting person I would have to be on the bulls side. I do see a number of bull flags forming on some charts and also double bottoms which lead me to this conclusion.
I am waiting till pre market tomorrow to make my call on a stock which I think has some upside from here. Since it is an expensive stock I will be looking to play the options if they are reasonably priced.
If the bulls make a stand here this week we might see a significant more since we have been in a tight trading range with extremely low ADX readings.

Good Luck this week

AWESOME

GWW was awesome
INFY was awesome
OIH puts purchased yesterday @8.75 now 11.70 went as high as 12.85. I am holding for a double.
FNM awesome indeed short 29.70 now 27.30.

Rocking !

Trade update :INFY

Covering INFY @42.65 here. Booking $1.95 in profit

Trade update :GWW

Covering GWW short here @73.40. Booking $4 profit here

FNM- downgraded!!!

Well this is a good morning for FNM trade. Merrill Lynch downgraded FNM to sell saying FNM doesn't fully represent the effect of weakness in the mortgage markets.

Hmm analyst over Merrill must be reading the blog:):)