Bullish stocks near support

[steelman]

Mhr

MHR, Magnum Hunter Resources has been approved for uplisting to the NYSE!! It's shares will begin trading sometime in the first 10 days of January 2011 and the symbol will still be MHR. I hope this keeps the momo going and gives the share price a boost. I am still holding Feb $7.50 calls.

[steelman]

Yesterday morning at the open, I picked up some Feb $10 calls in AXTI c/o Billy. Nice spikes in volume the last 2 days.

[steelman]

Performance Update

I was told in my options class that only 3 out of 10 options trades are winners but the winners will run. The winners would outweigh the losers. This seemed low to me at the time but, what did I know. I was just starting out a year ago learning about these crazy strategies.

Well, I have never been average and with the help of my course, some software, some virtual coaching and GREAT minds here, I have slapped the teeth out of the averages.

Out of my last 14 closed option trades, I had 9 winners and 5 losers. The span was from August 26, 2010 until 11/9/2010 with a total return of 88.96%

I had positions in GMCR FCFS EZPW ($MM$ pick) ANV EGO GFRE HOV CGA MIPS (Pete's pick) ZAGG ALXN VIT SVM PUDA

Italicized symbols were the winners.

I am currently IN, MHR TQNT UCBI CCME AXTI

I hope to keep the MOMO going into 2011, or the MOJO, doesn't matter to me..MOJO Risin'..gotta keep on risin' Let's do this.

[njdevil]

Puda

Steelman,
Take a look another look at PUDA.

[steelman]

Steelman,
Take a look another look at PUDA.

Wow, I think I just got a woody. I haven't looked at it since I got out back in Nov. I love the dip and MA, stochastics and MACD are all saying buy!!

The last time, I was in for a buck and out at $2.60. Let's do it again.

[steelman]

Puda

Njdevil,

I just bought some Feb $15 calls!! Thanks for bringing PUDA back to the dance.

[steelman]

Today I picked up some TQNT Feb $14 calls. I am still hold my Jan $12 calls in TQNT.

[steelman]

This morning I picked up some Feb $40 calls in PSMT. Their stock is up 4% on earnings report news that PSMT's revenue rose to $386.1 million versus $315.4 million. Stochastics just turned up and it's above 50 and MACDH looks like it's getting ready to cross into positive territory which is nice entry point.

[steelman]

A few minutes ago I sold my Jan $12 calls in TQNT. I still like TQNT and it's still trending up, but Jan options expire next week so It was good to take profit now. Any news or down turn in the market, making the stock drop a bit would crush the option price.

Bottom line, bought 11/29 for .74 and sold today 1/12 for 2.00. That's a 170% gain in roughly 6 weeks.

I am not sure if I posted earlier but I bought some $14 Feb calls in TQNT last week. Current price is $13.93, trading above 30 day MA, stochastics is above 75 and MACD but pointing down. This could pull back a little and then bounce off of 30 day support and go higher. Let's keep the MOMO rollin'

[steelman]

Did a quick search and here is what popped up right now.

MMS ASYS TQNT NLC BBL
In the search the usual guys came up as well NFLX FFIV PCLN Just trying to see if we can find some bargains.

[steelman]

I picked up some March $5 calls for URZ about a week or so ago. I can't remember if I posted it here or not.

It's up 7% today to $5.41. Looks like it can still run in the bull market.

[steelman]

CCME is up right now to 22.64, 13.50% on ridiculous volume and it's only 11:48 est. Anyway, I sold my March $17.50 calls today. I had to take profit. I had set a limit this morning and it just hit. Bought at $2.25 and sold for $5.50. 6 week play, 132% profit after commissions.

Looks like it is still going to run. Chart and indicators all point up but I am happy with the trade.

[steelman]

I really like TQNT and so does $$$Mr.Market$$$.

I went ahead and grabbed some $14 March calls in TQNT. I am looking forward to February 9th for 2010 earnings!!

[riverbabe]

I really like TQNT and so does $$$Mr.Market$$$.

I went ahead and grabbed some $14 March calls in TQNT. I am looking forward to February 9th for 2010 earnings!!

So do I. Am in at 13.01, waiting for 16.45 target.

[steelman]

So do I. Am in at 13.01, waiting for 16.45 target.

That's great River. As long as the earnings report is as expected we should all be really happy.