cramer strikes again on march 10th

energize it

short USO via puts and buy DUG. crude >$100/barrel is unsustainable. short until mid 80's are tested.

GOOOOOOOOOOGLE

It is Wednesday and I need some google love for sheel. The play is set the team is on the field and bidu just blew up the after market.

So , Gold goes up $50 and Google goes up $50 and fej and sheel roll to Atlantic City.

So, Gold goes up $100 and Google goes up $100 and fej and sheel roll to vegas.

Stay tuned.

E-Trade

As we approach March Madness (options please basketball is a different blog site) we must assume E-Trade will be a takeover bid.

Huge unlimited potential, stock near 52 week low, buy that March 5 call option and watch it grow.

On a side note, yahoo, google and amazon will be wild this week. Hold on tight.

bunch of monkeys

Once upon a time in an indian village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $50! However, since he had t o go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each." The villagers rounded up with all their savings and bought all the monkeys.

Then they never saw the man again, nor his assistant, only monkeys everywhere!

Now you have an understanding of how the stock market works. Who da man?

As we approach super tuesday, fej would like all to know that he is sorry. He bought NEM 50 put (+NEMNJ) for .50. He sold it for 1.10 1 week later. TODAY 2/5/8, Gold was down premarket 15 bucks. NEM was going down and he sold to early again.

So, the new positions:

GOOG 540 call for Feb (NO whammy's please)

and a new option play

ETRADE (ETFC) March 5 call.

Pre-market today the ask was up 5% to 5. I'm in da money.

A PATIENT MAN WAITS!!!!!!!!!!!!!!

p.s. disregard the new year's avoid google mumbo-jumbo, i was just kidding, and so was sheel LOL

boonahhh...

this is the face of shock and awe

how many times does he say fu#&?

option exp. exercise

manipulation at its best:

time price jan600put
3:00 600 0.7
3:10 602.7 0.3
3:17 602.89 0.2
3:23 601.04 0.4
3:30 600.57 0.45
3:44 600.36 0.25
3:49 601.2 0.05
3:52 600.91 0.05

prev. close was 600.79 and range today is 598 to 609.99
opened at 606.80


so we learn that stock closes at prev. close price on exp.
there is opportunity to profit, but respect the manipulators.

short-term gold top?

articles like this make me think so.

http://billingsgazette.net/articles/2008/01/16/news/local/18-goldrush.txt

hiatus

after a brief sabatical, here are my q1/q2 plays:

ctsh- cognizant tech.- $26.67 as of close today with a $35 target within 6 months.
ntri- nutrisystems- $24.44 as of close today with a $32 target within 6 months.

establish a 10% position in each via stock and options.

2008

Top Ten Rules Broken from 2007 vs.

Top Ten Rules for 2008

1) Take Profit

Options that expire worthless hurt. I will profit take weekly.

2) No bulk buying close to expiration.

3) Short companies over a three month spread.

4) Average smaller trades vs. trying to hit a homer each time.

5) Avoid Google and RIMM

6) Be Patient.

7) Short GG and Gold at 900.

8) Short C

9) Be Patient.

10) Invest 1K a month in Options.