LOTTO Plays - 2011
These are the results from trades suggested on our "Current Plays" list.
Note: they are suggested entry and exit points! disclaimer Profits Up!!
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LAST UPDATE: 10/31/11
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Lotto Commentary for: AMZN
| So far, Friday's rally is not making new gains
and the market took a pretty good dip today from its recent stellar
gains. My Put plays are now closed and I have 100 shares long so if this
stock shows some more weakness then I will sell a covered call against
my shares.
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Nice rebound today but it failed to close above yesterdays high indication the big money is still cautious. Need to keep eye on the $215 area for confirmation of direction over the next month. Still have some life left in the final contracts but they expire tomorrow so I will have to close the trade out. Hopefully the stock will take a dip tomorrow and I can make some more money on this awesome trade!!
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What a great trade this is turning out to be!! We still have two days before expiration to see if this can get better, but I took off 80% of the profits at the open.
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AMZN missed by a huge margin and the stock was whacked hard in post market trading. We are going to have another HUGE WINNER tomorrow!!! They missed so badly that I am expecting a continued gap down tomorrow and more selling. Looking like the first possible stop would be at $180 or hopefully lower$$$.
==================================================================================================== Things are looking very good for a bust out long play on AMZN, but last quarter the chart looked the same and the stock was sold off for a couple of days. I am doing a straddle on this one, but I am optimistic AMZN keeps on trucking higher; especially with the holiday shopping season coming and the ever increasing online purchases is making this company potentially the biggest retailer EVER.
Going with:
Profits Up!
The donFranko
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