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Joined: 28 Dec 2005 Posts: 11966
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Posted: Thu Nov 09, 2006 6:01 pm Post subject: Fri: Buys MRVL EBAY IMCL RMBS Sells SPY |
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Fri: Top Buys MRVL EBAY IMCL RMBS Top Sells SPY
Primary Trades:
The OEX Nov Max Pain point rose to 640 and the SPY Nov Max Pain point rose to 137. However, SPY can fall below 137 (or over one point) quickly. SPY Dec 135, Nov 137, or Nov 138 puts are buys on market bounces.
Secondary Trades:
MRVL created a bearish engulfing today (along with many semi stocks). MRVL remains a buyout target and reports earnings Thu. Dec 20 calls at 0.50 or less are buys. EBAY Dec 35 calls are buys on pullbacks, since EBAY is in a strong uptrend. IMCL Dec 35 calls and RMBS Dec 20 calls may be worth the risks.
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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.
Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.
Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades. |
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