Option Addict | Comments Off | Closing Bell: End of the Line
Friday, May 2, 2008 at 12:21PM Here is what I have time to tell you, so make sure you are listening carefully.
Typically I like to bask in my own personal glory on a Friday, and treat myself to a prosperous meal and a nap near the closing bell. Today is obviously different, but I don't want to discuss that situation any further for fear of consequences that could further ruin my mood. Instead, allow me to modestly re-cap the week:
Another solid watchlist this week
I was finally redeemed in my several kind requests to purchase shares in anything Brazil (EWZ, PBR, RIO, GGB, BBD, ITU, SID). China has not been as explosive in general (FXI), but good thing we were only tracking pre-determined winners such as SOHU, CTRP, LFC and BIDU.
My relative strength play in Ag machinery as opposed to Agriculture has been fairly solid. I like the set-ups in the favorites such as LUFK, BUCY, and JOYG. You'll hear more about these on next weeks watchlist.
We all know the Visa story... I won't touch on this anymore.
The GTA4 play created a nice breakout in ERTS.
The "A-List" seemed to have found support today...at least in AKS, ACI, ANR and APA. Good for you for hanging with them.
I filled in on the Market Commentary articles, and generated some solid trades in GRMN, WFR, RIMM and NVDA.
Last, but not least, I made a comment that all of this mess this week is going to lead to a "epic" bull market. For those of you that stood in line waiting for it today, kindly slap yourself across the face and exercise some patience. "Option Addict" wasn't built in a day, neither are Bull Markets.
Look for a new "Masterpiece" late into the weekend.
Yours Truly,
"The Option Addict"
Note: I appreciate all the e-mails expressing their concern. In regards to this "situation," I am not in harms way.
LATE NIGHT UPDATE: As a result of being distracted this week, I missed my traditional earnings strangle on MSTR. If you have been a guest of my beloved site for longer than 2 months, you'd know that this is a tradition I have held here on "Option Addict" for the last 2 years. I am deeply saddened that nobody gave me the heads up, and have regrettably missed a 20% drop in the stock price. Thanks for nothing.
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