New Stocks to watch

[Elan Senior Member Find all posts View Profile Close Elan]

Anyone do anything with stock options? Covered calls, spreads, calls, puts, anything?

I do. Used to do quite a few covered calls. Now I mostly do naked puts/calls -- more puts than calls. Just shorted USO via puts (June 103's) about 10 days ago and closed them out at about +30% before oil jumped up on Thursday and Friday. Got lucky there.........

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I am having such a good time owning CMGI, Does anyone else here having the same great day I am having.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

I'm seeing red after many green days.

[vintner Super Moderator Find all posts View Profile Close vintner]

I am having such a good time owning CMGI, Does anyone else here having the same great day I am having.

Wow Frank, you did take a hit on that one.

As I started writing this, I was up $1.23. Now I am down $19. SLB is down for me the as my biggest looser.

[shaggy Moderator Find all posts View Profile Close shaggy]

I am thinking of buying some Wachovia stock as it is the very lowest it's ever ever been. I keep watching it go down, down, down, so I'm waiting for it to bottom out and buy a few shares. What do you all think? I know it's a bank, and that's bad in itself but can't it only go up? Don't scare me , all of my money is in that bank. (Not that I have that much ) shaggy

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I am thinking of buying some Wachovia stock as it is the very lowest it's ever ever been. I keep watching it go down, down, down, so I'm waiting for it to bottom out and buy a few shares. What do you all think? I know it's a bank, and that's bad in itself but can't it only go up? Don't scare me , all of my money is in that bank. (Not that I have that much ) shaggy

I was also watching it. I also am watching Citibank C is looking good right now.

[vintner Super Moderator Find all posts View Profile Close vintner]

Now that the FED is gearing up to raise rates at some point to reduce the infation risk, banks may come into favor.

WB has gone from 51.20 to 18.22 in the past year. Pre market, it is up 34 cents. I am not a buyer yet as I want to see one or two more up days before I stick money into it. I may wait until after the Fed meets.

C is almost the same chart and 52 week reported prices. It has a better look over the last few months, more defined support and resistance bars. It is up 22 cents in pre market.

Still not buying either stock. At least not yet.

Two stocks that have come to me in newsletters, and both a lot more money: my subscription report has RIMM as a suggestion and Zacks lists MON.

RIMM 52 week period is 144.50 and 53.10, currently at 135 with a pre market up only 72 cents. Although the financials and other data look good, the chart has been flat for the past month, or maybe a decending triangle. It could be winding up for a jump later, or just loosing steam. If it does break out to the up side, it may be worth jumping in as this tends to have a 20-30 point run. I am holding off until I see something that looks like a run start before I move in.

MON 52 week period is 140.84 and 58.20, currently up on pre market 1.66 now at just over $136. Still uptrending, but may be ready for a pull back, probably down to 120-125. If it does that in the next two weeks, I will be a buyer. Last run for this stock was about $35 in 6 weeks.

Just my opinion.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Just picked up more beaten up Delta stock at $5.40

[vintner Super Moderator Find all posts View Profile Close vintner]

Just picked up more beaten up Delta stock at $5.40

Price of oil goes up.
Airlines get hurt and stocks goes down.
Frank buys sinking stock.



Is that the bottom and there is only upside?

[wandering gnome Senior Member Find all posts View Profile Close wandering gnome]

date the fed meets?

Don

What is the date the FED is scheduled to meet?

[vintner Super Moderator Find all posts View Profile Close vintner]

Don

What is the date the FED is scheduled to meet?

Next meeting is June 24-25.

[catahoula Member Find all posts View Profile Close catahoula]

still problems ahead?

Wachovia, WaMu still in big trouble - MSN Money

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Oh boy does it hurt

[vintner Super Moderator Find all posts View Profile Close vintner]

Looks for an up day for DAL, WB and C.

[vintner Super Moderator Find all posts View Profile Close vintner]

Wooohoooo.

MOS and FCX both up over $5 each.