Consolidating The Global Bull

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

Let’s spend this week tweaking our portfolio by taking some profits on some of our option positions, opening new positions based on existing holdings, as well as tightening our stops to lock in profits.

Advertisement.

POSCO (PKX)

The Korean steelmaker has been a terrific long-term performer in our Global Bull Market Alert. After hitting record highs last week, the stock is up more than 88% since our initial recommendation. With the Q4 rally just beginning, let’s open another option position here and buy the February $200 call options (PKXBJ.X). Also tighten your stop on the stock to $140

POTASH (POT)

Advertisement.

With the stock up 53.34% since we first recommended it, Potash ended the week pretty much where it started. But our Canada-based play on the soft commodities boom still has plenty of juice left in it. Let’s tighten our stop to $83.00. If you want to play for some additional upside, buy the March $110 call options (PYPCB.X).

TELVENT GIT S.A. (TLVT)

Our Spanish technology play is the only stock yet to reclaim highs reached prior to the summer swoon. But it is climbing back steadily — although low volume in the stock means that the stock price can be quite volatile in this small-cap play. Let’s hold on for now to see how well it will regain its footing over the next few weeks.

CENTRAL EUROPEAN DISTRIBUTION CORP. (CEDC)

Advertisement.

With the stock up a solid 18.02% since Aug. 20, let’s tighten our stop to $42.50. Let’s also take our remaining 85.45% profits on our December $40 call options and roll them over to March $50 calls (CUVCJ.X).

Exclusive  George Gilder Discusses Blockchain, the Graphene Age and More in Interview on NYSE Floor

BHP BILLITON (BHP)

BHP hit record highs on last Monday and consolidated the rest of the week. With the stock up 26.27% and the remaining options up 210.29%, let’s hold on to both for now. Also, tighten your stop to $60.00.

DRYSHIPS, INC. (DRYS)

Our Greek shipping play has been a big (albeit volatile) performer for us, and the stock is up a whopping 30.14% over the last four weeks. The stock jumped almost 6% on Friday alone. With the options up 141.94%, let’s take half of our profits here, and hold on to the rest for now. Let’s also tighten our stop on the stock to $62.50.

Advertisement.

VIMPEL-COMMUNICATIONS (VIP)

After treading water over the past two weeks, Vimpelcom hit a record high at Friday’s close. The combination of its current technically oversold position, and a traditionally strong Q4 in Russia, should ensure that the stock and options will perform strongly over the next few weeks.

CAMECO CORP. (CCJ)

Although our uranium play has been flattish over the last two weeks, I expect the stock to move strongly as it issues its third quarter financial results before markets open on Wednesday, Oct. 31.

ISHARES MSCI HONG KONG INDEX (EWH)

Our bet on momentum in China-based Asian markets got off to a solid start last week, with the ETF up 1.92% and the options up 30%. With the Shanghai market re-opening this week, I expect Hong Kong will consolidate its gains over the next few days before it resumes its upward momentum.

Advertisement.

P.S. Interested in discovering the next sector set to blast off? How about learning the specific shares the experts see as the most profitable in 2008? Attend The World Money Show London and hear from 50+ investment experts as they reveal their profitable strategies and provide their specific stock-picks. The World Money Show London is being held Nov. 30 – Dec. 1 at The Queen Elizabeth II Conference Centre and will feature 14 panel presentations, leading investment products and service providers. As a bonus, I will be moderating a panel discussion about investment opportunities in India. Call today to register for The World Money Show London at 00 800 1414 8888 (phone number for free international calls) between 10:30 a.m. – 10:30 p.m. (EXCEPT from Oct. 28 – Nov. 4 when hours will be 9:30 am – 9:30 pm because of daylight saving). Don’t forget to mention priority code #009516. Or visit the Web site.

Exclusive  Stocks Hit New Highs… Then Bitcoin… and Now Gold: Welcome to the New Roaring Twenties!

share on:

Like This Article?
Now Get Our FREE Special Report:
Alternative Investing: Investing in Timber

Stock Investor editor Paul Dykewicz reveals why investing in timber may be one of the best long-term portfolio strategies you'll find today.

Get Access to the Report, 100% FREE


img
share on:

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader
LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener
LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader
LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor
LEARN MORE HERE

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle
LEARN MORE HERE

DayTradeSPY

DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • Inner Circle
  • Online Workshops
LEARN MORE HERE