Sell half your August $100 call options in Korean steelmaker Posco (PKX-HT) for a 48.81% gain. But for now, hold on to the stock which is up almost 9%. Not bad for a position we entered a month ago today!
NII Holdings (NIHD) announced strong results today and it also named a new CFO. As our June $75 call options (QHQ-FO) near expiration, let’s take our profits here for a 29.82% gain. But let’s hold on to the stock for now.
Overall, global markets continued their recovery this week. The combination of dollar weakness and a "decoupling" of the U.S. economy and stock market from the rest of the world mean that 2007 is shaping up to be another strong year for global stock markets. Five out of seven of our positions are profitable, with most profits ranging between 7.36% and 12.96% in a little over two months. MICC is up 0.25% since we bought it slightly more than a week ago.
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:
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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: