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:
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.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
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:
Get free access to "Millionaire Maker" Hilary Kramer's latest report 3 Biotech Breakthroughs To Bank On. Simply tell us where to send it in the box below.
*Along with my FREE report, Hilary Kramer's
3 Biotech Breakthroughs to Bank On, please also send Hilary's free weekly e-letter, Trading Desk. We value your privacy. You will not be spammed, ever. Period.