According to the European Auto Manufacturers Association, passenger car sales in the European Union (EU) this year are hitting their lowest level since 1990 — the first year total sales numbers were tracked. Compared to the same period last year, sales so far this year are down 5.2 percent, or 7.84 million units. And these numbers come at a time when some of the EU’s most devastated economies, such as Greece and Spain, have actually shown signs of life. However, historically high jobless rates are more than enough to depress car sales in those countries, along with investor enthusiasm for any European recovery in the near future.
My recommendation last week on Sept. 9 to buy Dec 2013 $17.50 call options (THRM131221C00017500) in Gentherm (THRM) was particularly well-timed.
Gentherm's stock has bounced strongly since, and your options are up 59.26% in just six trading days.
Sell half of your options here to lock these quick double-digit percentage profits.
Hold on to the stock and your remaining options for future gains ahead.
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:
Claim your free copy of Dr. Mark Skousen's and Tim Plaehn's new report:
High Yield Havens: 3 Dividend Plays To Safely Hold Forever
Access your free report below:
*By submitting your email, you'll receive this free report, along with complimentary access to Skousen CAFE' and Investors Alley, along with associated financial content and special offers. We value your privacy. You will not be spammed, ever. Period.