Tag Archive: fmcn

FMCN , GMCR – Rolling the Dice

No great technical setups….Bought the following calls:

FMCN Dec 26 @ 0.45  It’s been beaten down so bad how much worse can it get??? 🙂

GMCR Dec 33 @ 1.43  It still has a huge gap to fill so earnings is a good catalyst to do it, that’s the theory at least.

UPDATE (Nov. 28):

GMCR got a nice pop this morning, sold out at $3.10 for $1.67 profit, a nice little gambling bonus. Unfortunately I sold close to the open so I didn’t realize another 60 – 80 cents of profit had I wait after the first 30 mins. With the market tanking I didn’t want to take the risk and sold out.

FMCN did not gap up but is moving up nicely in the first half of the day. Since the option has some time left I’ll see how it does over the next week. I probably should just sell out at break even but since the option was so cheap I’ll let it ride.


Early Christmas

All out of YHOO, last lot @ $18.80

I was looking for a steady climb into the $20 range but it kept on going and finally today Goldman Sachs decided to put it onto their “Conviction Buy” list which resulted in a nice gap up. I took that as a sign to exit and wait for the stock to calm down. I’ll be tracking this one to re-enter, possibly in a week or two.

AAPL continues to be strong so I’m raising the target on my remaining shares to $620. New stop has been raised to $573.70.  The setup yesterday was actually a nice one to add shares, oh well.  Awesome stock, awesome products.   Definitely my stock of the year.

Courtesy of Apple subsidizing some speculative earnings plays, I’m looking at FMCN for today’s announcement after the bell.