Today's Ideas:
    for morning of Mon. Mar. 3, 2008

    IMPORTANT: Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  

    Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Position Update: 


      Great trading last few weeks, and we hope our readers have been "on board". We took profits on the SRS with the ISM catalyst, and will be looking to re-enter over the next few days. As mentioned in the e-mail alert, today had a catalyst and deserved more attention than has been required recently. Let us know if you did not receive the alert that we sent this morning, and we'll try to make sure you get vital updates as they occur.

    SRS yielded an $11.84 profit/share on considerable size. With an average cost of $103.79, it's an 11.387% return on the trade. This trade worked about as nicely as anyone could hope for, and we shouldn't expect such a smooth process all the time. We're currently on the sidelines (only Sugar futures long), and we'd welcome the opportunity to re-enter either SRS or SKF. These signals will most likely not present today, but we're ready if they do. We also saw a potential opportunity in GOOG and AAPL long, but did not get a signal, so will just watch for now. Be patient, keep profits, and deploy capital only when the risk/reward is skewed in your favor. If something changes or sets up, we'll inform readers on the ticker. We use e-mails sparingly.

    Regarding commodities, they continue to march higher, Sugar included. This trade has been phenomenal, and if it spikes higher, we'll have to take some profits home. Until then, sit tight with the position, and know you are on the right side of a HUGE trend. There are lots of potential buyers below the markets in just about all commodities. We urge readers that lack commodity experience to learn about them and be prepared to get involved. As nice as the SRS trade was, it's not even close to the returns on commodities!

    Position update as of 11:22 am:

    Long 2 units AAPL (avg. price $121.64)

    Sold 4 units SRS at $115.81 (profit $11.84/share or 11.387%)

    Long 3 units SB (May contract avg. price .13119)

    Trading Accounts equity at new all time highs.


    For previous posts visit the archives.



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