Thursday, January 31, 2013

Buy QCOM (sell puts)

Buy QCOM via selling Mar 60 puts @66.7
Qualcomm up on earnings. Chart support at 65, 62.

As for the broader stock market, I am looking at February 4th or 5th as a time to look for at least a pause to refresh from this January rally. Marketwatch has a headline best January since 1989. The individual investor is starting to stir again, after missing the entire huge 100%+ rally off the stock market lows. 

Long EBAY GPS IWM LEN LGF MON PG QCOM TBT
Net long AMZN APC BA

No comments: