Sorry we have been out of action on this blog. But that has mainly been because of the fact that we got heavily into options trading on several volatile and/or promising stocks like SFLY, APWR, TSO, HUN etc. With POSITIVE results.
After SFLY's climb of 17% we have closed out our position. However, there is a significant chance of a small pullback and a new climb again. Considering SLFY is above it's 50 and 200 day moving averages and has made a new 52 wk high, it looks like a good prospect for growth.
APWR has been up and down, but now it looks to be on course for a fresh climb. We still hold open positions in APWR and expect to get out around the $15-$16 range in the near future.
Now, let us speak about the most promising pick for the next few months: TSO. This refiner has begun to climb back from the recent lows in the 11 dollar range, so the timing is good to get back on any short term pullbacks and look to hold it for a 3-5 month range through summer. Barring any major changes in world oil prices, TSO should smartly climb up to the 17-19 range by August-September.
Hunstman Chemicals (HUN), has been a very solid stock and has been posting good earnings and revenues. Expect this stock to have good support and more growth packed in. Add on market down days is about the only piece of wisdom I can share when it comes to HUN.
Lastly if you are thinking of getting into options, then check out these books before you start trading:
1.The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options
2. Trading Options at Expiration: Strategies and Models for Winning the Endgame
NEVER TRADE ON MARGIN. Keep a margin account for easy settlement, but NEVER use the margin to actually trade or hold overnight.