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Joined: 28 Dec 2005
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 Posted: Thu Mar 30, 2006 3:06 pm Post subject: Fri: Buys OEX GM Sells SPY IWM FCX |
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Fri: Top Buys OEX GM Top Sells SPY IWM FCX
Primary Trades:
End-of-quarter window dressing may skew stock prices into next week. However, SPY Jun 130 and IWM May 75 puts remain buys.
Secondary Trades:
GM may be volatile enough, with its small market cap, to make gains buying Apr or May calls on pullbacks.
FCX has the potential to pullback 10 points quickly. May 60 puts may be a buy.
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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.
Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.
Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades. |
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