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Joined: 28 Dec 2005 Posts: 12092
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Posted: Sun Aug 17, 2008 12:26 pm Post subject: Mon: Buys OIH PFE DNDN Sells SPY |
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Mon: Top Buys OIH PFE DNDN Top Sells SPY
Primary Trades:
If SPX rises above 1,320, SPY Oct puts are buys. PFE Jan calls are buys towards 19 1/2. If OIH falls towards 170 and lower, OIH Sep calls are buys.
Secondary Trades:
DNDN is the top biotech buy. Jan 5 calls may be best.
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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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