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Joined: 28 Dec 2005 Posts: 12643
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Posted: Sat Jan 14, 2006 6:00 pm Post subject: Tue: Buys IBM Sells SPX SPY OIH GOOG CME MER QLGC |
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Tue: Top Buys IBM Top Sells SPX SPY OIH GOOG CME MER QLGC
IBM reports earnings after the close Tue and it's fundamentally undervalued. SPX Jan 1,295 or 1,290 puts may be a buy in the low 1,290s for a quick trade. SPY Feb or Mar puts are buys on market bounces. OIH sometimes moves opposite SPY, and it's relatively overvalued. GOOG has the potential to fall sharply on earnings Jan 31st, and often pulls-back before earnings. CME Feb puts are a buy. MER reports earnings Thu and Jan 70 puts (or a Jan 70 straddle with more puts than calls) may be worth the risk. QLGC has the potential to pullback sharply on earnings Wed. |
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