Friday, February 29, 2008

Stock Trades On My Radar

I think the Prince of Wall Street's most recent post, "Buy When There's Blood in the Streets," sums up the current market pretty well. The market is finally starting to stabalize a bit, and there are some really great bargains out there. The stocks I have been following for a little while now are AAPL, JAVA, and GOOG. I believe these stocks have been beaten down enough and there is a lot of upside potential.

AAPL has found some support and is starting its trend back up. They are expected to blow away their next earnings. Also, the rumors of a stock split are out again, and AAPL is having a meeting next week... I am looking at the Mar 140 calls.

GOOG has recently fallen through support, but it climbed right back up. I think now is the time that GOOG will begin its trek back up, and GOOG definitely has a lot of upside potential. I might look into the Mar 540 calls tomorrow.

JAVA has a lot of deals and good products out there, and I think it is time the stock will start moving up. I think I will make a killing buying the Mar 19 calls!

As always, I like to trade fast and hard ocassionaly, and now is that time again. This trading style is definitely not for everyone. Remember, only trade what you can afford to lose.

I will post later on tonight about my trading day...

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