Posted by: ctraderd | November 4, 2012

Watchlist- Week of 11/5/12

In the first week of November, the markets were all over the place. The Dow Jones Industrial Average ended up falling –29.57 for a total of –.23%, the S&P 500 went up +2.66 for a total of +.19 and QQQ shares remained unchanged for the week, closing on Friday at 65.10. I closed out no trades this week but opened up a position of 2 LNKD Nov12 100 Puts for LNKD’s earnings. Unfortunately, LNKD’s EPS was $.22 which beat estimates of $.11 by 100%. Before making any decisions based on this article, read my disclaimer and do your own research!!

1.) iShares MSCI Emerging Markets Index (EEM):

EEM was very volatile over the week, closing out Friday up +.31 for the week, a total of +.75%. Unfortunately, I am down on both my Dec12 43 Calls and Puts on the Index, –475 total on the trade. I do however expect this to change as we near December.

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2.) Exelixis, Inc. (EXEL):

EXEL fell another –.15 last week for a total of –3.09%. I am still long my 1000 shares for hopes of a run-up to the November 29th PDUFA of Cabozantinib. My price target still remains the same at 5.50+. We may be waiting until the day of to make money on this baby, because at the $5 mark, many people short and it is very hard for EXEL to get over $5.

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3.) Direxion Daily Gold Miners Bull 3X Shares (NUGT):

NUGT got creamed last week, falling –1.56 for a total of –10.19% because Gold had an awful week. I am still bullish this stock because all it takes is one day for this baby to shoot back over $15. I am still holding my Nov12 15 Calls and will possibly add more on Monday at these bargain prices. Once again, Gold only needs one big day to send this thing flying.

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4.) Direxion Daily Gold Miners Bear 3X Shares (DUST):

DUST had a phenomenal week last week, gaining +2.04 because Gold had a bad week. Remember, DUST can lose these gains just as fast as it made them, all it needs is one good day for Gold.

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5.) LinkedIn Corporation (LNKD):

LNKD had earnings last week in which they beat the estimates of $.11 per share by 100% because their actual EPS was $.22. LNKD went up +1.38 for a total of +1.31%. For earnings I bought 2 LNKD Nov12 100 Puts. I can still see this thing declining below 100 before expiration because on Friday, the day after earnings, LNKD opened at $115.47, up +8.69 for a total of +12.28%. At the close on Friday, LNKD closed at $106.78, down –.07 for a total of –.07%. I could see this baby continuing to fall throughout the week.

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