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.


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.


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.


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.


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.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: