I’m going to start a new post series, called “Weekly Wrap!” Every weekend, I will try to find time to write a quick post on the trades (Happy Trades!!) made during the week. This way, I can do a quick review on how my published trades go each week, make discussions on anything special, and take mental notes on any trades that are still open.
Well, as I posted at Friday’s close, we had a great week! All, 100%, of the closed trades were profitable! There are several trades opened during this week that didn’t get closed:
LVS Sept 105 calls, LVSIA, at $2.9 (open)
Friday close: $3.5; unrealized gain/loss: +21%
AAPL Sept 130 calls, APVIE, at $7.5 (open, partially out)
Friday close: $8.78; unrealized gain/loss: +17%
NVDA Sept 47.5 calls, UVAIW, at $2.85 (open)
Friday close: $2.6; unrealized gain/loss: -8.8%
NMX Sept 135 calls, NMXIG, at $3.8 (open)
Friday close: $3.1; unrealized gain/loss: -18.4%
SPWR Sept 65 calls, QSUIM, at $4.3 (open)
Friday close: $3.1; unrealized gain/loss: -32.2%
I have already taken partial profits on AAPL. WYNN went up over +6% on Friday, while LVS only went up +1.85%. LVS is in a position to challenge its recent high of $110, set on 8/9. NVDA still looks good and has a 3-for-2 split coming on 9/11. NMX is buyout play, as the company confirmed that merger talks are in progress. SPWR has been under some pressure (well, the whole sector has been pretty volatile lately), even though the company has confirmed 2008 outlook. SPWR has been defending the support at $62.7. The daily chart is a little weak, but, its weekly chart is still in an uptrend.
I received a wonderful letter in the email this morning from one of our members:
Hi Happy,
I just wanted to let you know how much my son and I have benefited from you
site. Raising a child alone, as a single parent, can be economically challenging to say
the least.
Some of us have to work 2 jobs just to make ends meet.
Your site has provided that 2nd source of income for me.
I am proud to say that my son Cameron is an “A” student, all-Star baseball
player and has a great christian character and sense of humor.
Your site and members have allowed me the opportunity to devote the time
necessary for continued development of a truly wonderful caring child.
Many thanks, to you, Jared, and all members for their contributions.
Thanks, again
marketquest
Date: August 25, 2007 9:40:49 AM EDT
Thank you, marketquest! I had no idea that my blog can be touching people this way. The members are really creating a great trading community. And, the members’ board is alive with lots of great comments (216 comments on Friday)! People are definitely working together to share information and ideas. Your message really made me think and shift my focus. I feel honored to host such a place for people to interact and hope to bring more and more financial freedom to all the members!
Here are some snapshots of Friday’s actions on the members’ board:
RankXerox
Posted August 24, 2007 at 5:57 am | Permalink (Edit)
Happy and all of you, what about MICC sept 80 @ 3.30 ??
HappyTrading
Posted August 24, 2007 at 6:23 am | Permalink (Edit)
MICC
not quite sure. Looks like it’s going to gap up at open. any news?
Mauraku1
Posted August 24, 2007 at 6:33 am | Permalink (Edit)
Good morning all
ACH on the move..
coolkid
Posted August 24, 2007 at 6:36 am | Permalink (Edit)
MT up big due the upgrade
HappyTrading
Posted August 24, 2007 at 6:36 am | Permalink (Edit)
NOV + OIHs
are going up!
HappyTrading
Posted August 24, 2007 at 6:49 am | Permalink (Edit)
ACH
shooting for new high?
HappyTrading
Posted August 24, 2007 at 6:57 am | Permalink (Edit)
metals are strong today, due to that MT upgrade?
NE looks good (remember I already have it. I thought it was too volatile so didn’t publish)
Luck -o- the Irish
Posted August 24, 2007 at 7:01 am | Permalink (Edit)
july up 2.8% good housing number
HappyTrading
Posted August 24, 2007 at 7:04 am | Permalink (Edit)
housing data, thanks people!
market
ok, lets wait 10-15min to see if the reaction sticks!
HappyTrading
Posted August 24, 2007 at 7:10 am | Permalink (Edit)
EMC
still have lots of room to go up!
HappyTrading
Posted August 24, 2007 at 9:02 am | Permalink (Edit)
GS/XLF
watch GS! If GS goes green and ignites the financial sector, that’s our rocket booster for the market!
RankXerox
Posted August 24, 2007 at 9:10 am | Permalink (Edit)
MICC made me the half day bougth sept 80 @ 3.50 this mornig now @ 5.3
just was a feeling…
HappyTrading
Posted August 24, 2007 at 9:12 am | Permalink (Edit)
BIIB
big jump on Ichan news!
Luck -o- the Irish
Posted August 24, 2007 at 9:14 am | Permalink (Edit)
BIIB has a nice looking chart
Bought the Sep 60s BIIB calls
optiondragon
Posted August 24, 2007 at 9:54 am | Permalink (Edit)
Just got out and now watching the sept 60 calls with houses money. ACH!
10% gain it has small float too Happy this thing could so easily pull a X and go up 50 points in a several months
HappyTrading
Posted August 24, 2007 at 10:05 am | Permalink (Edit)
NE
just jumped!! taking some profits! (non-published trade)
HappyTrading
Posted August 24, 2007 at 10:07 am | Permalink (Edit)
China plays
I bought PTR this morning for myself (non-published trade); PTR has not risen as much as the other guys. Didn’t want to chase ACH/CHL/LFC.
chemistry
Posted August 24, 2007 at 12:00 pm | Permalink (Edit)
WYNN jumping again
BillBigD
Posted August 24, 2007 at 12:04 pm | Permalink (Edit)
EMC-$20
HappyTrading
Posted August 24, 2007 at 12:45 pm | Permalink (Edit)
AAPL
trying to take some profits on those 130 calls, APVIF, at $8.5
SPX is at 30-day MA, Nasdaq almost there. Start thinking about locking in profits!
HappyTrading
Posted August 24, 2007 at 12:54 pm | Permalink (Edit)
LVS
limit order in to get LVSIA out at $3.6. If it goes fine, if not, should go higher next week. No hurry on this.
EMC
Thanks! I think it goes higher. Looking to get some more out at $1.5 next week.
Remember to keep some cash over the weekend!
Ozzie
Posted August 24, 2007 at 6:07 pm | Permalink (Edit)
Thank you very much everyone. This is only my first day here and I already make like half year worth of the site’s subscription, and some more. Unreal
That was definitely an exciting day!
I’ll be back with next week’s market forecast.
Happy weekend and HappyTrading! ™
ps. The special 30% discount on 1st-round membership is coming to an end. As of 9/10/07, 2 weeks from now, the membership rate will be without discount, i.e.:
$99/month
$249/quarter
$799/year
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