Wang’s Happy Trading

MASSIVE gains in BBY, QCOM, CME booked today!

March 25, 2010
09:20 | Bagger Vance CME ($324.00) Sold to Close CME 041710 320 C Apr 320 calls, at $10.30 +66%
06:57 | Bagger Vance QCOM ($43.25) Sold to Close AAO 04172010 37 C Apr 37 calls, at $6.35 +159%
06:56 | Bagger Vance BBY ($44.65) Sold to Close BBY 04172010 36 C Apr 36 calls, at $8.80 +309%

Being patient PAYS OFF.  The BBY call play was put out on Mar 4, and while it surged nicely recently the big upside was today and we nailed it with earnings.  These gains MORE than pay for the emails sent directly.  Do I mention these in the chat room?  Sure, but I can’t be too specific otherwise my followers do not have an advantage.  Maybe just buying 2 options of each would have booked well over 2K in profits with only about 2K at risk.  Ready to try it?  More big winners on the horizon.  Plus, new articles on the way.

https://www.myhappytrading.com/Subscribe/Bagger+Vance.aspx

Huge reversal in the markets as it seemed right for traders to take profits.  The market surged on big volume, which is mostly a sign of selling these days (low volume advances).  The breadth was negative and we could be in for a bit more downside to come.  News was driving the action today with the euro zone and IMF still trying to figure out Greece.  Earnings trickled in as well, BBY great, ORCL sorta good.  The commodities had a big reversal intraday as the dollar surged to near 82.5.  Bonds were rather weak today as the bond auction was disappointing.  Chairman Bernanke was squawking on the ‘Hill, but mostly same stuff as before.  Next week is a pivotal week:  jobs report, end of quarter, RIMM earnings and a short trading week (mkt closed Fri).

Have a great night!

by Bagger Vance