Editor's Note:

ATI and TEVA made the jump from watch list to play list.

-James


Closed Plays


CMP, FSLR, and MSFT were closed this past week.


Play Updates


Arch Coal Inc. - ACI - close: 32.48

03/12 update: It was a rough week for ACI as coal stocks continued to sell-off. We were expecting a dip to $34 but the pull back in ACI surpassed that level. Shares broke short-term support near $32 and its 100-dma to temporarily hit $31.39 on Friday morning. The action in ACI last week has created a huge bearish engulfing (reversal) candlestick pattern on the weekly chart. I am not suggesting new bullish positions and readers may want to raise their stop losses. Currently our stop is at $29.75.

- Current Positions -
Nov 22, 2010 - entry price on ACI @ 30.15, option @ 3.90
symbol: ACI1221A35 2012 JAN $35 call - current bid/ask $ 4.00/ 4.10

- or -

Nov 22, 2010 - entry price on ACI @ 30.15, option @ 5.15
symbol: ACI1319A35 2013 JAN $35 call - current bid/ask $ 6.45/ 6.70

03/05/11 New stop loss @ 29.75
01/22/11 New stop loss @ 27.75
01/15/11 New stop loss @ 28.90
01/01/11 new stop loss @ 29.75
12/25/10 New stop loss @ 28.75
11/22/10 Play opened. ACI @ $30.15

Current Target: $39.75
Current Stop loss: 29.75
Play Entered on: 11/22/10
Originally listed in the New Plays 11/20/10


AK Steel Holding - AKS - close: 15.46

03/12 update: AKS continued to drift lower most of the week. Suddenly shares surged +5.7% on Friday and broke its three-week trendline of lower highs. Steel stocks were showing lots of strength as investors bet the rebuilding of Japan will increase demand for steel and metals. I still see potential resistance in the $15.50-16.00 zone so I am not suggesting new positions at this time. Let's wait for a new close over $16.00 before we consider buying calls again.

AKS can be volatile so our plan was to limit our risk by keeping our position size small. Our long-term target is the $25.00 area.

- Current Positions -
Feb 22, 2011 - entry price on AKS @ 16.10, option @ 1.55
symbol: AKS1221A20 2012 JAN $20 call - current bid/ask $ 1.25/ 1.30

- or -

Feb 22, 2011 - entry price on AKS @ 16.10, option @ 2.95
symbol: AKS1319A20 2013 JAN $20 call - current bid/ask $ 2.17/ 2.34

Current Target: $25.00
Current Stop loss: 13.90
Play Entered on: 02/22/11
Originally listed on the Watch List: 12/25/10


Apache Corp. - APA - close: 118.82

03/12 update: The first half of the week was a quiet one for energy stocks. That changed on Thursday as oil-related stocks were hammered lower. APA broke down with a sharp plunge toward its 100-dma. The sector bounced on Friday but Thursday's decline inflicted a lot of technical damage to the charts. APA now has overhead resistance at $120.00 (and at $125). I am not suggesting new positions at this time. More conservative traders might just want to consider an early exit now since the path of least resistance might be down.

Our long-term target is $143.50. FYI: The Point & Figure chart for APA is bullish with a $129 target.

- Suggested Positions -
Feb 28, 2011 - entry price on APA @ 123.49, option @ 8.00
symbol: APA1221A140 2012 JAN $140 call - current bid/ask $ 6.35/ 6.55

- or -

Feb 28, 2011 - entry price on APA @ 123.49, option @ 14.50
symbol: APA1319A140 2013 JAN $140 call - current bid/ask $11.90/13.85

Daily Chart of APA:

Weekly Chart of APA:

Current Target: $143.50
Current Stop loss: 114.75
Play Entered on: 02/28/11
Originally listed in the New Plays 02/26/11


Allegheny Technology - ATI - close: 64.17

03/12 update: ATI was on our watch list with a trigger to buy calls on a dip at $61.00. The stock gapped open lower on Thursday at $60.78, opening our trade. Traders bought the dip in a big way on Friday with a +5.0% gain. This big move was probably a reaction to the damage in Japan. Investors believe the rebuilding efforts could raise demand for steel and metals.

If you missed the entry point in the $61-60 zone I'd probably wait for a dip near $62.50-62.00 as an entry point. Our long-term targets are $75 and $85.

- Suggested Positions -
Mar 10, 2011 - entry price on ATI @ 60.78, option @ 6.40
symbol: ATI1221A70 2012 JAN $70 call - current bid/ask $ 7.40/ 7.70

- or -

Mar 10, 2011 - entry price on ATI @ 60.78, option @ 10.20
symbol: ATI1319A70 2013 JAN $70 call - current bid/ask $11.20/12.80

Chart of ATI:

Current Target: $75.00, and $85.00
Current Stop loss: 55.75
Play Entered on: 03/10/11
Originally listed on the Watch List: 02/05/11


BE Aerospace Inc. - BEAV - close: 34.29

03/12 update: The rebound in BEAV has stalled thanks to market weakness. Shares have been unable to shake off the bearish trend of lower highs. Readers may want to wait for a close over $36.00 or its 50-dma before initiating new bullish positions.

If you do open new positions I would buy the October calls.

- Current Positions -
Feb 23, 2011 - entry price on BEAV @ 34.00, option @ 2.75
symbol: BEAV1116G35 2011 JUL $35 call - current bid/ask $ 2.60/ 2.80

Current Target: $40.00
Current Stop loss: 31.49
Play Entered on: 02/23/11
Originally listed on the Watch List: 01/22/11


Berkshire Hathaway - BRK.B - close: 85.30

03/12 update: BRK.B spent the last week consolidating sideways. The larger trend is still very bullish. Depending on your own personal style you could look to buy dips near $82 or wait for a new close over $86 as a potential entry point. (FYI: 2013 calls are available)

- Current Positions -
Oct 29, 2010 - entry price on BRK.B @ 79.00, option @ 5.00
symbol: BRKB1221A90 2012 JAN $90 call - current bid/ask $ 4.70/ 4.85

01/22/11 2011 January calls expired (-100%)
12/11/10 New stop loss @ 77.75.
11/20/10 New entry point on bounce from 200-dma
11/20/10 New stop @ 75.75
10/29/10 Play triggered on dip at $79.00.

Current Target: $ 99.00
Current Stop loss: 77.75
Play Entered on: 10/29/10
Originally listed on the Watch List 09/11/10


Compania de Minas Buenaventura - BVN - close: 43.53

03/12 update: BVN also experienced a rough week. Shares plunged on Thursday and broke down under its 200-dma. Traders did buy the dip on Friday but the short-term trend still looks bearish. BVN might retest support near $40.00 again. I'd wait for a dip or a bounce near $40.00 before considering new bullish positions.

Earlier Comments:
I cautioned readers that our entry point at $45 was an aggressive, higher-risk trade. Our plan was to open small (half) positions to limit our risk.

- Current Positions -
Jan 5, 2011 - entry price on BVN @ 45.00, option @ 3.90
symbol: BVN1119F50 2011 JUN $50 call - current bid/ask $ 1.20/ 1.40

01/22: Adjust the stop loss to $38.95
01/05: Play is opened at $45.00 (small positions only)

Current Target: $ 54.75
Current Stop loss: 38.95
Play Entered on: 01/05/11
Originally listed on the Watch List --/--/--


BorgWarner Inc. - BWA - close: 74.66

03/12 update: BWA weathered the recent market volatility pretty well but Friday saw shares fall toward its late February support near $74.00. A breakdown here and the stock would probably test $70 pretty quickly. I am not suggesting new bullish positions at this time.

Prior Comments:
BWA has been volatile lately so we have a wide (aggressive) stop loss at $69.75. More conservative traders may want to use a stop closer to the $73.00 area. Our targets are optimistic at $88.00 and at $99.00. Keep in mind our plan was to use small positions to limit our risk.

- Current Positions -
Feb 23, 2011 - entry price on BWA @ 74.00, option @ 4.20
symbol: BWA1116G80 2011 JUL $80 call - current bid/ask $ 3.60/ 4.40

Current Target: $88.00, $99.00
Current Stop loss: 69.75
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/05/11


Citigroup, Inc. - C - close: 4.57

03/12 update: Thus far C has managed to hold support near the $4.50 level. Readers may want to go ahead and initiate positions here. Otherwise we can wait and see if shares fall closer to their 200-dma, which is nearing $4.30. We have a stop loss at $4.19.

Depending on your personal tolerance for risk you'll want to consider buying the stock (same price as many LEAPS) or actually buying the call LEAPS (greater risk/reward).

Of course you don't have to buy a big position now. You could slowly scale into your position a little at a time.

- Current Positions -
Feb 23, 2011 - entry price on Citigroup stock (C) @ 4.60

- or -

Feb 23, 2011 - entry price on C @ 4.60, option @ $0.48
symbol: C1221A5 2012 JAN $5 call - current bid/ask $ 0.36/ 0.37

- or -

Feb 23, 2011 - entry price on C @ 4.60, option @ $0.85
symbol: C1319A5 2013 JAN $5 call - current bid/ask $ 0.70/ 0.71

Current Target: $6.50, and $7.75
Current Stop loss: 4.19
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/19/11


Canadian Natl. Railway Co. - CNI - close: 74.40

03/12 update: CNI spent the week bouncing sideways in the $73-75 zone but shares still posted a gain for the week. Railroad stocks have continued to hold up well and the industry seems poised for further gains. I'd probably look for a dip near the rising 30 or 50-dma as our next bullish entry point. Our long-term target is $89.00.

- Suggested Positions -
Feb 28, 2011 - entry price on CNI @ 72.39, option @ 2.90
symbol: CNI1221A80 2012 JAN $80 call - current bid/ask $ 3.50/ 3.90

Current Target: $89.00
Current Stop loss: 67.00
Play Entered on: 02/28/11
Originally listed in the New Plays 02/26/11


Walt Disney Co. - DIS - close: 42.93

03/12 update: We are not seeing a lot of movement in DIS. Shares churned sideways in the $43.50-42.00 zone last week. I am still expecting a dip toward the 50-dma or the $40.00 level. I am not suggesting new positions at this time.

- Current Positions -
Oct 27, 2010 - entry price on DIS @ 35.60, option @ 2.23
symbol: DIS1221A40 2012 JAN $40 call - current bid/ask $ 5.75/ 5.90

- or -

Oct 27, 2010 - entry price on DIS @ 35.60, option @ 3.63
symbol: DIS1319A40 2013 JAN $40 call - current bid/ask $ 7.35/ 7.85

02/12/11 New stop loss @ 37.85
02/09/11 1st Target Hit. Options @ +137% and +103%
02/05/11 New stop loss @ 35.75
01/08/11 New stop loss @ 34.95
01/08/11 Target changed to $43.00 and $46.00
10/27/10 Play opened, DIS opened @ $35.60

Current Target(s): $43.00, 49.00
Current Stop loss: 37.85
Play Entered on: 10/27/10
Originally listed on the Watch List 10/24/10


Brinker International - EAT - close: 24.79

03/12 update: An analyst upgrade last week helped push EAT to new three-year highs. The stock looks poised for a dip toward $24 again. I'd wait for dips near the 50-dma before considering new bullish positions. Our exit target is $29.50. FYI: If you open new positions I would prefer the October calls instead of the Julys.

- Current Positions -
Feb 23, 2011 - entry price on EAT @ 22.50, option @ $ 1.10
symbol: EAT1116G25 2011 JUL $25 call - current bid/ask $ 1.95/ 2.15

Current Target: $29.50
Current Stop loss: 20.95
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/12/11


Ford Motor Co - F - close: 14.36

03/12 update: A week ago I warned readers that we might see another buy-the-dip entry point near $14.00 and its 200-dma. Sure enough Ford spent a good portion of the week testing support near $14.00. Shares actually gapped open lower on Friday at $13.90 before bouncing. I remain bullish on the stock but readers might want to seriously consider waiting for shares to close above short-term technical resistance at the 10-dma (currently near $14.50) first or wait for a close above $15.00 before initiating positions.

I'm suggesting a stop loss at $12.40. Our long-term exit targets are $19.75 and $24.00.

- Suggested Positions -
Feb 28, 2011 - entry price on F @ 15.29, option @ 2.17
symbol: F1221A15 2012 JAN $15 call - current bid/ask $ 1.63/ 1.65

- or -

Feb 28, 2011 - entry price on F @ 15.29, option @ 1.50
symbol: F1319A20 2013 JAN $20 call - current bid/ask $ 1.18/ 1.25

Current Target: $19.75, and $24.00
Current Stop loss: 12.40
Play Entered on: 02/28/11
Originally listed in the New Plays 02/26/11


Fiserv, Inc. - FISV - close: 60.54

03/12 update: Ouch! It was a rough week for FISV. Shares broke through the 50-dma on Monday, failed near the 50-dma on Tuesday and Wednesday, and broke down under the $60.00 mark on Thursday. Friday's bounce was encouraging but FISV technicals have definitely soured. Now FISV has some overhead resistance in the $61-62 region. FISV should have support at its 100-dma and the $58.00 level but if the major market indices actually breakdown from current levels I would not bet on these levels in FISV holding. More conservative traders may want to raise their stop s toward the $59.00 area. I am not suggesting new positions at this time.

- Suggested Positions -
Feb 14, 2011 - entry price on FISV @ 62.30, option @ 3.20
symbol: FISV1117I65 2011 SEP $65 call - current bid/ask $ 2.20/ 2.40

Current Target: $74.75
Current Stop loss: 57.50
Play Entered on: 02/14/11
Originally listed on the Watch List: 01/29/11
Originally listed in the New Plays 02/12/11


SPDR Gold ETF - GLD - close: 138.22

03/12 update: In spite of ongoing violence in Libya and the day of rage protests planned for Saudi on Friday, the price of gold was slowly drifting lower. When the Saudi protests failed to show up the price of gold initially moved lower on Friday but managed to rebound. The highs in early March could be a short-term top. I wouldn't be surprised to see the GLD correct back toward the $135-134 zone. I am not suggesting new bullish positions at this time.

Prior comments:
Our April put, which we bought as a hedge against a sudden drop in gold, will probably expire worthless. Currently our final long-term bullish target is $149.00.

FYI: Several weeks ago Goldman Sachs raised their 2011 price target on gold to $1,700 an ounce. Another firm raised their 2011 price target to $1,600 an ounce.

- Current Positions -
Aug 6, 2010 - entry price on GLD @ 118.00, option @ 10.75
symbol: GLD1221A130 2012 Jan $130 call - current bid/ask $14.55/14.75

- Short Term Put -

Jan 18, 2011 - entry price on GLD @ 133.63, option @ 1.70
symbol: GLD1116P125 2011 APR $125 PUT - current bid/ask $ 0.21/ 0.23

02/26/11 New stop loss @ 127.00
01/18/11 GLD opened at $133.63. April $125 put opened at $1.70
01/15/11 Added April Puts to protect ourselves from further declines.
01/08/11 Expecting a correction toward $125
11/09/10 Target hit - GLD opened at $138.70, 2011 Mar. Call opened @ $20.00 (+159%)
11/06/10 new stop @ 123.40
10/30/10 New stop @ 121.00. Readers may want to exit ahead of FOMC meeting
10/02/10 Sell half of the 2011 March calls, option @ 12.70 (+64.9%)
10/02/10 New stop $ 118.49
09/25/10 New stop @ 116.45, new target 138.50

Current Target(s): $149.00
Current Stop loss: 127.00
Play Entered on: 08/06/10
Originally listed on the Watch List 06/05/10


Goodyear Tire - GT - close: 14.98

03/12 update: It has been a very good week for GT. Traders bought the dip again near $13.25 and the stock has formed a double bottom there. The rally got another boost on Friday thanks to an analyst upgrade. Shares of GT are now testing its February highs and resistance near $15.00. I am not suggesting new positions at this time. More conservative traders may want to move their stop loss near the $13 level. Our long-term target is $18.50.

- Current Positions -
Feb 23, 2011 - entry price on GT @ 13.50, option @ 1.90
symbol: GT1221A15 2012 JAN $15 call - current bid/ask $ 2.60/ 2.75

- or -

Feb 23, 2011 - entry price on GT @ 13.50, option @ 2.90
symbol: GT1319A15 2013 JAN $15 call - current bid/ask $ 3.50/ 3.90

Current Target: $18.50
Current Stop loss: 11.75
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/19/11


Humana Inc. - HUM - close: 64.45

03/12 update: It was a very quiet week for HUM with the stock consolidating sideways. Shares still look a little bit overbought. I wouldn't be surprised to see a correction toward $60 but HUM is still building a trend of higher lows. I am not suggesting new positions at this time. Our target to exit is the $69.00 mark. Currently we only have half a position open.

- Current (half) Positions -
Sep 17, 2010 - entry price on HUM @ 50.50, option @ 6.40
symbol: HUM1221A55 2012 Jan $55 call - current bid/ask $12.50/13.30

02/26/11 New stop loss @ 55.90
02/12/11 Exit half of our 2012 calls now, bid $8.40 (+31.2%)
02/12/11 New stop loss @ 51.75
12/11/10 New stop loss @ 49.75
11/20/10 Entry point on the dip.
10/23/10 Exit (sell) the 2011 Jan. $55 calls, bid @ 4.40 (+137%)
10/23/10 New stop loss $ 48.75
10/16/10 New stop loss @ 47.40
10/11/10 New Entry point - HUM is breaking out past $51.00.

Current Target(s): $69.00
Current Stop loss: 55.90
Play Entered on: 09/17/10
Originally listed on the Watch List 09/04/10


L-3 Communications - LLL - close: 79.68

03/12 update: Nothing has changed for our LLL play. The consolidation inside the $78-81 range is now past is fifth week. Nimble traders might consider bullish positions on a breakout past $81 (with a tighter stop, of course). Our final target is $89.00.

- Current Positions -
Nov 11, 2010 - entry price on LLL @ 71.87, option @ 5.80
symbol: LLL1221A75 2012 Jan $75 call - current bid/ask $ 9.20/ 9.50

02/12/11 New stop loss @ 73.75
02/05/11 There was no follow through lower.
01/29/11 LLL is correcting lower!
01/08/11 Take Profits Early. LLL @ 78.23. Option @ $8.50 (+46.5%)
01/08/11 New stop loss @ 69.90
11/11/10 Play triggered with LLL's gap open @ 71.87

Current Target(s): $79.50, 89.00
Current Stop loss: 73.75
Play Entered on: 11/11/10
Originally listed on the Watch List 11/06/10


MEDNAX Inc. - MD - close: 66.55

03/12 update: MD has now spent about a week and a half trading sideways in the $86-88 zone. One strong week would be enough for MD to hit our target at $69.50. I am not suggesting new bullish positions at this time.

Prior Comments:
MD doesn't have LEAPS so we had to settle for 2011 August calls. NOTE: Keep your position size small. The options on MD wide spreads, which puts us at a disadvantage!

- Current Positions -
Feb 03, 2011 - entry price on MD @ 60.33, option @ 3.60
symbol: MD1120H65 2011 AUG $65 call - current bid/ask $ 5.40/ 6.30

03/05 New stop loss @ 62.40
02/19 New stop loss @ 59.75
02/03 Trade triggered at $61.00, Option @ $3.60

Current Target(s): $69.50
Current Stop loss: 59.75
Play Entered on: 02/03/11
Originally listed on the Watch List 01/22/11


Teva Pharmaceuticals - TEVA - close: 49.11

03/12 update: TEVA has made the jump from our watch list to our play list. Shares came close to hitting $49.00 earlier in the week but didn't actually trade at $49.00 until Friday. Normally pharmaceutical stocks are seen as safe-haven trades in times of market duress so I'm a little surprised at TEVA's recent weakness. The stock should find support in the $49-48 zone. While our play is open you might want to wait on new entries. We could see a dip toward the December lows near $48.50 soon and use that as an entry point to buy calls. The short-term trend is down so more conservative traders may want to wait for TEVA to break this trend. A close over $50.00 could work as an alternative entry point. I would keep our position size small to limit our risk.

- Current Positions -
Mar 11, 2011 - entry price on TEVA @ 49.00, option @ 2.40
symbol: TEVA1221A55 2012 JAN $55 call - current bid/ask $ 2.34/ 2.46

- or -

Mar 11, 2011 - entry price on TEVA @ 49.00, option @ 3.35
symbol: TEVA1319A60 2013 JAN $60 call - current bid/ask $ 3.00/ 3.40

Chart of TEVA:

Current Target(s): $56.00 & 62.50
Current Stop loss: 46.90
Play Entered on: 03/11/11
Originally listed on the Watch List: 01/29/11


U S G Corp. - USG - close: 16.93

03/12 update: USG has now spent over two weeks consolidating sideways above support near $16.00. I don't see any changes from my prior comments. I remain cautious on USG at this time and reluctant to opening bullish positions. Currently we only have half a position open. Our final, long-term target is still $24.75.

- Current Positions -
Dec 20, 2010 - entry price on USG @ 15.25, option @ 1.50*
symbol: USG1221A20 2012 Jan $20 call - current bid/ask $ 1.90/ 2.05

- or -

Dec 20, 2010 - entry price on USG @ 15.25, option @ 3.00
symbol: USG1319A20 2013 Jan $20 call - current bid/ask $ 2.95/ 3.60

02/12/11 Take Profits (sell half) Options @ +93.3%, +50%
02/12/11 New stop loss @ 15.45
12/20/10 Play triggered at $15.25
*entry price is an estimate.

Current Target(s): $--.--, 2nd target: 24.75
Current Stop loss: 15.45
Play Entered on: 12/20/10
Originally listed on the Watch List: 12/11/10


WellPoint Inc. - WLP - close: 67.98

03/12 update: WLP almost hit our target last week. Shares rallied to $69.56 on Wednesday. Our target to exit is $69.75. More conservative traders may want to take profits now. The stock eventually closed almost unchanged on a weekly basis. I am raising our stop loss to $64.75. I am not suggesting new positions at this time.

- Current Positions -
Oct 14th, 2010 - entry price on WLP @ 57.75, option @ $5.25
symbol: WLP1221A65 2012 Jan $65 call - current bid/ask $ 8.50/ 8.65

03/12/11 New stop loss @ 64.75
02/19/11 New stop loss @ 62.45
02/12/11 New stop loss @ 57.25
01/08/11 New stop loss @ 54.90
12/18/10 New stop loss @ 53.75.
11/20/10 Another entry point on the bounce from the 200-dma
10/14/10 Play Triggered when WLP hit $57.75, option @ $5.25

Current Target(s): $69.75
Current Stop loss: 62.45
Play Entered on: 10/14/10
Originally listed on the Watch List 10/11/10


CLOSED Plays


Compass Minerals - CMP - close: 87.18

03/12 update: The market sell-off last week was too much for shares of CMP. Shares hit our stop loss at $87.00 on March 7th. Now the stock is trying to bounce from support near $85.00. Our plan was to limit our risk by using small positions.

- Current Positions -
Feb 23, 2011 - entry price on CMP @ 90.50, option @ $ 4.70
symbol: CMP1117I100 2011 SEP $100 call - Exit @ $2.90 (-38.2%)

03/07 Stopped out @ 87.00, Option @ -38.2%

Chart of CMP:

Current Target: $99.00 and $109.50
Current Stop loss: 87.00
Play Entered on: 02/23/11
Originally listed on the Watch List: 12/25/10


First Solar, Inc. - FSLR - close: 139.74

03/12 update: Our aggressive buy-the-dip (correction) in FSLR trade did not pan out. The stock has now seen a correction from $175 to $137 (-21.7%). Shares are nearing their 200-dma. Unfortunately our trade was stopped out at $139.00 on Thursday.

Prior Comments:
Readers should consider this an aggressive, higher-risk trade.

- Suggested Positions -
Feb 28, 2011 - entry price on FSLR @ 150.00, option @ 16.20
symbol: FSLR1221A170 2012 JAN $170 call - Exit @ $11.00 (-32%)

- or -

Feb 28, 2011 - entry price on FSLR @ 150.00, option @ 25.35
symbol: FSLR1319A180 2013 JAN $180 call - Exit @ 16.25 (-35.8%)

03/10 Stopped out @ 139.00, Options @ -32% & -35.8%

Chart of FSLR:

Current Target: $195.00
Current Stop loss: $139.00
Play Entered on: 02/28/11

Originally listed on the Watch List: 02/12/11


Microsoft Corp. - MSFT - close: 25.75

03/12 update: It has been an ugly six weeks for MSFT and shares hit our stop loss at $25.75 on Monday, March 7th. At this point MSFT is very oversold but I'm not sure where it would bounce. The $25.00 mark could be psychological support but MSFT has been sliding lower through support levels for weeks.

- Current Positions -
Oct 18, 2010 - entry price on MSFT @ 25.59, option @ 3.30
symbol: MSFT1221A25 2012 Jan $25 call - Exit @ $2.65 (-19.6%)

- or -

Oct 18, 2010 - entry price on MSFT @ 25.59, option @ 2.30
symbol: MSFT1319A30 2013 Jan $30 call - Exit @ $1.80 (-21.7%)

03/07/11 Stopped out @ $25.75, Options @ -19.6% & -21.7%
02/26/11 Adjusted stop loss to $25.75
01/08/11 New stop loss @ 25.90
12/11/10 New stop loss @ 24.40
11/20/10 Another Entry Point on the dip toward the 50-dma
10/28/10 MSFT delivers stronger than expected earnings.

Chart of MSFT:

Current Target(s): $31.00
Current Stop loss: 25.75
Play Entered on: 10/18/10
Originally listed in New Plays on 10/16/10