Closed Plays


ADBE, SIRI, and TCK were all closed early as planned.
AKAM was stopped out.
We're dropping APKT.


Play Updates


Analog Devices - ADI - close: 45.70

Comments:
02/09/13: ADI displayed relative strength on Friday with a breakout past resistance at the $45.00 level and a +2.9% gain on the session. This is a new multi-year high for the stock. I am raising our stop loss to $41.90. FYI: ADI is scheduled to report earnings on Feb. 19th.

NOTE: I am adjusting our exit target down to $49.00.

- Suggested Positions -
JAN 03, 2013 - entry price on ADI @ 43.60, option @ 3.10
symbol: ADI1418a45 2014 JAN $45 call - current bid/ask $ 3.50/3.70

02/09/13 new stop loss @ 41.90
adjust exit target to $49.00

Current Target:$ 49.00
Current Stop loss: 41.90
Play Entered on: 01/03/13
Originally listed on the Watch List: 12/22/12


American Intl. Group - AIG - close: 38.79

Comments:
02/09/13: AIG spent this past week churning sideways in the $38-39 range. Even if AIG does breakout from here I am concerned the $40.00 level will be round-number resistance. I would expect a correction lower toward the $37-35 zone. The correction may not show up until after AIG reports earnings on Feb. 21st.

Earlier Comments:
Our plan was to keep our initial position size small to limit our risk. We will plan on exiting our 2014 calls when shares hit $42.50.

- Suggested Positions - (small positions @ first)
(closed on Dec. 24th)
May 18, 2012 - entry price on AIG @ 28.25, option @ 3.40
symbol: AIG1319A30 2013 JAN $30 call - exit @ $5.00 (+47.0%)

- or -

May 18, 2012 - entry price on AIG @ 28.25, option @ 4.20
symbol: AIG1418A35 2014 JAN $35 call - current bid/ask $ 6.30/ 6.45

02/02/13 new stop loss @ 34.40
01/26/13 new stop loss at $32.75
12/24/12 closed our 2013 call position at the open.
Our exit was at $5.00 (+47.0%)
12/22/12 Exit the 2013 calls immediately on Monday morning
current bid is at $4.80
..for prior updates, check older newsletters

Current Target:$ 2013 call: $37.00, 2014 calls: $42.50
Current Stop loss: 34.40
Play Entered on: 05/18/12
Originally listed on the Watch List: 04/07/12


Citigroup - C - close: 42.68

Comments:
02/09/13: Citigroup tried to breakout past resistance in the $43.25 area but the rally reversed. Currently the overall trend still has a bullish pattern of higher lows but I am concerned C will see a correction lower. Look for a pullback toward $40.00. I am not suggesting new positions.

- Suggested Positions - (small positions)
DEC 18, 2012 - entry price on C @ 39.21, option @ 3.02
symbol: C1418a45 2014 JAN $45 call - current bid/ask $ 3.60/ 3.70

01/05/13 new stop loss @ 37.35

Current Target:$ 47.50-50.00range
Current Stop loss: 37.35
Play Entered on: 12/18/12
Originally listed on the Watch List: 12/08/12


Chevron Corp. - CVX - close: 115.64

Comments:
02/09/13: CVX has spent the last week and a half drifting lower with a trend of lower highs. Twice traders bought the dip near $114.00. I am concerned that CVX could see a correction lower toward the $112-110 zone. We can use such a pullback as a new bullish entry point but wait for a bounce.

- Suggested Positions -
JAN 14, 2013 - entry price on CVX @ 111.38, option @ 3.40
symbol: CVX1418a120 2014 JAN $120 call - current bid/ask $ 4.40/4.50

02/02/13 do not be surprised to see a pullback now that earnings have been announced.

Current Target:$124.50
Current Stop loss: 104.75
Play Entered on: 01/14/13
Originally listed on the Watch List: 12/22/12


Expedia Inc. - EXPE - close: 65.65

Comments:
02/09/13: EXPE reported earnings on Feb. 5th. The headline number missed estimates by two cents with a profit of 63 cents a share. Yet revenues came in well above estimates at $975 million compared to expectations of $928 million. The gains were driven by strong increases in hotel bookings and international business.

Looking at EXPE's chart I am concerned the stock could be forming a top. Shares have been struggling with resistance near the $68.00 level. I would not be surprised to see a correction lower back toward the $62-60 area. I am not suggesting new positions at this time. More conservative traders may want to tighten their stop loss.

Earlier Comments:
I would consider this a more aggressive, higher-risk trade because EXPE can be so volatile. We will want to keep our position size small to limit our risk.

- Suggested Positions -
NOV 29, 2012 - entry price on EXPE @ 61.84, option @ 6.00
symbol: EXPE1418a74.48 '14 JAN $74.48 call - current bid/ask $5.60/5.80

01/05/13 new stop loss @ 57.40
12/13/12 EXPE began trading ex-dividend (52cents). The option strike on our 2014 calls moved from $75.00 to $74.48.

Current Target: $79.00
Current Stop loss: 54.40
Play Entered on: 11/29/12
Originally listed on the Watch List: 11/24/12


General Electric - GE - close: 22.50

Comments:
02/09/13: GE spent the week consolidating sideways. Shares lost 12 cents for the week. There is likely short-term support near $22.00 but if the market corrects lower I would expect a dip toward the $21.50-21.00 zone. I am not suggesting new positions at this time.

- Suggested Positions -
NOV 14, 2012 - entry price on GE @ 20.25, option @ 0.42
symbol: GE1418a25 2014 JAN $25 call - current bid/ask $0.48/0.51

02/02/13 new stop loss @ 20.40
12/14/12 GE increased its dividend to 19 cents
11/24/12 new stop loss @ 19.75
11/14/12 triggered at $20.25
11/10/12 adjust the trigger down to $20.25, just above the 200-dma, stop to $19.25
10/27/12 move the buy-the-dip trigger down to $20.50
10/20/12 adjust the buy-the-dip trigger to $21.00 and our stop to $19.45

Current Target: $27.50
Current Stop loss: 20.40
Play Entered on: 11/14/12
Originally listed on the Watch List: 09/22/12


SPDR Gold ETF - GLD - close: 161.57

Comments:
02/09/13: The GLD moved less than 20 cents for the week. I was surprised the GLD did not see increased weakness given the rebound in the U.S. dollar. Shares of this gold ETF churned sideways in a range between very short-term support near $161.00 and overhead resistance at its descending 50-dma. Shares should see a breakout one way or the other pretty soon. Unfortunately, the bearish trend of lower highs dates back to the October peak. That would suggest odds favor a break out lower not higher.

More conservative traders may want to raise their stop loss. I would wait for a close above $164.50 before considering new bullish positions on the GLD.

Earlier Comments:
Currently our stop loss is at $154.40. More conservative traders may want to raise their stop. I am not suggesting new positions at this time.

- Suggested Positions -
DEC 20, 2012 - entry price on GLD @ 159.87, option @ 2.60
symbol: GLD1418a200 2014 JAN $200 call - current bid/ask $1.77/1.90

02/09/13 the sideways consolidation is narrowing. Expect a breakout one way or the other soon.
12/08/12 removed the 2013 call. Only use the 2014 call
11/03/12 Adjust the entry trigger down to $160.00 and the stop to $154.40
10/27/12 adjust the entry trigger to $162.00 and the stop to $154.90
10/20/12 adjust the buy-the-dip trigger to $163.00, stop to $157.75
adjust the 2013 call from Jan. $175 to June $175
09/15/12 adjust the trigger to $165.50, stop to $159.00.
09/08/12 adjust the buy-the-dip trigger to $164.00 (up from $162)

Current Target: $190.00-200.00 zone
Current Stop loss: 154.40
Play Entered on: 12/20/12
Originally listed on the Watch List: 09/01/12


Honeywell Intl. - HON - close: 70.53

Comments:
02/09/13: Shares of HON continue to soar. The stock broke through potential round-number resistance at $70.00 and hit new all-time highs. While the relative strength is encouraging HON is clearly overbought, overextended, and overdue for some profit taking. Investors will want to seriously consider taking profits right now. I am lowering our exit target down go $72.00. I am raising our stop loss up to $67.40.

- Suggested Positions -
DEC 31, 2012 - entry price on HON @ 62.50, option @ 4.40
symbol: HON1418a65 2014 JAN $65 call - current bid/ask $8.05/8.20

02/09/13 new stop loss @ 67.40, adjust exit target to $72.00,
investors may want to book profits now with the option bid @ $8.05
02/02/13 new stop loss @ 63.75
01/05/13 new stop loss @ 59.90

Current Target: $72.00
Current Stop loss: 67.40
Play Entered on: 12/31/12
Originally listed on the Watch List: 12/22/12


Juniper Networks - JNPR - close: 21.84

Comments:
02/09/13: I am urging caution here. JNPR has underperformed the market two weeks in a row. The action this past week could be seen as a potential bearish reversal pattern. I would expect a correction lower toward $20.00, especially if the market shows any weakness. I am not suggesting new positions at this time.

- Suggested Positions -
DEC 19, 2012 - entry price on JNPR @ 20.39, option @ 1.84
symbol: JNPR1418a25 2014 JAN $25 call - current bid/ask $1.77/1.82

02/09/13 JNPR is showing relative weakness
01/26/13 new stop loss @ 19.45

Current Target: $24.75
Current Stop loss: 19.45
Play Entered on: 12/19/12
Originally listed on the Watch List: 12/15/12


Lennar Corp. - LEN - close: 39.96

Comments:
02/09/13: LEN continues to correct lower. The stock has posted losses two weeks in a row. Now shares are testing round-number support at $40.00 and technical support at the 50-dma. I am not suggesting new positions. Readers may want to just book profits now with an early exit.

- Suggested Positions -
(target for 2013 calls was hit at $36.00 on 09/14/2012)
AUG 17, 2012 - entry price on LEN @ 32.72, option @ 2.07
symbol: LEN1319A35 2013 JAN $35 call - exit $3.70 (+78.7%)

- or -

AUG 17, 2012 - entry price on LEN @ 32.72, option @ 3.39
symbol: LEN1418A40 2014 JAN $40 call - current bid/ask $5.20/5.35

01/19/13 new stop loss @ 37.75, adjust exit target on 2014 calls to $46
01/05/13 new stop loss @ 35.75
10/20/12 new stop loss @ 33.90, adjust exit target on 2014 calls to $44.00
09/24/12 LEN reported earnings, investors sell the news
09/22/12 new stop loss @ 33.40
09/15/12 new stop loss @ 31.40
09/14/12 2013 call target hit at $36.00, option @ 3.70 (+78.7%)
...

Current Target: $ 36.00(2013 calls), $46.00 (2014 call)
Current Stop loss: 37.75
Play Entered on: 08/17/12
Originally listed on the Watch List: 08/11/12


L-3 Communications - LLL - close: 77.67

Comments:
02/09/13: The threat of spending cuts for the U.S. defense budget has not stopped a rebound in shares of LLL. The stock started to bounce on Tuesday following news LLL was raising their quarterly dividend by a nickel to 55 cents a share. Plus the company has authorized a $1.5 billion stock buyback program.

The rebound in LLL is encouraging but I am still concerned about how the sequestration issue (U.S. budget cuts) will impact the defense sector. Therefore I am raising our stop loss up to $75.75. More conservative investors may want to just abandon ship right now.

- Suggested Positions - (small positions)
NOV 05, 2012 - entry price on LLL @ 75.64, option @ 4.40
symbol: LLL1418a80 2014 JAN $80 call - current bid/ask $ 3.40/ 3.60

02/09/13 new stop loss @ 75.75
01/05/13 new stop loss @ 73.75. readers may want to just exit early now!

Current Target:$ 85.00
Current Stop loss: 75.75
Play Entered on: 11/05/12
Originally listed on the Watch List: 10/20/12


Motorola Solutions - MSI - close: 60.30

Comments:
02/09/13: MSI continues to rally. Traders were buying the dips at the rising 10-dma. By the closing bell on Friday MSI had broken out past round-number resistance at $60.00. I am raising our stop loss to $55.75. I am not suggesting new positions at this time.

- Suggested Positions -
NOV 26, 2012 - entry price on MSI @ 54.11, option @ 2.93
symbol: MSI1418a60 2014 JAN $60 call - current bid/ask $ 4.10/ 4.30

02/09/13 new stop loss @ 55.75
01/19/13 new stop loss @ 54.75
01/12/13 new stop loss @ 53.75

Current Target:$65.00
Current Stop loss: 55.75
Play Entered on: 11/26/12
Originally listed on the Watch List: 11/17/12


The Manitowoc Co - MTW - close: 18.65

Comments:
02/09/13: The rally in MTW slowed down this past week. Shares were struggling with resistance near the $18.80 level. The trend is still up but if the market corrects lower I would expect MTW to see a pullback toward $17 or its 50-dma.

Earlier Comments:
The Point & Figure chart is bullish with a $21 target.

- Suggested Positions -
JAN 24, 2013 - entry price on MTW @ 17.10, option @ 1.55
symbol: MTW1418a20 2014 JAN $20 call - current bid/ask $ 2.15/ 2.35

Current Target:$21.50
Current Stop loss: 15.75
Play Entered on: 01/24/13
Originally listed on the Watch List: 01/19/13


Nokia Corp. - NOK - close: 4.07

Comments:
02/09/13: NOK managed a bounce off the $3.80 level but the rebound has been struggling with technical resistance at its 40-dma. After a three-week pullback I am not surprised to see NOK bouncing. Yet that doesn't mean the correction is over. Readers may want to just close this trade now and lock in gains. I am raising our stop loss to $3.75.

Earlier Comments:
The plan was to buy NOK the stock or the 2014 calls.

- Suggested Positions - (small positions)
NOV 20, 2012 - entry price on NOK @ 2.97, option @ 0.78
symbol: NOK1418a3 2014 JAN $3 call - current bid/ask $ 1.40/ 1.44

- or -

Buy NOK stock: entry @ 2.97

02/09/13 new stop loss @ 3.75
01/19/13 readers may want to take profits now, prior to the earnings announcement.
01/12/13 new stop loss @ 3.65
12/22/12 new stop loss @ 3.40
12/15/12 new stop loss @ 3.25
12/08/12 new stop loss @ $2.95

Current Target:$ 4.95
Current Stop loss: 3.75
Play Entered on: 11/20/12
Originally listed on the Watch List: 11/17/12


Starbucks Corp. - SBUX - close: 56.37

Comments:
02/09/13: Two weeks ago SBUX looked ready to rally but there was no follow through. Shares turned lower instead. The stock dipped to technical support at its rising 30-dma before bouncing. Bigger picture the trend is still up but I would hesitate to launch new positions here. We might get a better entry point on a dip near $54 or its 50-dma.

- Suggested Positions -
DEC 07, 2012 - entry price on SBUX @ 53.43, option @ 3.80
symbol:SBUX1418a60 2014 JAN $60 call - current bid/ask $ 3.60/ 3.70

01/05/13 new stop loss @ 49.85

Current Target:$ 62.00
Current Stop loss: 49.85
Play Entered on: 12/07/12
Originally listed on the Watch List: 12/02/12


Southern Copper Corp - SCCO - close: 40.86

Comments:
02/09/13: SCCO continued to bounce and has now effectively filled the gap from the late January gap down. That also means the stock is sitting right at short-term resistance at the $41.00 level. More conservative investors may want to abandon ship right now and lock in gains.

SCCO has a 24-cent dividend coming up soon. Shares will begin trading ex-dividend on Monday morning so expect a gap down of about 24 cents. I am not suggesting new positions at this time.

Earlier Comments:
The plan was to keep our position size small to start.

- Suggested *SMALL* Positions -
NOV 06, 2012 - entry price on SCCO @ 35.78, option @ 2.30
symbol:SCCO1418a40 2014 JAN $40 call - current bid/ask $ 3.40/ 3.60

02/09/13 SCCO will begin trading ex-dividend on Monday (24 cents)
01/19/13 new stop loss @ 36.75
01/05/13 new stop loss @ 34.75
12/22/12 SCCO looks poised to correct lower toward $36.00
11/24/12 new stop loss @ 33.25
11/06/12 trade opened on gap down at $35.78, below our trigger.
(gap down was due to SCCO trading ex-dividend)

Current Target: $44.75
Current Stop loss: 36.75
Play Entered on: 11/06/12
Originally listed on the Watch List: 10/20/12


The Charles Schwab Corp. - SCHW - close: 16.89

Comments:
02/09/13: SCHW spiked to a new 52-week high of $17.41 on Thursday. The rally continues but SCHW is growing more and more overbought. I would expect a correction lower soon. I would not be surprised to see a dip back toward the $15.50 area. Thus, more nimble investors may want to just take profits right now and consider jumping back in on a pullback. I am not suggesting new positions at current levels.

Earlier Comments:
Our long-term target is $18.75. More aggressive traders can aim higher. The Point & Figure chart is bullish with a $24 target.

- Suggested *SMALL* Positions -
JAN 23, 2012 - entry price on SCHW @ 15.74, option @ 0.80
symbol:SCHW1418a17 2014 JAN $17 call - current bid/ask $ 1.30/ 1.50

02/09/13 investors may want to consider exiting now to book a profit and then jump back in on a correction.

Current Target: $18.75
Current Stop loss: 14.70
Play Entered on: 01/23/13
Originally listed on the Watch List: 01/19/13


Sohu.com - SOHU - close: 45.93

Comments:
02/09/13: SOHU was a watch list candidate. We were expecting a pullback in the stock price. We cautioned readers to expect some volatility on Monday, Feb. 4th following the earnings report. Sure enough SOHU spiked down toward $46.00 on Monday. The weakness continued on Tuesday and shares hit our buy-the-dip trigger at $45.50 on Feb. 5th.

It is possible the correction is not over yet. Readers may want to wait. SOHU could see a new drop toward its 50-dma or the $44.00 level.

- Suggested Positions -
FEB 05, 2013 - entry price on SOHU @ 45.50, option @ 4.40
symbol:SOHU1418a50 2014 JAN $50 call - current bid/ask $ 4.10/ 4.50

Chart of SOHU:

Current Target: $58.50
Current Stop loss: 42.40
Play Entered on: 02/05/13
Originally listed on the Watch List: 12/31/12


Urban Outfitters - URBN - close: 42.58

Comments:
02/09/13: Warning! The rally in URBN appears to be losing steam. I am concerned the stock may be topping out. The company issued good news on Thursday, Feb. 7th. URBN issued a press release saying they had record net sales for the quarter and the year ending January 31, 2013. Their Q4 sales came in at $857 million. That was +17% from the same quarter a year ago and well above analysts estimates. The stock spiked up toward $44.00 and then reversed.

We can now expect shares of URBN to correct lower toward $40.00. I am not suggesting new positions at current levels.

- Suggested Positions -
JAN 03, 2013 - entry price on URBN @ 41.22, option @ 4.20
symbol:URBN1418a45 2014 JAN $45 call - current bid/ask $ 4.10/4.40

02/07/13 URBN pre-warning better than expected sales numbers

Current Target: $48.00
Current Stop loss: 37.85
Play Entered on: 01/03/13
Originally listed on the Watch List: 12/15/12


Vulcan Materials Co. - VMC - close: 56.08

Comments:
02/09/13: VMC drifted lower until traders bought the dip on Thursday near its rising 30-dma. For the week shares lost 80 cents. The action in the second half of January is starting to look like a bearish double top pattern. I am expecting a dip towards $54.00 and possibly lower. This week could be volatile as VMC reports earnings on February 14th, before the opening bell. Wall Street expects a loss of 9 cents per share.

In other news VMC announced a one cent dividend payable on March 11, 2013 to shareholders of record on Feb. 25th.

Earlier Comments:
We want to keep our position size small!

- Suggested Positions -
Jan 22, 2013 - entry price on VMC @ 56.81, option @ 5.60
symbol: VMC1418a60 2014 JAN $60 call - current bid/ask $ 4.00/4.90

02/02/13 expecting a pullback in VMC.
01/22/13 trade opens
01/19/13 moved to the new plays section
01/18/13 VMC rallies past resistance, meets our entry requirements
01/05/12 new strategy. Wait for a close above $55.25 with a stop at $49.75. Our long-term target is $68.50. Small positions.

Current Target:$ 68.50
Current Stop loss: 49.75
Play Entered on: 01/22/13
Originally listed on the Watch List: 12/02/12


CLOSED Plays


Adobe Systems - ADBE - close: 39.12

Comments:
02/09/13: Shares of ADBE had been underperforming the market for several weeks in a row. Last weekend we decided to close this play early on Monday, February 4th at the opening bell. Naturally, ADBE finally decided to move higher albeit on Friday, Feb. 8th.

Our trade closed on the 4th with ADBE at $38.19.

- Suggested Positions -
DEC 05, 2012 - entry price on ADBE @ 35.30, option @ 2.32
symbol:ADBE1418a40 2014 JAN $40 call - exit $2.84 (+22.4%)

02/04/13 earl exit at the open.
02/02/13 ADBE is not participating in the market's rally. Prepare to exit positions on Monday morning (02/04/13)
12/15/12 new stop loss @ 33.75
12/13/12 ADBE reports earnings.

Chart of ADBE:

Current Target:$ 44.00
Current Stop loss: 33.75
Play Entered on: 12/05/12
Originally listed on the Watch List: 11/03/12


Akamai Technology - AKAM - close: 35.42

Comments:
02/09/13: Our AKAM trade has been stopped out. The stock was a big loser for the week. The company reported earnings on Feb. 6th and beat the profit estimate by 5 cents with 54 cents a share. Yet the revenue number was a big miss. The stock gapped open lower on Feb. 7th at $33.80. Since our stop loss was at $37.75, our trade was immediately closed.

- Suggested Positions -
JAN 03, 2013 - entry price on AKAM @ 41.89, option @ 3.60
symbol:AKAM1418a50 2014 JAN $50 call - exit $0.70 (-80.5%)

02/07/13 Stopped out! AKAM gaps open lower at $33.80
02/06/13 AKAM reports earnings after the closing bell and disappoints

Chart of AKAM:

Current Target:$ 52.50
Current Stop loss: 37.75
Play Entered on: 01/03/13
Originally listed on the Watch List: 12/31/12


Acme Packet - APKT - close: 29.58

Comments:
02/09/13: APKT was a huge winner for the week with a surge from $24 to $29.50. The stock gapped open higher on Monday, Feb. 4th on news that Oracle would buy APKT for $2.1 billion ($29.25 a share). Unfortunately, the big gap higher has actually killed our option trade. We were betting that APKT would rally past the $30.00 level by the time our 2014 January $30 calls would expire. Now APKT will never trade above $30.00 given the $29.25 buyout price. Our option values collapsed. Unless someone else suddenly decides they want to out bid ORCL for this company this option trade is dead. We are suggesting an early exit now. The bid on our call has been stuck at 25 cents all week long.

- Suggested Positions -
JAN 14, 2013 - entry price on APKT @ 22.83, option @ 2.60
symbol:APKT1418a30 2014 JAN $30 call - exit $0.25 (-90.3%)

02/09/13 removed from the newsletter
02/04/13 announcement ORCL will buy APKT for $29.25/share
02/02/13 new stop loss @ $21.75
02/02/13 APKT is not participating in the market's rally. Readers may want to exit early immediately before the company reports earnings on Feb. 4th after the closing bell.
01/12/13 plan on opening positions on Monday morning (Jan 14th)

Chart of APKT:

Current Target:$ 34.00
Current Stop loss: 21.75
Play Entered on: 01/14/13
Originally listed on the Watch List: 01/05/13


SIRIUS XM Radio - SIRI - close: 3.12

Comments:
02/09/13: Last weekend we decided to close our SIRI trade prior to the company's earnings report. The plan was to exit on Monday, Feb. 4th at the closing bell. SIRI ended that session at $3.17 and the option closed with a bid of $0.48.

- Suggested Positions -
OCT 04, 2012 - entry price on SIRI @ 2.75, option @ 0.38
symbol:SIRI1418A3 2014 JAN $3.00 call - exit $0.48 (+26.3%)

- or -

Buy the Stock: Entry @ $2.75 on 10/04/2012, exit @ $3.17 (+15.2%)

02/04/13 closed positions at the closing bell
02/02/13 prepare to exit positions on Monday, Feb.4th at the close
new stop loss @ 3.10
01/05/13 new stop loss on SIRI at $2.75, adjust target to $3.45
01/04/13 LMCA gets permission to take a majority stake in SIRI
12/15/12 new stop loss @ 2.57
12/06/12 SIRI announces a stock buyback program and 5-cent dividend
11/03/12 new stop loss @ 2.45
10/20/12 warning! SIRI is up five weeks in a row and growing overbought. The stock could see a sell-off on its earnings report

Chart of SIRI:

Current Target: $ 3.45
Current Stop loss: 3.10
Play Entered on: 10/04/12
Originally listed on the Watch List: 09/29/12


Teck Resources - TCK - close: 33.21

Comments:
02/09/13: Last weekend we decided that the best move was to exit our TCK positions. The plan was to exit on Monday, Feb. 4th at the closing bell. Thank goodness we did. The stock plunged on Thursday and Friday. TCK closed Feb. 4th at $36.57. Our option closed with a bid of $3.05.

- Suggested Positions -
DEC 10, 2012 - entry price on TCK @ 35.19, option @ 3.40
symbol: TCK1418a40 2014 JAN $40 call - closed @ $3.05 (-10.2%)

02/04/13 closed on Monday
02/02/13 prepare to exit on Monday, Feb. 4th at the closing bell
01/05/13 new stop loss @ 33.85

Chart of TCK:

Current Target: $43.75
Current Stop loss: 33.85
Play Entered on: 12/10/12
Originally listed in the New Plays 12/08/12