Rain: Is there a trade to be made?
With the substantial rainfall in the Southeast over the last month, I was wondering if there is a trade to be made?
Sold Polymet Mining
I sold PLM lastweek. I will look for a reentry point this week.
Take the LEAP with E-Trade Financial
I bought some $2.50 LEAPs on E-Trade Financial. They expire in Jan 2011. I believe the stock will be substantially higher at that point or they will be bought out before then. Additionally, as their home loan losses continue to decline the stock should increase.
BTW, LEAPs are long term options contracts that allows one to buy/sell calls/puts for a fraction of the amount it would take to buy 100 shares of stock.
PLM is on the move
PLM broke out today above $2.00. It looks like the approval for the EIS is coming soon. Check it out.
I picked up some Apple
Apple shares retreated today and my buy limit order triggered @ $133.25.
