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MyHappyTradingTM is a social network site with a focus on the global financial markets. It is an online community where you can share your thoughts and your investment/trade ideas with the community and the network that you build. Our Basic Membership is FREE. MyHappyTradingTM provides you the... More
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  • Weekly Wrap-Up June 23: AAPL, ACOM, POT, FB 0 comments
    Jun 23, 2012 1:20 PM | about stocks: AAPL, ACOM, POT, FB

    Well, we had another solid week of winning trades in a volatile market environment! The market took a quick drop on Thursday, partially fearing the bank downgrades by Moody. The market came down so fast that we pretty much just sat out and observed. We did, however, pick up some FB calls, which gave us an overnight double.

    We finished the week with most of our trades on the winning side. Here are the closed trades for the week:

    • 10:39 | Ecstatic Plays FB ($33.40) Sold to Close 0629C32 Jun 32 calls, at $1.80 +112%
    • 10:30 | Ecstatic Plays FB ($33.15) Sold to Close 0629C32 Jun 32 calls, at $1.60 +88%
    • 10:00 | HappyTrading NEM ($47.70) Sold to Close 07P50 Jul 50 put, at $3.10 +11%
    • 12:18 | Ecstatic Plays GOOG ($575.30) Sold to Close 0622C580 Jun 580 calls, at $2.10 -71%
    • 09:58 | HappyTrading CSTR ($66.30) Sold to Close 07C65 Jul 65 calls, at $3.20 +36%
    • 11:01 | HappyTrading CSTR ($65.75) Sold to Close 07C65 Jul 65 calls, at $3.10 +32%
    • 07:50 | Ecstatic Plays POT ($40.22) Sold to Close 0622C38 Jun 38 calls, at $2.25 +86%
    • 07:18 | Ecstatic Plays POT ($40.43) Sold to Close 0622C38 Jun 38 calls, at $2.45 +102%
    • 07:11 | Ecstatic Plays POT ($40.22) Sold to Close 0622C38 Jun 38 calls, at $2.25 +86%
    • 08:40 | HappyTrading AAPL ($582.50) Sold to Close 0622C585 Jun 585 calls, at $5.40 +30%
    • 08:05 | HappyTrading ACOM ($27.98) Sold to Close 07C27.5 Jul 28 calls, at $2.00 +135%
    • 07:50 | HappyTrading AAPL ($583.25) Sold to Close 0622C585 Jun 585 calls, at $6.00 +45%

    (to subscribe to our Premium Services, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video)

    Sometimes, when the market makes a quick, violent move, it is better to just be still and observe for a bit. If you're always chasing trades, you could find yourself always behind the market movements. By the time you get into your trade, the market could turn. We don't have to catch market's every move, especially in a volatile market. If you missed a move, just wait patiently for the market to make it's next move.

    Lots of economic data are coming in next week, and, in a couple of weeks, earnings are starting again. I'll be back on Sunday evening to discuss potential trading opportunities in my weekly Market Forecast and Sector Watch.

    Enjoy your weekend!

    Good night and HappyTrading! ™

    Sign up for FREE membership!

    Stocks: AAPL, ACOM, POT, FB
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