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Options2Wealth
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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • Happy New Year! 10 comments
    Jan 12, 2014 10:54 PM | about stocks: AAPL, ALIM, ARIA, ATHX, CYTR, FSLR, GALE, GTAT, HALO, PSDV, RMTI, S, SCTY, SNTA, SPWR, SUNE, TSL, TSLA, VTUS, ZIOP

    Just finished watching the riveting, Frontline documentary, "To Catch a Trader," the story of the SEC's insider trading case against Steven A. Cohen and SAC Capital...I highly recommend it...

    I'm proud of the fact that I have been able to achieve pretty decent returns without ever seeking any insider information on any company that I follow here...never had any reason to...reading of the companies' stock charts gives me plenty of information and it's all obtained legally!

    Here is a link to that documentary: www.pbs.org/wgbh/pages/frontline/to-catc.../

    Lots to cram in this post...Since I am rushing to leave the balmy San Diego weather for a business trip to the freezing confines of the wrong coast, I will try to be as brief as possible...

    Next couple of months should be a lot of fun...

    As of this weekend's Investor's Business Daily's "sector leaders" list, the top 2 sectors are:

    #1) Biotech

    #2) Solar

    Hope all your bets are in these 2 sectors...

    The overall markets look pretty strong...Except for the NASDAQ, the other major indices continue to make new highs every month...As many of you know, since 3600 on the NASDAQ, I have been calling for the index to finally erase the vestiges of the 2000 tech bubble and join the 3 Amigos, SPX, DOW and the RUSSELL, and make its own, new all time high...Before I can light a cigar on that July 26, 2013 prediction, the NASDAQ needs to gain another 800+ points...I am confident that I will get my wish in 2014...

    In my last post, I had promised a stock tip, but with everything else on my plate, I never got around to sharing my tip in a blog post...That pick would have been ATHX...it's been on a nice run lately...on its PnF chart, when it printed $2.50 on December 27th, it was a quadruple top break and also the break of its Bearish Resistant Line (screenshot below) ...and then, on que, the stock retreated for 2 days before taking off in earnest...It is currently trading @ $4.00...last Friday, the company announced its 2nd secondary of the past two months, and it's a testament to this biotech's fundamental strength, that the stock ended the day, down only 5¢...I have a very personal reason to root for this company's success...Those interested in digging further should still find it to be an irresistible buy, despite the recent run up in its stock price...all caveat emptor and imho...

    (click to enlarge)

    Being that this New Year also marked the first anniversary of my blog, I think my regular readers definitely deserve a good stock tip for no other reason than for having put up with me for one whole year...

    Therefore...drum roll, please...I present a screenshot of a brand new stock pick...Since a picture is worth the proverbial "thousand words," regular readers of my blog should immediately grasp the significance of this stock's weekly candlestick chart...

    :-)

    (click to enlarge)

    In the next few weeks, both ATHX and PSDV should make pretty impressive moves...

    GTAT definitely looks ready to liftoff...

    Other picks also getting ready to move are ARIA, SPWR, SUNE and VTUS...VTUS just broke a triple top on its PnF and SUNE's weekly candlestick recently scored a Diamond Cross™...and my other big favorite: HALO, a buyout candidate for sure...

    Other stocks to keep an eye on: TSL, SNTA and ZIOP

    Feel like a kid in a candy store...

    :-)

    Enjoy~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you. On the other hand, if the move(s) result in a profit for you, I am open to discussing a split. ;-)

    Disclosure: I am long AAPL, ALIM, ARIA, ATHX, CYTR, GALE, GTAT, HALO, PSDV, RMTI, SNTA, SPWR, SUNE, TSL, VTUS, ZIOP.

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Comments (10)
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  • 11828801
    , contributor
    Comments (25) | Send Message
     
    Hi Kp,

     

    Thank you for new 2 picks.

     

    Do you have any plans to start new O2W public portfolio once again in this new year starting with $10,000?

     

    Thanks,
    Karthik
    13 Jan, 02:38 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » Hi Karthik,

     

    I will be sharing my blog's future plans here shortly...In the meantime, please read my post, "Give and Take..."

     

    :-)

     

    Thanks~
    kp
    15 Jan, 11:56 AM Reply Like
  • mkarakum
    , contributor
    Comments (49) | Send Message
     
    Karim--

     

    Thank you for your post. We do need another options2 wealth portfolio for 2014. Please!!!!!
    Regards,
    18 Jan, 10:24 PM Reply Like
  • 11828801
    , contributor
    Comments (25) | Send Message
     
    Thanks Karim for the reply :)
    20 Jan, 08:31 PM Reply Like
  • 11828801
    , contributor
    Comments (25) | Send Message
     
    Hi KP,

     

    What's your opinion on $TNXP?

     

    Thanks,
    Karthik
    13 Jan, 05:33 PM Reply Like
  • greggbuttery
    , contributor
    Comments (13) | Send Message
     
    KP, Great call on GALE. I backed the truck up on the Oct $2.00 calls at $.75, and sold them today for a 633% gain.
    Thanks,
    Gregg
    13 Jan, 09:03 PM Reply Like
  • darween
    , contributor
    Comments (20) | Send Message
     
    Well if you have the same results, I'll donate 20% of my portfolio to a school of your choice :)
    14 Jan, 05:38 PM Reply Like
  • kccase3
    , contributor
    Comments (35) | Send Message
     
    Biotech has been on fire as of late and your calls have really taken off! Thanks for these KP! It also looks like the Solar sector is poised to start running again as well. If TAN (Guggenheim Solar ETF) hits 42, it will break a triple top and lets hope it will be ready to run up.

     

    P.S. Great Documentary on SAC Capital. Thanks for pointing it out, really enjoyed it.
    15 Jan, 03:25 PM Reply Like
  • justindamarket
    , contributor
    Comments (31) | Send Message
     
    Hi KP, first of all, thanks for your wonderful work on this blog! Add me to your growing list of admirers :-)
    Ever since your recommendation, I have spent a fair amount of time researching on Athersys and truly like what I'm reading. I hope to initiate a long position in the next couple of days.
    I'm curious to know how athx came across your radar...knowing how you follow the trail of money (Baker bros, Randal Kirk etc)...
    Thanks!
    4 Feb, 03:37 PM Reply Like
  • darween
    , contributor
    Comments (20) | Send Message
     
    Kp just wondering if everything that is going on is noise. If so what stocks are you looking deeper at?
    4 Feb, 04:58 PM Reply Like
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