Prosper Newsletter: August 2006 > Stock
You understand that the following information is educational in nature and is not intended to be legal, accounting, or tax advice. You are responsible for your own financial decisions and should consult your own legal, accounting, and tax advisors before making your financial decisions.
Quick Stock Updates Show Nice One-Day Profit!
Just thought I would inform you of the quick small profit I made today. Bought .OEBRL (OEX JUN06_500 PUT) @ about 8:10am; got filled at 1.70 Watched the market for about 20 min, then went to watch a little bit of TV, then took a shower. Came back and seen that the OEX was approaching the Support Level @ 9:30am. Got out at 2.80
Cost: $170.00 + $10.95 (In) + $10.95 (Out) = $191.90
Return: $280.00
Earned: $110.00
ROI: 146 %( comm. incl.) [About 46% Profit after commissions]
-Andre B.
Edmonton, AB Canada
The earnings for the second quarter is wrapping up and overall it has been very good. The PPI and CPI inflation reports were tame and the Fed's did not raise interest rates for the first time in 18 meetings. So what does that mean? If inflation stays under control the Fed's may not raise interest rates again this year and that bodes well for a fall rally. Also, oil prices have dropped significantly and the markets are responding positively and showing signs of a rally. The third quarter earnings should be excellent which will stimulate buying to set up 2007. The place to be now is tech stocks as the feeling is they will rally as much as 30% by the end of the year. Contingent CALL trades on the SPX and OEX are paying off nicely. When the rally starts be ready with your picks to hop on for the ride.
