Prosper Newsletter: June 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.

Platinum Stock Trader On A Roll; Sees Overall + $67k

I've done 58 trades this year....51 are plus money $78,000 and my 7 minus' were around $11,000. I've been on a roll for the past 2 1/2 months... I've had 31 trades in a row that were on the plus side...I have 7 trades I have brought this week but haven't sold them yet..So I'm getting better each day.

-Charlie H.
Jupiter, FL


Tip of the Month

A correction in the market is still in progress, which is not unusual for this time of year. The second quarter earnings reports will start later in June and the expectations are still for a good reporting period. Best Buy has reported record earnings on the basis of strong flat screen TV sales. Goldman Sachs also reported record earnings, however, a feeling persists that earnings will be down and an interest rate increase may come at the end of June.

Nonetheless, while this is going on we can make money by using the vertical spreads, especially the Bear Call Spread.

For more info