Updates from May, 2010 Toggle Comment Threads | Keyboard Shortcuts

  • Lyn Summers

    Lyn Summers 1:33 pm on May 19, 2010 Permalink | Log in to leave a Comment
    Tags: , , , , , , , , , , , , , , , , shanghai, , , , , , ,   

    Go the Bears 

    Dear fellow traders

    What is happening around the world:

    Let’s look at China, where Shanghai stocks fell 5.1% yesterday and is 26% off the index’s 52-week high. If Chinese stocks are leading the economy, one crash has started and another could be just beginning.

    It means that while the pain of a China crash would be sharp and probably not short, it won’t be the end of the world but it will have a profound effect on our exports here in Australia.
    Today the All ordinaries have broken below key support of 4500 technically we have entered into the first stage of a bear market.

    Markets in Europe and the US were all down as worries over the Collapse of the Euro continue which fell to a 52 week low below $122.

    Which make our Short positions in the Euro a home run trade…Oh only a few of these each year and we never have to work again.

    My excitement is back I love trading a down market as it falls faster than it rises time to get on board.

    If you haven’t got a subscription to my weekly Thursday night 2 hour Coaching and Training webinar where I analyze and break down trading opportunities

    Click on this link for a one month trial for $79 http://www.stockcourse.net/special

    My Motto: Go the Bears.

    See you online tomorrow night for some more exciting trades.

    Trader Lyn https://www.stockcourse.net/webinar?af=SC10039212

     
  • Lyn Summers

    Lyn Summers 10:48 pm on May 18, 2010 Permalink | Log in to leave a Comment  

    Medical break through 

    Hello fellow trader
    Delcath (DCTH) is so exciting I can’t help but feel there approval will be good news which is due to happen next month.
    Here is a news file from CNBC
    NEW YORK – Shares of Delcath Systems Inc. surged after the company said a clinical trial showed its drug administration system slowed the spread of cancerous tumors of the liver.
    The late stage trial tested the company’s Delcath PHP System in patients with melanoma that started in the skin or the eye and spread to the liver.
    Delcath said patients who were treated with its system lived for an average of 214 days, or about seven months, before dying or suffering new tumor growth.
    Patients who received standard drugs survived for an average of 70 days before the cancer progression resumed.
    Delcath’s system is designed to deliver high doses of the chemotherapy agent melphalan directly to the liver, through the hepatic artery.
    Large doses of the drug could be toxic to patients, but the system is intended to minimize side effects by filtering the drug out of the blood stream with a catheter and a filtration system after it exits the liver.
    The company plans to start the process of filing for Food and Drug Administration approval within the next 30 days.
    Full results from the study will be presented on June 5 at a meeting of the American Society of Clinical Oncology.
    Shares of Delcath jumped $2.53, or 23.2 percent, to $13.37 in morning trading. Earlier the stock jumped to an annual high of $14.47.
    Wedbush analyst Gregory Wade said he thinks the full trial results will show other benefits for the Delcath PHP System, including greater overall survival.
    He said there do not appear to be any safety problems with the system, and said Delcath may be able to get marketing approval in mid-2011.
    Wade kept an “Outperform” rating on the stock, and raised his price target to $21 per share from $7.50.

    Well the stock is much higher today and June 5th will be our dayof waiting….Get ready to party on this one.

    Trader Lyn

     
  • Lyn Summers

    Lyn Summers 7:00 pm on May 18, 2010 Permalink | Log in to leave a Comment
    Tags: , , , , , , , , , , ,   

    Trade the downside of the market with Bear Put Spread 

    Hello Fellow Traders

    A Bear put spread is a strategy that reduces your risk or exposure, reduces the debit amount spent but it also caps your profit.
    Ask yourself when you buy a put and the stock goes up and you’re in the red how do you feel?
    Do you emotionally feel upset that you got your strategy right but the timing wrong, just after you entered the trade the stock went up in price so your put came down in price.
    You hold a current loss.
    You got the trend right but the exact timing wrong it may be due to the volatility in the market as the options are wildly swinging up and down.
    Want to feel better about the current loss then this strategy may just suit you.
    Rules to a bear put spread
    !) Buy the higher strike
    You have the right but not the obligation to sell the stock at the strike price
    2) Sell the lower strike
    You are obligated if exercised to buy the stock at the strike price; they will only exercise if the stock is below $125 in September.
    With a bear put spread the market can go up and both lose money so you can feel ok about the loss on the bought one because you have the sold one to offset the current loss.
    You then have an opportunity to buy the sold one back cheaper and keep the long one owned for a reduced price.
    Let me give you a current example on FXE taken straight from my trading account so you can see how it looks as the trade plays out.
    Original purchase on September puts
    Bought 135 strike $5,50 x 10 contracts = $5,500
    Sold 125 Strike $2.00 x 10 contracts = $2,000
    Nett Debit Cost $3.50 x 10 contracts = $3500
    So the 135 put can reduce in price to $3.50 and your not losing money.

    Short the Euro

    The blue line is the bought one which is in credit.
    The red line is the sold put which is a debit as it will cost you more now to buy it back if you want to sell out of both trades.
    So exiting now means:
    Sell the 135 at $7051.86 profit
    Buy the 125 back at $3168.14 loss
    Realise a profit now of $3883.72.
    If you stay in the trade and it stays below $125 in September you make the difference between $125 and $135 = $10,000 – Nett debit cost $3500 = $6,500 Profit
    Your ideal outcome is – you want the stock put to you at the 125 strike as you can put it back at 135 profiting the difference.
    Feel free to start a discussion or questions on this so we all learn.

    Trader Lyn

     
  • Lyn Summers

    Lyn Summers 7:03 pm on May 17, 2010 Permalink | Log in to leave a Comment
    Tags: , , , , , ,   

    Spanish banks fall on Euro crisis 

    A profitable way to make money is short the shares or buy put options on the Spanish banks as the Euro crisis plays out they will hurt to.

     
  • Lyn Summers

    Lyn Summers 6:36 pm on May 17, 2010 Permalink | Log in to leave a Comment
    Tags: 30 year treasury bonds, , , , ,   

    30 Year US Treasury Bonds are Falling 

    Bond spreads are widening which means investors are fleeing from risk and not just from equities.
    High yield corporate bonds (junk) have had an unprecedented, near-bubble-like run.
    It’s ended, and now I think the market is rolling over.

    The last time the Fed announced it was buying up treasury bonds they rallied, then the rally  failed a week later and broke support and fell hard….Go Short

    30 Year US Treasury Bonds

    30 year treasury Bond chart

     
  • Lyn Summers

    Lyn Summers 6:22 pm on May 17, 2010 Permalink | Log in to leave a Comment
    Tags: , , , , , , , ,   

    Crashing Euro makes us rich 

    Today the Euro ETF FXE fell to $123.00 I think there is more downside to come I am staying with my puts

     
  • Lyn Summers

    Lyn Summers 4:25 pm on May 17, 2010 Permalink | Log in to leave a Comment  

    Exciting News on TWS support 

    Halifax Brokers have announced a new level of support for Stockcourse Students and here are the details:

    Please make sure you let them know you are a Stockcourse Student when you call

    1. 24 hour (Trading Days Only) Phone support for any operational questions on TWS Contact Number is 1300 363 505 or +61 2 9373 4300 (Outside Australia).

    2. On Setup of new accounts Halifax will contact you (the client) and run through the initial setup and operation of the program.

    3. They are working on a condensed help guide to get you through the basic questions when you start trading and will send to all Stockcourse Students when it is complete.

    The concerns raised here has prompted me to have a look at some other options on trading programs and it appears to me that the TWS format is the most comprehensive program that covers all areas of trading we teach in one program, it also does not require you to send your money overseas which we at Stockcourse believe is the best situation in the current economic climate.

    We at Stockcourse have also been applying a huge effort to give you more information and training to operate TWS more efficiently and have 7 training videos in our Videos page under Free Stuff, we have also been working with Simon Euers to bring you some Webinar and Live Workshops which we will be announcing Dates after the next Student Support meeting here in Brisbane.

    Thankyou again for your continued support and feedback and those numbers for TWS help are 1300 363 505 and +61 2 9373 4300. If you do not get the results from Halifax you would like then forward your concerns directly to me via email so that I can follow up personally on robbi.james@stockcourse.net

     
  • Trader Lyn

    Trader Lyn 11:14 am on May 16, 2010 Permalink | Log in to leave a Comment  

    If you are worried about your future get conected with me expand your knowledge…2008 was my best year in profits in 10 years want some…join me ..

     
  • Lyn Summers

    Lyn Summers 11:06 am on May 16, 2010 Permalink | Log in to leave a Comment  

    Hey guys join me on my Monday night Market Update Webinar, I can help you make money,or I can protect you from losing it.

    Click on the Link to Register https://www1.gotomeeting.com/register/809936472

     

Newer posts →

c
compose new post
j
next post/next comment
k
previous post/previous comment
r
reply
e
edit
o
show/hide comments
t
go to top
l
go to login
h
show/hide help
esc
cancel