This week we are going to share with you the commentary that our Blue Chip option subscribers see each Monday morning. It's a teaching week, as Floyd is out in Palm Springs on business, and we believe with how the market and option market itself has behaved that the timing of some "renewal" of the basics is in perfect form.
We will also be testing a formula this week for a new service we are considering that provides the bell curve bias, and whether to long or short, and will define which "type" of option to buy.
It's all an experiment to show how we choose "falling in love with an option"
Lastly, the Floydian Philosophy of Trading needs some repetition for our many new subscribers after the third year win we've had on winning Top 10 Advisory Service Reader's Choice Award in Stocks and Commodities Magazine. So first, here's a taste of what www.bluechipoptions.com is, we will post an excerpt of the commentary each day this week:
· China grows, and Chinese stocks go up, and many analysts believe they will continue to. In fact, we see China Mobile (CHL) and Petro China (PTR) are undervalued.
· Turkey is three years behind the market, and will move up dramatically in years. We’re high on GARAN.Turkey, Turyklye Garanti Bankasi on the Turkish Exchange.
This will be hard to find to trade, but check with your brokerage:
http://en.wikipedia.org/wiki/Garanti_Bank
· We are also high on CZZ, Cosan, on the advent of what we think are higher sugar prices.
· Each of these above stocks we will list in our stock charts, and begin posting as buys. We want to buy on any dip to 10,780 or less. And hold.
· We will then hold each of the above positions with a 25% trailing stop loss, in our Speculative portfolio, also utilizing PnF charts.
· If your holdings approach 50, trim positions.
No comments:
Post a Comment