by Ian Cooper | Jul 22, 2015 | Forgotten Profits, Trade Alerts
There’s just no rhyme or reason to the market these days… China, Puerto Rico, Greece, Russia, Iran, oil, gold… you name it. And it’s making a mess of the market. The Dow fell 200 yesterday. We’re down another 90 today… after challenging historic resistance that’s...
by Ian Cooper | Jul 14, 2015 | Forgotten Profits, Trade Alerts
Like a bat out of hell, Micron (MU) came screaming back, as hoped. Just days after taking as much as 59% on half of the MU put options, the MU calls are back as the underlying stock jumps $2 a share. Apparently, China’s Tsinghua Unigroup is preparing a $23 billion bid...
by Ian Cooper | Jul 9, 2015 | Rapid Retirement System, Trade Alerts
My apologies for not writing to you sooner… I had a bad death in the family. While it’s a bit painful, I have a job to do. And I’m going to do it well. Life happens. He had a great life so I can’t be too down. While I work on updating all open positions and look for...
by Ian Cooper | Jul 9, 2015 | Forgotten Profits, Trade Alerts
My apologies for not writing to you sooner… I had a bad death in the family. While it’s a bit painful, I have a job to do. And I’m going to do it well. Life happens. He had a great life so I can’t be too down. I wish I could say I am shocked by recent market behavior…...
by Ian Cooper | Jul 1, 2015 | Rapid Retirement System, Trade Alerts
We weren’t shocked by the massive sell-off earlier this week. We were expecting it. We knew Greece was trouble. Earlier this week, traders were excited over the possibility of growth in Greece. Shortly after the inevitable news was released, that joy turned to...
by Ian Cooper | Jun 29, 2015 | Rapid Retirement System, Trade Alerts
While I wish all trades could be as easy as the ZUMZ trade – which returned a quick 150% gain – that’s not always the case. We may have had some great success stories over the years, but recently losses take their toll, too. I’m not concerned, though. I’m still...
by Ian Cooper | Jun 29, 2015 | Forgotten Profits, Trade Alerts
While I wish all trades could be as easy as the ZUMZ trade – which returned a quick 152% gain – that’s not always the case. We may have had some great success stories over the years, but recently losses take their toll, too. I’m not concerned, though. I’m finding a...
by Ian Cooper | Jun 22, 2015 | Forgotten Profits, Trade Alerts
It’s sad when “smart” traders ignore great trading opportunities. When we picked up the ZUMZ August 25 calls, the underlying stock had just crashed $6. It was nothing more than an overreaction spotted with my six technical pivot tools I’ll discuss in upcoming...
by Ian Cooper | Jun 22, 2015 | Rapid Retirement System, Trade Alerts
It took a lot of patience and banging my head against the wall to understand how a stock like AMBA could accelerate to such nosebleed levels on nothing. Then, Citron Research jumped in and noted the price wasn’t based on reality, citing the company’s absurd valuation....
by Ian Cooper | Jun 18, 2015 | Forgotten Profits, Trade Alerts
While holding all open positions, consider selling to close half of the ZUMZ August 25 calls. The underlying stock is just beginning to claw its way out of oversold conditions. Even though MCD (put option) and QCOM (put option) did exactly what we thought they would...
