by Ian Cooper | Mar 9, 2015 | Forgotten Profits, Trade Alerts
The short sellers won. And there’s no reason for it. I’m recommending that you consider selling to close the Lumber Liquidator calls today to stop the hemorrhaging. In my opinion, the news is already priced in. Now, traders are panicking. The put-call ratio tells me...
by Ian Cooper | Mar 6, 2015 | Forgotten Profits, Trade Alerts
Talk about a disaster. Not only has the snow wreaked havoc, but economic realities have, too, sending the Dow down more than 200 points on the day. Our DIA puts should do very well if this fall continues, especially if the Dow tests its 200-day moving average near...
by Ian Cooper | Mar 4, 2015 | Forgotten Profits, Trade Alerts
This is overkill now. After recommending trades on Lumber Liquidator calls yesterday, the underlying stock too a dive on a Senate Democrat request for a probe. Not only is the company already under investigation, a lot of recent activity stems from short sellers. In...
by Ian Cooper | Mar 3, 2015 | Forgotten Profits, Trade Alerts
Lumber Liquidators (LL) was destroyed yesterday on a 60 Minutes report. What was interesting is that the report relied not only on the stock’s short seller, Whitney Tilson but two attorneys that are backed by the same short seller. But here’s the thing. Where were the...
by Ian Cooper | Feb 23, 2015 | Forgotten Profits, Trade Alerts
Over the last week, I opened a new Forgotten Profits trade with the DIA April 179 put. I’m hesitant to really go long new trades at the moment, as the indexes challenge massive overhead resistance just above 18,000. If we fail here, we could fall back to the 200-day...
by Ian Cooper | Feb 18, 2015 | Forgotten Profits, Trade Alerts
Hello all… Ian Cooper here. I’ve been watching the market with great concern, as the major indices challenge heavy triple top resistance with bearish signs on MACD, MFI and RSI beginning to emerge. If this top gives way with no real sustainable news or momentum, the...
by Ian Cooper | Feb 12, 2015 | Forgotten Profits, Trade Alerts
DECK is up another $1.26. The move has only accelerated our gains on the DECK March 75 and April 75 calls. But with time decay ticking higher, I’m recommending that you sell to close these two calls for very easy, quick gains. Congratulations on such fast gains. At...
by Ian Cooper | Feb 10, 2015 | Forgotten Profits, Trade Alerts
DECK is up another $2.36 on the day to $75.10. The move has added some good upside to our newly bought DECK March 75 and April 75 calls. While I’m still looking for a bearish gap refill, I’m recommending that you sell to close half of these trades today to secure...
by Ian Cooper | Feb 9, 2015 | Forgotten Profits, Trade Alerts
Let’s protect some DECK gains. Sell to close the DECK June 2015 67.50 calls, as well as the April 70 calls for gains. I just want to protect current gains. Be sure to hold the DECK April 75 calls and March 75 calls, though, as well as the underlying stock. DECK is...
by Ian Cooper | Feb 5, 2015 | Forgotten Profits, Trade Alerts
Our DECK trades are working out very well… and we see no reason to exit any more of the trades at the moment. What I want to do now, though, is open new call options, as MACD, RSI and MFI remain at oversold levels. I still think DECK could move to refill its gap at...
