Corey Williams
Corey Williams's Latest Posts
EOT Position Update – August 17, 2011
August 17, 2011 Market Snapshot After weeks of panic and fear, investors are refocusing on the markets. Predictably, economists and analysts are busy slashing their forecasts for GDP growth. According to the Wall Street Journal, economists now forecast US GDP growth of 1.6% this year. That’s a massive cut from their July forecast of 2.6% growth! […]
SET Monthly Issue August 2011
August 2011 WILL THE GLOBAL ECONOMY SINK OR SWIM? Let’s face it. I jumped the gun with my bullish call on the markets last month. Obviously, an 18% correction in the S&P 500 is anything but bullish. Yet, that’s exactly what happened from July 21st to August 9th. The S&P 500 shed 247 points as […]
EOT Trade Alert – August 11, 2011
August 11, 2011 Trade Alert: Buy BAS October 2011 $25 Calls at $3.25 or better Company Background: Basic Energy Services (BAS) provides essential services to oil and gas producers and drilling companies in the US. Short-Term Catalyst: It’s been an ugly few weeks for stocks… But it looks like the S&P 500 is putting in a […]
EOT Position Update – August 10, 2011
August 10, 2011 Market Snapshot Let’s sum up the last week of market action in a single word… Panic! Simply put, there was no place to hide from the stock market selloff this week. Investors didn’t discriminate with their selling. Nothing mattered… Not Fundamentals… Not Technicals… It was sell first and ask questions later. As […]
SET Portfolio Update August 2011
August 2, 2011 Dear Sector ETF Trader Reader, Disgusting… It’s the only word to describe the debt ceiling debate in Washington. I don’t think I’ve ever been this frustrated with politicians… And that’s saying something! These windbags make an awful lot of poor decisions. They irritate me to no end… But the debt ceiling debate […]
EOT Position Update – July 29, 2011
July 29, 2011 STEC November 2011 $17 Puts It’s a bad day to be a STEC shareholder… But it’s a great day to own put options on STEC! Why? STEC reported second quarter earnings yesterday after the markets closed. They missed analyst estimates by a penny. But that’s not the worst of it… Management slashed […]
EOT Trade Alert – July 27, 2011
July 27, 2011 Trade Alert: Buy SQM January 2012 $70 Calls at $3.70 or better Company Background: Sociedad Quimica y Minera de Chile (SQM) produces fertilizers and specialty chemicals in Chile. They specialize in specialty plant nutrition (nitrogen), iodine, lithium, potassium (potash), and industrial chemicals. Short-Term Catalyst: SQM is a red hot momentum stock… The stock […]
EOT Position Update – July 20, 2011
July 20, 2011 Market Snapshot Second quarter earnings season is off with a bang. Tech companies are leading the way. There’s no doubt about it, Apple’s (AAPL) earnings were impressive. They made $7.79 per share. That’s nearly $2.00 more than expected. But AAPL isn’t the only one posting blowout earnings. IBM (IBM), Google (GOOG) and VMware (VMW) also beat expectations. If […]
SET Monthly Issue July 2011
July 2011 IS THERE A CURE FOR THE 24 HOUR NEWS CYCLE? Prepare yourself for a bumpy ride… because stocks are stuck in the 24 hour news cycle. It’s a story that’s played out time and time again this summer. One day stocks are up with good news. And the next day stocks are down […]
EOT Trade Alert – July 13, 2011
July 13, 2011 Trade Alert: Buy BK January 2012 $27 Calls at $1.40 or better Company Background: The Bank of New York Mellon (BK) is a financial services company in the Asset Management & Custody Bank industry. They specialize in institutional services, private banking, and asset management. Short-Term Catalyst: There’s not a nice way to say […]
