Corey Williams
Corey Williams's Latest Posts
EOT Trade Alert – July 8, 2009
July 8, 2009 Trade Alert: Buy EXP October 2009 22.50 Puts at $2.30 or better (EXPVX) Company Background: Eagle Materials (EXP) is a manufacturer of basic building materials. They primarily make gypsum wallboard and cement. Short-Term Catalyst: It’s all about earnings. EXP is reporting their first quarter 2010 earnings on July 23. Here’s the deal. Analysts […]
EOT Position Update – July 8, 2009
July 8, 2009 Market Snapshot The key word this week for the market is volatility. The head and shoulders pattern on the Dow is casting dark shadows over investor moods. Whether you believe in technical analysis or not, this is a situation where a technical pattern could be a self fulfilling prophecy. Especially given all […]
SET Portfolio Update July 2009
July 7, 2009 The stock market’s at a crossroad. Technology stocks and blue chips are heading in opposite directions. The NASDAQ is holding onto its gains while the Dow has fallen back to June lows. The next big move will likely be decided by the winner of this tug o’ war. If technology stocks regain […]
EOT Position Update – July 1, 2009
July 1, 2009 Market Snapshot The blue chip and technology stocks are battling for control of the market. The NASDAQ continues to be the strongest index. And the Dow is lagging behind. There is clearly a divergence (one moving higher and the other lower) within the overall market. I went to charts to find an […]
EOT Trade Alert – June 25, 2009
June 25, 2009 Trade Alert: Buy RGR August 2009 12.50 Puts at $2.10 or better (RGRTV) Company Background: Sturm Ruger (RGR) designs, manufactures, and sells firearms. They’re a one trick pony. 96% of their revenue comes from gun sales in the US. Short-Term Catalyst: The Obama effect is over for gun stocks. That’s right, when Barack […]
EOT Position Update – June 24, 2009
June 24, 2009 Market Snapshot The stock market continues to trade in a tight range. The S&P 500 is stuck between 880 and 940. And it’s been there for almost two months. The good news is the 200-day moving average is providing strong support. It should keep stocks from any further dramatic price declines. Right […]
EOT Trade Alert – June 18, 2009
June 18, 2009 Trade Alert: Buy BRLI August $35 CALLS at $1.20 or better (BJQHG) Company Background: Bio Reference Laboratories (BRLI) is an independent clinical laboratory. The company operates in the New York metropolitan area, offering a long list of laboratory testing services. Healthcare providers, like doctors and independent clinics, use them in the detection, diagnosis, […]
EOT Position Update – June 17, 2009
June 17, 2009 Market Snapshot The markets have been pulling back this week. It’s never easy to see hard earned gains disappear, but I’m actually encouraged by this market action. First off, let me reiterate, pullbacks are a natural part of a trend. I don’t care how strong the trend is, nothing goes straight up […]
SET Monthly Issue June 2009
June 2009 BANKING HUGE GAINS WITH COMMODITIES Did investors sell in May and go away? Take a look at this chart of the S&P 500. You’ll see a solid 5% gain in May. But it’s been a different story so far in June. In fact, the S&P 500 has closed within a 15 point range […]
EOT Position Update – June 10, 2009
June 10, 2009 Market Snapshot It’s been a slow week for the markets. It’s left me wondering if the old Wall Street adage, “Sell in May and go away” could be true this year. Investors’ lack of conviction to move the market showed up in lower than average volume. It’s left the Dow stuck in […]
