Corey Williams
Corey Williams's Latest Posts
EOT Position Update – July 2, 2008
July 2, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 11,214. We’re down another 600 points from this same time last week. I sound like a broken record. This is the fourth week in a row that the Dow has posted a loss. Making the news this week, OIL. Oil gave the […]
EOT Trade Alert – June 26, 2008
June 26, 2008 Trade Alert: Buy ROST November 2008 $42.50 Calls at $2.25 or better (REQKT) Brief Company Background: Ross Stores (ROST) operates discount retail apparel and home accessories stores throughout the United States. The company offers discount clothes, shoes, linens, household merchandise, small furniture, toys & games, luggage, cookware, and jewelry. Ross has more […]
EOT Position Update – June 25, 2008
June 25, 2008 Market Snapshot Note: Watch for a new trade tomorrow. The Dow Jones Industrial Average just closed at 11,811. We’re down another 200 points from this time last week. Despite the Fed announcement, the market was only able to put together a 4 point rally. Consumer confidence leads the news this week, and […]
EOT Position Update – June 18, 2008
June 18, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 12,029. We’re down a bit from last week’s closing price, but not by much. This week earnings news roiled the markets, and the water cooler comment was “can you believe the weather?” The destruction of the banking industry continues. Lehman preannounced earnings […]
EOT Trade Alert – June 12, 2008
June 12, 2008 Trade Alert: Buy ICO September 2008 $12.50 Calls at $1.30 or better (ICOIV) Brief Company Background: International Coal (ICO) produces coal in Northern and Central Appalachia and the Illinois Basin. The company has 13 active mining complexes, where they control one billion tons of high-quality coal reserves. ICO coal reserves are primarily […]
EOT Position Update – June 11, 2008
June 11, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 12,083. We’re down more than 300 points from the same point last week. The US Dollar is showing strength and yet oil prices continue to skyrocket. With oil trading at over 138 a barrel, the impact of high energy prices are finally […]
EOT Position Update – June 4, 2008
June 4, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 12,390. Today marks our fourth down day in a row. The 200 day and 50 day moving averages are still well above our current position. This market is clearly range bound. The biggest news has been Federal Reserve Chairman Ben Bernanke’s statements. […]
EOT Trade Alert – June 3, 2008
June 3, 2008 Trade Alert: Buy AHGP October 2008 $30 Calls at $2.70 or better (AQPJF) Brief Company Background: Alliance Holdings (AHGP) produces and sells coal to utilities and industrial users throughout the United States. The company offers coal in a variety of sulfur and heat contents. Alliance operates eight coal mining complexes. Short-Term […]
EOT Position Update – May 28, 2008
May 28, 2008 Market Snapshot Today the Dow Jones Industrial Average closed at 12,594. It’s hard to believe that just 7 trading days ago we were above 13,000. It looks like the Dow has formed a short term consolidation pattern. It’ll be interesting to see which way it breaks. This week the news has been […]
EOT Position Update – May 21, 2008
May 21, 2008 Market Snapshot Once again, we rallied above the 13,000 level only to get slapped back down. Today the Dow Jones Industrial Average closed at 12,601. In the last two days we’ve given up more than 400 points. This week, all of the market chatter has been on crude oil prices crossing into […]
