I'll try to google search, what the FOMC will be releasing at (WED Jan 2) 11:15 my time...2:15 est...
DEC 31 market open all day...Then closed Jan 1...2008....
BEN could send the market up 200 points, and if this happens then that BB13,2 upper band, goes to steep climb....and the 136.0 upper limit, becomes meaningless....
AXP , must hold at 50.3, otherwise the general market might go into a recession. (Doubtful, next 4 month's, or whatever..)..-
So, I’m using, AXP, as one of the poker stocks, to see what AXP pricing gives away, as to the general direction of the market short term...
BUY the JAN 47.5 calls , and FEB 45 calls. I don’t know where to set the stops....but I imagine the market day to day general headlines, will give a clue...whether to hold or bail.
FRIDAY, DECEMBER 28, 2008
If some of you are looking for safe harbor type investments, instead of those get rich quick schemes, then these two are exactly what you need, you will sleep at night...a lot better...
If you don’t mind waiting for one month on an 11% return, ( or buy the calls for a 75% return) then PCG, pacific gas and electric, is your cup of tea...and who knows you might even collect the dividend on the way back up...
They are in a 15% growth business, and if stuff gets to high to maintain, they go to city gov’t and ream it to you...
IOC, oil company with a huge find on their hand, cept they been drilling and drilling, and sometime this year, i think it is, they will finally reach paydirt, and once again, hit $40 a share...
Buying the jan and FEB 17.5 calls, and just sit back and wait, till it’s at $25 again, or better, gaps above $25...
Both of these stocks, are what the pundits call safe haven types...so you might want to park 2% to 5% of your account into the JAN and FEB call options....
