Biotechs Still Alive
face=”Arial, Helvetica” size=”2″>Join me, fellow
TradingMarkets.com content providers, and other traders and
money managers at the Trading Markets 2000 conference at the
Venetian Hotel Resort and Casino in Las Vegas on October
13-15, 2000.
size=”2″ color=”#FF0000″>For a back-to-basics look at
retracement levels, see my latest trading lesson,
Introduction To Retracements.
Sepracor
(
SEPR |
Quote |
Chart |
News |
PowerRating), on
the
From Highs List, may present an opportunity for covered
calls. You can buy the stock for 133 13/16, and you can sell
the August 140 calls for 9 7/8. This represents
approximately a 12% return (more than 120% annualized, based
on 35 days until expiration) should the stock be called
away.
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Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) is in its first
pullback since its meltup from lows. Look for buying
opportunities in calls and call spreads here.
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The Nets
(
$IIX.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, remain strong. Continue to look for buying
opportunities in calls and call spreads here.
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) has sold off as of
late, but so far has done nothing wrong. Look for buying
opportunities in calls and call spreads here on any
resumption of uptrend.
Best
of luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!