For those of you who picked up MA and V prior to earnings, nicely done. I myself profited nicely from these trades. I did sell V way too early however capitalized on MA. I have a few ideas for this month.
I have screened a few stocks which I feel will rise substancially in the upcoming month. The stocks I am talking about are XL, DUG, and MON. Everyone knows MON is an ag play and has had a huge drop. I picked this stock because of bollinger bands. MON is at bottom 2nd deviation. I checked charts historically and at 2nd devation from bottom, MON has moved at least 5points after only a couple weeks(at most). I think this stock will hit 108 (105 will be extreme bottom) and then move up to 114 within a few days.
I have set a buy order for MON at 4.60 MAY 110. If stock hits 108, my order should be filled.
XL is a hated finacial stock. This stock has been creamed and down 50% from high. Goldman has place XL on recommended by list and stated if the worst possible scenario came true and XL has no capital and needed to find more, it still is worth 40. It also has moved over 50 day moving average and has 4 solid up days. I will look for a down day tomorrow to get in. The article is below.
http://www.forbes.com/feeds/ap/2008/04/29/ap4947991.html
I am bullish on this stock however I will be playing a staddle with more calls than puts. I will also be playing a straight call.
5 XL 35 JUNE CALLS @ 2.10
2 XL 35 JUNE PUTS @ 2.40
10 XL 40 JUNE CALLS @ .65
Looking for this to at least hit 40 in 52 days.
Last but not least is DUG. This is an ultra short gas and oil play. Gas and Oil have had a huge runnup. Also this stock the last 3 days has moved up. TRIX indication (trend movement) is showing a buy. I look for this to hit at least 35 by June.
3 DUG 32.00 JUNE CALLS @ 2.30
We will see I can get in any of these as the price I set is below the current price for all of them. If I get in. I may up my price for XL tomorrow depending on market direction.
Good luck, and happy trading