Monday, April 30, 2012

TRADING THIS WEEK

Hi Folks, This week I am generally bearish. I expect the week to end lower. I have a couple of short term trade setups that I am looking at. One is buying Weekly Option puts in JCP. I have a short term price target of 34.25. Another is IDCC Weekly Option calls. I have a short term price target of 29.24. I have several others but waiting for a good entry point. I'll keep you posted. Thanks and Good Trading, Tim