Posts Tagged Under MA
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February 24th, 2010
Opening a Mastercard Call $220 Position
One of my stocks in my portfolio have been taking a hit since reporting earnings, that is MASTERCARD ( MA ). However, that’s not going to stop me from making money in the meantime. Today, I decided to pull the trigger on some March contracts, the $220 Call @$5.60. Why? 1.Technicals, look at the chart and you will see the signals on the RSI, and MACD indicators. 2. Mastercard has a support of around $217.50, so our entry level is not that compromised at all, probably a $5 or 10 down,,,vs,, $30 or 40 up risk/reward. We need this market to finish strong for the rest of the week to see our position gain some $$$. Happy trading everyone!!!
Don’t forget, you can follow my 2010 Performance where you will find all of my individual transactions.
By Carlos Molina
- Jerry Larach : 21% Gain in two positions is not bad at all. Keep up the good work. ...
- Mel : There is a bubble and it's hovering over the ceiling of the stock mark ...
- Jerry Larach : That was a good CALL... 15% ROI !!!! Not a bad day.... Good J ...
- Mel : Analiza EGAS y comentas como la ves ...
- Mel : Good move. You should include that transaction in the performance sect ...
- Carlos Molina : Claro, lo voy a hacer tan pronto pueda. En estos momentos mi unica pos ...
- inocente : carlitos el melvin me comento a cerca de tu pagina me gustaria aserte ...