ShepWave Positions in the BLACK. Took 100% profit for QQQQ OPTIONS TRADE TODAY.
by ShepWave.com
Posted: 5/22/2006 15:15 EST
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ShepWave took profits in our QQQQ Options Position today. 100% profit in 7 days. We entered this trade on May 15. We will be looking to re position in some Options Positions for the DIA and QQQQ very soon. All positions are doing very well and are in the BLACK. Been a pretty ''no brainer'' trading opportunity lately. This should continue until the end of the week. At the Least. The markets are continuing to act as expected. Our targets listed in last night''s update have been HIT. ShepWave is keeping current positions open for the time being. Some key technicals have occurred today. I show them in today''s update and issue new targets and potential trading pattern. The position in BAC (Bank of America) that we shared with everyone on our email list is currently up a nickel. We have August Expiration PUTS for BAC with a 47.50 strike. We paid $1.10/share for these contracts. Still time to enter this trade. Goal profit is 200% by August. Up over 2 points for core QQQQ Position. Our DIA core position is up over 2 1/2 points at this time. Up over 3 points earlier today. Click here to see current positions and analysis at ShepWave.com Click image below to sign up for CLUB EWI for FREE.
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| Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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