PCLN (Priceline) 553.30 up 8% today trading near 52 week high on positive revenue , we still believe that this stock with all the momentum with revenue should see a pullback , watch carefull for a PUT Option quite possibly Nov 19 -Dec 17 Puts strike 500-520 should bode well this company is expensive , I do not see this trading much higher especially in this market:
http://stockcharts.com/h-sc/
LNG (Chiniere energy) 10.91 this stock is up big from $4 range and has been trading in 10-12 range , the stock gapped up pretty big and I think a drop could happen Nov 19 -Dec 17 Puts at $10 could bode well , this is an energy stock as of late Oil has been trading over 90$ a barrel but with that said I think we could see a pullback with such a big move :
http://stockcharts.com/h-sc/
MDVN (Medivation Inc) 43.01 this stock saw close to 150% gains since an announcement on FDA approval and we saw a huge gap move and is still sitting high we could very well see a pull back here PUT options for Dec could be good here:
http://stockcharts.com/h-sc/
SPY (SPDR S&P 500 Fund) 127.84 this stock has been rallying as of late pull backs and seems to gain ground , trading range from 124-128 be patient and watch for the stock to get toppy here , I still believe that the markets will be an up and down see saw and we will see resistance at 128 range some puts here for Dec -Jan could be good here as we still think markets will stagger
As far as the OTC markets they have been picking up
IROGD .25 today it hit .27 and cleared out .27 with 47k in volume saw .51 on ask and the shares look very thin with Gold back to the safe haven and many experts calling for 2k gold end of year we are confident that IROG will do well with just 4 million o/s and 25 million in a/s we could see $1-$4 dollar range soon
FTEG .0017 opportunity to be patient and add as low as .0012 this stock rallied and with just 40 million float we expect .002-.003 soon with recent news we feel good about this stock
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