Earning 15% return is very easy if you pick a stable stock and track is movements against the dow.
recently I have played smith and wesson SWHC
I played a technical play where I bought shares at 5.11 and then shorted against the box as the stock was dropping.
this allowed me to gain from 2 different drops and rises making 100 net profit per trade and then when the stock rose above 5.11 I sold and took another 50 buucks profit
My total profit was 250 on a 3500 investment in 2 months.
thats about 7% in 2 months
the stock has recently dropped to 3.92 and I have again choose to control 400 shares using jun expiration call options for 50 a contract with a 5 buck strike
as that is the usuall point I get out.
if smith follows its trend I will either be out by christmas best case or by jan 20 2010 worst case.
I will keep you informed
Sunday, December 13, 2009
earning 15% a year in the market is very easy
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