The following email was sent out to Advanced Members on October 10, 2011 at 11:30 A.M.
- Do you want to receive trading ideas?
- Do you want to receive trading alerts?
- Not a member yet?
Don't let the market pass you by. Fees less than 3% for a $250,000 portfolio!
Trading update, 11:30 A.M. Monday, October 10.
New Oriental Education (EDU) from the Growth portfolio is trading at $28.47 right now, up 23.9% for the month. The stock may give it a run to $30 before earnings ( October 18, 8:00 A.M.) and may go even higher after that. But there is nothing wrong with a ~24% return. My advice is to take profits off the table.
Suntech Power (STP) from the Weekly Stock list is trading at $2.47, up 5.6% since Friday. The stock may jump as much as 20% but may turn in the red as well. My advice again is to take profits.
Changyou.com Ltd. (CYOU) from the Weekly Stock list surged to $30.62 or 7.6% since Friday. Again, lock in profits.
CNOOC Ltd. (CEO) from the Weekly Stock list is trading at $175.52, up 8.0% since Friday. There is nothing wrong with this gain. Take profits.
Sohu.com (SOHU) is from the Growth portfolio. The stock advanced 5% today and is up close to 20% for October. The stock may give it a run to $58-$60. Keep close eye on the stock, sell at $59.5 or so.
There is nothing wrong with taking profits. We will keep you updated of upcoming opportunities.