OK, Motorolla’s Razor phone is so good that Alltel’s stock jumped 4% just because they announced they will be selling them.
Now that’s a phone!
Motorolla may have gone up 3.3% today but it has twice hit $24 like a brick wall in the past 2 months so (as a shareholder) I am nervously watching tomorrow’s action (even though it will be fake option expiration action). The stock will either turn down or explode by Monday.
If it does turn down, I will be taking my 270% profit and go home – probably buy it again later though, this is one great stock!
Meanwhile Sprint/Nextel looks like a such a good deal that I am already considering it for Trade of the Day tomorrow. This stock not only got the old S ticker from Sears but their alpha neighbor T just leaped up from $18.50 to $20 yesterday.
So we have Alltel up 4% today, VZ up 2% today, T up 8% yesterday… The sector has been really beaten down but I don’t need a crystal ball to tell me tomorrow’s sector report will show an increasing fund flow. Now who hasn’t been up yet? Bueller?
I mean look at MOT and TXN’s performance – who do you think is buying all that stuff?
So let’s look at Dec $20’s for $4.80, just a .30 premium and look to take it off the table at $25.25 for $5.50. An agressive play would be to set a .35 trailing stop at that level but this stock has plenty of $1 moves in a day. Tomorrow is a perfect day for this as this stock is being artifically held back for option expiration.
I would dump this stock if it hits the $24 moving average but that shouldn’t cost more than .4 of option value.
