September 3, 2011 - The Steady Trader

Bank Of America (BAC) Looks Like It Want’s To Go Higher

Just wanted to quickly point out the wedge developing in BAC (dotted blue lines). On the margin that's bullish for now. In the Chat Room we're discussing entry points and stops right now. We're also considering buying a bucket 3 long-term position and then trade around that position with bucket 1 and 2 trades.

Trade Idea On Finisar (FNSR) Today

Finisar (FNSR) is indicated to open around 37% lower this morning after missing earnings guidance estimates. In the Chat Room this morning we are discussing ways to take advantage of this and here is a quick summary of what I laid out in this morning's 'Morning Line-Up' newsletter about: Similar to stocks like NVDA or […]

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