Tuesday, September 1, 2009

CME Calls, OCFN (.07), PIHN (.0018), PRX Calls

Stocks to watch today:

CME calls, grabbed the $300 calls yesterday. Looking for it to continue to breakout towards $300+ today. Usually good for a 4-5 day move. I'll be holding till thursday. Worried about the employment numbers.

OCFN continues to move higher after we made it a pick here at .05. Should test .10 here shortly.

PIHN is a company that has just began updating the investment community. Bottom floor buying Oppt here.

PRX is severely undervalued at it's current market cap. Expecting $24-25 before option expiry. Could be a buyout target.

I'll be updating the blog later tonight. That's all for now.

Happy Trading!

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