MRVLREADER -- DON'T DO THAT SHORT BRCM TRADE. I think it's going lower, but don't go in that big.
Instead, look at PDC. I was reading a seasonality thing tonight and PDC came up as a stock that moves up 9 out of 10 times in April through early May going back years. You can only buy the $5 calls. I'm looking at the May $5 for $.20 or less. Might try a bid in at $.10 tomorrow for a couple hundred. Maybe risk $3k. If it goes to $6 ($4.50 now), then that's a $15k profit.
All of these oil and gas stocks have the same chart. All of them from APA to HAL to APC to BHP, to PDC. They are all the same. They are all looking like they've been basing and ready to explode higher. I'm thinking of buying 1 year LEAPS 5 strikes out on each of them. Could be multiple lotto tickets.
Oh, also TRMB has a big seasonal thing going this month through May. It also looks like it wants to move up. At just under $17 now, it looks like it could fill the gap to $20 and then run to $23? Possibly by the end of May. The May $20 calls are .35. If the market does a spike here to the end of May, then TRMB could easily run to the $23 area or Dec swing high. Those would jam to 3 or turn a say, $2500 investment into $37000.
Will it? In this market, anything could happen.
