I have added 2 videos to watch and a quick look at the current positions held.

Video Update

National Inflation Association Video

CLICK HERE

Positions:

I have taken quite a few positions with contingent stops in place and a daily monitoring of these stocks.

Results:

AAPL October calls                       Down At Current

AMZN Jan11 Calls                           Up a tad and playing for Christmas rush

BIDU Jan12 Calls                           Expecting long term power

BIDU Sept 10 Calls                         Up Very Nice

CTRP Aug Calls                                 UP Speculative Play on Earnings Monday

This play is based on PCLN blow out earnings on travel and international bookings, CTRP is the Chinese Priceline.  This is pure speculation!!!

GS Jan 12 Calls                             Up Expect them to return to high levels

NFLX DEC 10 Calls                            This stock exploded up today up over $7 with great volume.  The over channel is still down but could breakout soon.

POT Jan 12 Calls                           Down a tad Playing the commodities long term play

PWER Oct10 Calls                            Nice mover even on this at this point

SLV Jan 11 Calls                           This one is not doing well but hope to see some nice movement up soon.

Channeling Stock with EXCELLENT Earnings and potential to move higher LIWA.  Do your homework

Be Safe And Serene

Vince Dowd

Copy Link Into Address Bar

file:///C:/Documents%20and%20Settings/vince%20dowd/Desktop/Serene_Update_For_Aug_3_2010.swf

CANDIES JIM CRAMER calls them and I call them money.  I have been talking about several stocks for months that are the kings of the hill.  They include Chipotle, Apple, Netflix, Deckers and the others Jim adds are Intuitive Surgical, Express Scripts and Salesforce.  These stocks are growing earnings, sales and are the type of momentum stocks to be in.  I just hope Jim Cramer did not curse them by having them on the show for the masses to buy.  Time will tell

Be Safe and Serene

Vince Dowd

Stock Market Update Deck, BRFS, NFLX, SCRL.  A review of the markets creating the double bottom and several stocks that could be potential buy candidates.  The market is in correction so buys right now are not suggested, however shopping list building is suggested.  Please RATE and COMMENT on the video.

VIDEO

Please Rate and Comment

Cheers

Vince Dowd

Be Serene

The 4 indexes are in a double bottom mode.  Use caution and raise cash.

Please rate and comment on the video

Sell in May and go away, I wish I would have heeded that Mantra this month.  Wow are we glad that is over.  The volatility whipsawed people and some made money on the LUCKY side of the gaps and others lost.  If you heeded my warning a few weeks ago you were in CASH the entire time ready and in study of the charts planning your next moves for the leg up.  There is a video below on the markets.

We have many of you coming into the chat room and chatting with each other on ideas, love that. The trades we will look at today are the 4 oracles or the 4 indexes.  NAZDAQ, NYSE, DJIA, SP500… they are all still in down trend, but they are building bases and ready for the break to the upside.  Shopping list should be ready.  We take a look at the leaders like DECK,  NFLX, AAPL and CSTR.  We also look at EOG.  Spain was downgraded today by Fitch and that caused an immediate sell off on the EURO and the markets which have seemed to be pegged to the EURO lately.  Now the EURO is headed for 1:1 with the dollar which is not great for some but if you want to buy the little house in Tuscany the best prices may be ahead for those in the USA.  Steve Wynn was interviewed today on CNBC and he made it clear our government is a MESS and a WRECK.  They are at the wheel without a clue how to drive and some even suggested we plug the hole that BP made with the thousands of pages of the expensive health care bill.  Steve went on to say that he felt that the Chinese government is acting more like a free market and thus he is moving operations to China and our government is destroying everything in sight.  I am glad to see more and more people voicing this as we do need a revolution to change the direction America or we are in trouble.  I am moving support to Ron Paul for 2012 to fix this mess that both Republicans and Democrats created.  Politicians are breaking YOU and ME and we better wake up NOW!

Ok off my soap box.  I will have more watch list work next week as we see how the markets look.  Also for those of you who DON’T know how to TRADE OPTIONS we have a LIVE CLASS starting June 8^th where you will learn in a weekly format to understand the power of leverage.  If you have not enrolled you may want to as the price is very low for a limited time.  You will receive recordings so that if you miss a class you can view at your leisure.  It is only $495 and we will have weekly sessions.  Find out more at http://sereneinvestor.com/events/webinars/

Until next time Enjoy the video

Vince Dowd

PS: Become a member of our FREE interactive community and have FREE TRADE CHAT during market hours sign up now by clicking here

Be Serene

PLEASE RATE AND COMMENT

PLEASE RATE AND COMMENT ON THE VIDEO

Be Serene

Vince Dowd

Banks, Governments and Countries are involved in manipulation of silver prices, find out what that means below.

The recent issues in Greece and throughout Europe have caused a fear and devaluation in the Euro.  This has caused some to move their money into the US thinking the US Dollar is strong.  The problem is the US Dollar is being held up by the FED and a lot of printing presses.  I have known for sometime that there was manipulation happening as a few have been able to steal the wealth from the masses via inflation and stealth moves that the masses are not aware of.  I know that the US is in trouble and there is a good chance for hyperinflation yet the media will not report the facts.  It is no different than the 1000 point drop, they cover it up with a bunch of quick lies to fill the gap.  People are feeling fear and gold and silver are being accumulated by those who know that the paper currencies are in dire straits.

I did not know how deep this was but have found now what could be the greatest fraud in history involving Governments, Banks and many of the elite.  This is a matter of national security and thus you will not hear of this in the mainstream, but you better pay attention and prepare.  A whistleblower by the name of Andrew McGuire (London Metals Trader) has come out with evidence that JP Morgan is manipulating the silver markets and suppressing prices.  They are crushing longs in the market with manipulation of 100:1 It is said to be a huge short position and they will have to cover it at some point which will explode silver prices.  Think about this, when the shorts HAVE TO COVER they will only have about 1 oz of silver for every 100 oz they are short.  That means a massive short squeeze and sky rocking prices of the physical silver.  (I am buying physical silver now).

Mr. McGuire in his emails to the CFTC shares what WILL HAPPEN in the silver market before it happened.  He was dead on!  How could he know what the silver price would do in the future?  He knows as many of the metal traders know that the market is being manipulated and a few are getting filthy rich while the masses are being robbed of the silver and gold.  The historic ratio of silver to gold is 16:1.  It would take 16 oz of silver to buy 1 oz of gold.  Now that has been skewed as silver is trading at under $19 and gold is at over $1100.  NOW IT IS 58:1 Silver should be at around $183 per ounce.  Short squeeze could send it there or higher.

HYPER-INFLATION: Massive and rapid increase in money supply without support of corresponding output of goods and services (printing presses).  There will be a loss of confidence in paper currency and people will run to the bank to pull their money out (bank run) but will not be able to.  World governments are increasing the money supply and the paper currency is debased (losing buying power) then people will trade the paper for tangibles like gold and silver.  This means we have huge loss in value as the paper becomes worthless.

Will Hyper-Inflation occur in the USA?  I don’t think it matters if it does or does not. I have learned one thing as a trader and real estate investor.  Don’t worry about the money; plan for the WORST and you will be in the best position.  Know your exits before you enter.  If it comes I want to be ready and prepared if it does not then I am still prepared.  That is the key.

A recent radio interview on Kingworld gives a clear version on what is happening.  Mr. King was contacted by Adrian Douglas of GATA (Gold Anti-Trust Action Committee) to expose the largest fraud in the history of the planet.  Mr. King is known for his interviews with a friend of his Harry Markopolis who blew the whistle on the Madoff.

To see the emails sent and correspondence between Mr. McGuire and the CFTC click below.

http://www.kingworldnews.com/kingworldnews/G+_Articles/Entries/2010/3/30_A_LONDON_TRADER_WALKS_THE_CFTC_THROUGH_A_SILVER_MANIPULATION_IN_ADVANCEBy_Andrew_Maguire.html

Mr. McGuire was involved in a hit and run.  It may not be an accident as whistleblowers in deals this big have short careers.

http://nakedinvesting.blogspot.com/2010/04/andrew-maguire-recently-blew-whistle-on.html

Newspaper Article Link Below

http://3.bp.blogspot.com/_H2DePAZe2gA/S-ct_OLdr2I/AAAAAAAAMwA/XIwp5EvpWco/s1600/NYPost-MorganProbe-05-09-2010.jpg

It was my thought to buy LEAPS on GLD an SLV which are the gold ETF and the silver ETF.  However upon research I have found that the very same banks that are in manipulation of the paper traded on the metals are the custodians of these ETFS   (HSBC for the GLD and JP Morgan for the SLV).

Then I ran across this about the SLV and GLD and I think it will shock you.  Basically they can not be trusted as there are no audits or regulation to determine if they really hold physical gold or silver.  Now we have 2 banks who have control of the price of silver and gold.  This is a CRIME and it will soon be uncovered just as Madoff was finally taken down.

Read more on the prospectus of SLV

http://seekingalpha.com/article/149209-are-gld-and-slv-legitimate-investment-vehicles

Gold and Silver to skyrocket

Why is there a big opportunity in Silver?  It is far behind gold and when the shorts have to PAY up in physical silver they won’t have it and they will have to find it at any price.  Right now the funds are settling for cash instead of physical silver, but there will come a time when they want the physical.

You may want to research what companies are going to benefit from this short squeeze (Silver and Gold miners, exploration companies and do your homework as some are crap and others are strong companies.)

One more link, if you want to see some impressive charts click here http://inflation.us/charts.html

One Company that stands to gain would be Silver Wheaton Corporation (SLW)

Silver Wheaton Corporation. The Group’s principal activity is to acquire mineral property interests. It operates in seven segments: the silver produced by the Luismin, Zinkgruvan, Yauliyacu, Stratoni, Penasquito and Other mines (which currently consists of silver produced by La Negra), and corporate operations. The acquisition of silver from the Penasquito and La Negra mines commenced effective July 2008

Profile COURTESY CNBC.COM

powered by metastock

This stock has strong fundamentals and is in an uptrend with what looks to be a bull flag.  They could see huge benefits upon short squeeze of silver, but even if not they are doing very well with their business model.  This play is mostly based on the information above and not current price patterns or fundamentals.

Jan 12 20 calls are trading at 4.45 X 4.70

Jan 12 25 calls are trading at 3.80 X 3.95

I hope you prepare and hope you enjoy the information.

Vince Dowd

Friday’s close showed more weakness in the market.  The NYSE closed BELOW it’s 200 day moving average which is an indicator of trend.  The other indexes have not yet followed suit.   Losses in the market were broad based showing weakness in virtually every sector.  The clear winners were the metal stocks many of which have broken out READ MORE HERE.

PLEASE RATE AND COMMENT ON BLOG

GOLD has broken out from the $86.21 buy area, SLW, which is a sliver miner, some stocks such as EGO, SA, and ANV have been on a run for a little while.  If you watched the movie I sent out on the last update there is a strong case for much higher gold and silver prices. I think buying physical silver may be a good idea and I may look at continued options LONG TERM on SLV and GLD.

My BIG winners of last week as seen in the chat room need to really pull back and build some more bases that are healthy to buy out of.  I still think these are going to be winners but would like to buy at breakouts of NEW bases.  I am not a big fan of being in  and out in a day or two, although I have done this recently and have been profitable.  The really key money comes when you spot a strong momentum stock with good fundamentals in the growth phase that is just breaking out and starting to get the media coverage.  We also like to see the institutional interest increasing as they take longer to buy a position which adds buying over time.

One other thing you may consider is short-interest.  If there is a lot of short interest it could be speculators pushing the stock down, some of these stocks will then explode upwards and have AUTOMATIC buyers in that the shorts will HAVE TO cover.  A short squeeze is when all the shorts have to buy back fast to stop the losses and this can move a stock up fast.

Homework is the key to your winning and it does not have to be during market hours, instead it should be away from the market and taking that plan to the market the next day.

These are ones to watch for the right buy area, but right now there are NO base patterns to buy from. (NFLX, CSTR, CMG, BIDU, DECK, AAPL)

BCSI (Potential Put Set Up)

This stock needs to be watched on Monday and depending on the market may set up for puts.  There are 2 choices May or June for short term play.  I have outlined the strikes and you will note the Delta below the red arrows.  If a May play is made it is important to be in and out as the expiration is this Friday.  June gives more time.  We may see a bounce but with BCSI not able to break it’s 50 dma more downside may be ahead.  The 35 puts for may have 93 delta  for 4.70 and the 30 puts have a 39 Delta for 75 cents.  A thought would be that two 30 puts at .39 Delta would = 78 delta for the cost of (.75X 2) or 1.50. Paying 1.50 for 78 deltas is a bit better than paying 4.70 for 93 deltas. Even three of these options would cost 2.25 and would put the delta on the 30 puts over 1.00. This is due to the number of contracts.  So you would get a better delta on this.  If every contract earns about 39 cents per dollar moved then 3 contracts of the 30 puts would gain over 1.00 for every dollar moved.

Keep in mind Short Term OTM options are speculative trades and much more risky.  You can loose all of your investment since there is little time left.  For learning it is suggested you paper trade both these options IF BCSI goes down and see how each moves compared to the other. Use this as a case study

BCSI CHART

 Options Quotes

Quotes By Optionsxpress

Be Serene and please Rate and Comment on the blog we want to hear from you

Vince Dowd