Book Welcome Double-Digit Percentage Profits In A Choppy Market

Back on Aug. 13, I recommended that some of you with a more speculative bent buy some POSCO (PKX) options — the November $135 calls (PKXKG.X). Since then, POSCO’S stock has roared ahead, up over 8% just yesterday, to break through the $150 level.

The options have done even better — up 47.39% just over the past two weeks or so. Let’s not be too greedy in this choppy market. Take profits on half of our options here. Hold on to the stock and the rest of the options for now. This Warren Buffett favorite has plenty of steam left in it.

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Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.  

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