U.S. stocks may have taken a breather yesterday, but Chinese semi-conductor manufacturer Spreadtrum Communications Inc. (SPRD) continued its relentless trek upward. With the stock up 31.05% since our initial recommendation on Dec. 5, and the May $17.50 call options up 132.65%, sell half of your remaining options to lock in some triple-digit percentage gains. Hold onto the stock and the rest of your options for potentially bigger gains.
Global markets both sold off (on Friday) and bounced sharply (yesterday) during the past week. With political protests in Tunisia and Egypt quickly spreading to Jordan and Syria, we are heading into an unstable period in emerging markets. At the same time, this period just may turn out to be as historic as the fall of the Berlin Wall was in 1989. Thanks to technology and the ability of protesters to organize themselves quickly, the world’s last remaining totalitarian regimes may crumble more quickly than we ever thought possible.
Our red-hot streak in Global Bull Market Alert continues, as Alliance Resource Partners LP (ARLP) — our bet on coal — has soared in the six days since we’ve recommended it. With the stock up 5.01% and the June $70 call options up 108.33%, sell half of your options to lock in some very quick triple-digit gains. Hold onto the stock and the rest of the options for potentially bigger gains.
It was another terrific week for your Global Bull Market Alert portfolio. Despite the turmoil in Egypt and emerging markets, eight out of your 11 positions ended the week higher. And in Friday’s “Special Alert,” you booked 33% profits in your China MediaExpress Holdings (CCME) options, as well as 67% gains in your Spreadtrum Communications, Inc. (SPRD) options.
China MediaExpress Holdings, Inc. (CCME) had a huge day yesterday — soaring 16.5%, thanks to a monstrous "short squeeze." That means that investors who have been betting on the stock’s decline by selling the stock are throwing in the towel and are buying it back at a furious rate. The stock is now up 28.58% since you first bought it.
Global markets endured their first correction of 2011 this past week, as markets took a breather from their relentless rise upward.