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Daily Stock Market Equity and Options Trading Commentary

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Thursday, April 23, 2009

Possible Option Plays for a Handful of BULLISH Stocks

Here is a fresh list of stocks I will be keeping my eye on as of April 23, 2009. These are the current highest bull/bear rated stocks my screener has returned. To get a detailed definition of the bull/bear components check my Bull/Bear Ratio Defined post under Hottest Blog Posts.

Jefferies Group, Inc. JEF (13:0)
MedAssets, Inc. MDAS (13:0)
DNuVasive, Inc. NUVA (14:1)
IMAX Corporation IMAX (12:0)
Monarch Casino & Resort, Inc. MCRI (13:1)

These are the top stocks and have not received as bullish ratings as stocks in the past few weeks. This could indicate many stocks have been overbought, which could mean a light pullback before we head any higher. I would use extreme caution if planning to purchase any of these stocks and would do some extensive research before I jumped in any of them. These will certainly be on my watch list the next few trading days. I'll wait for a 7-10% pull back to purchase any of them and set a tight stop loss if I happen to purchase any of them. If I purchase any of them, I will be selling into strength.

Current Bull/Bear Ratings for many of the stocks I blog about frequently:
Visa V (10:1)
Caterpillar CAT (9:1)
Research in Motion RIMM (9:2)
Palm PALM (8:2)
Google GOOG (8:3)
Bank of America BAC (7:3)
Sirius Satellite Radio SIRI (6:7)

Note that when Ratios are in yellow that it means they are Range Bound. Oddly enough Sirius has the least attractive Bull/Bear Ratio yet it is the only stock which is trending up according to the strength meter (green ratio).

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