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Wednesday, July 28, 2010

actions i will take

Tomorrow, if we get a negative market due to the Claims number, I will be adding to AAPL, IBM and GS.

I already stressed the fundamental story with all three names, but just to recap:

1. All their technicals looks really really good.

2. IBM has a trailing PE of 12.14. Even if we are to assume it should have a trailing PE of 12.6, the stock will be trading at 133.

3. AAPL has a trailing PE of 19.6. (The company growing EPS north of 25%.)

Gonna play each with options. Looking to grab the options when IBM is at low 127, AAPL is at 258-259 and GS is at 144ish.

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