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Bernie's bets: A trio of trades from Schaeffer |
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| Oct 26, 2009 07:00 PM UTC |
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Via BloggingStocks:
Filed under: Newsletters, Broadcom Corp'A' (BRCM), Stocks to Buy Options expert and stock trader Bernie Schaeffer combines fundamental, technical and sentiment-based metrics to select his specific trades. In his latest The Options Advisor, he looks at a trio of diverse trades: wireless semiconductor play, Broadcom (NASDAQ: BRCM); homebuilder, Ryland Group (NYSE: RYL); and miner, Southern Copper (NYSE: PCU). "Broadcom has rocketed up the charts in 2009, racking up a year-to-date gain of about 74%. The stock has stair-stepped consistently higher since January, capitalizing on support at its 10-week and 20-week moving averages. "BRCM's relentless upward momentum has forced many short sellers out of their bearish positions, as short interest on the equity dropped by nearly 20% during the past month. Continue reading Bernie's bets: A trio of trades from Schaeffer Bernie's bets: A trio of trades from Schaeffer originally appeared on BloggingStocks on Mon, 26 Oct 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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