Strategic Options Update: Looking at insurance stocks next week!
Today's Financial News - Posted March 13, 2009
After a bullish week on Wall Street, we think that insurance companies may be in for a boost next week.
by J. Christoph Amberger
Baltimore—TFN: We have reached the end of a very positive week for Wall Street. All it took was a little good news from the banking industry and the government’s promise to make some well-needed changes to mark-to-market accounting regulations.
The TFN Strategic Trader portfolio only has two positions in it, but they are treating us well. It is impossible not to love the action from our gene switching options this week. As I write, they’re up by 300% over our initial buy price.
The underlying stock remains dirt cheap. All of the news out of Big Pharma and the biotech industry will only help to push prices even higher. That means our options will continue to climb in value. By the time these options expire in May, we’re going to be looking at a much stronger market and much higher prices. This week’s gains are only the beginning.
(In case you missed our initial coverage, here’s your chance to catch up… even at current levels!)
Next week is going to be filled with volatility as some investors take their profit and others find the nerve to jump back into the market. Andy Snyder will have the next play to our TFN Strategic Trader members early in the week.
Right now, the insurance industry is catching his eye…
Next Article: Best Stock This Week: 65% gains on Bank of America (BAC)
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