May 14, 2006
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May 15, 2006 - Issue #006
Outlook
What do we do Monday morning? In my opinion, buy Johnson & Johnson - JNJ ($58.83).
The stock took out a significant line of resistance last Thurs. On the market's worst decline since February, JNJ was the only Dow component to go up that day. It really stood out and nobody seems to be recommending it. All the more reason, in my opinion, to load up.
Readers of my site-blog received notice Thurs nite in time to act Fri a.m.
The volatility appears low enough to utilize buy premium strategies. "Marry" the
Oct 60 puts to the stock for a potentially low risk/high reward situation.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!