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We give great entries, but trading options are a timely event. Since we report weekly, your own
money management on options trading may be more timely to take your profits/losses.
Note: Previous closed out positions can be found in the April 20, 2009 letter.
FUNDAMENTAL NEWS
The dollar strength or weakness was caused mostly by the Greek financial crisis. At times when
aid for Greece seemed imminent the dollar fell which helped buoy equities last week. The
However, out of the ten Dow Industrial Groups, only 2 were higher. Financials were the leader up
a not too shabby 1.16%. Consumer Services was the next best group gaining 0.66%. All the other
groups were lower. Oil and Gas, which gained 3.41% last week was worst falling 2.30%. Utilities,
beleaguered by inclement weather fall 1.74%. Basic Materials lost 1.56%. The other five groups
all lost less than 1.00%.
New Recommendations
GG- Goldcorp- 37.78- has rallied from support at 33 to resistance at 38-39. Should now pull back. Buy the
GG March 39 Put- 2.10- for a move back to 36 and then lower. Place a stop loss on the option when the
stock closes over 40. Take half profits when the stock is at 36.
FXI- Chinese Stock ETF- 39.59- an ETF representing the top 25 Chinese stocks. Appears to have formed an
inverted bottom formation and looks ready to break out to the upside. Buy the FXI April 38 Call- 2.70- for
a move back to 42 and then higher. Place a stop loss on the option when the ETF closes below 37. Take half
profits when the ETF is at 42.
Option Comments
Profits were taken on half the DOW March 31 put option position and on half the CHBT March 15 call
option when the stocks reached their initial targets.
LEGAL DISCLOSURE
Princeton Research has received about $ 2,500 per month from Metabolic MTBR and Lucas
LEI both marked with an asterisk. MTBR is reviewing a contract which would pay $ 2,500 per
month plus some restricted shares. The main principal of Princeton Research has obtained his
own shares amounting to 2,700,000 shares.
CONTACT
Please Direct All Inquires To: