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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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Earning Season News.Two Powerful Earning Releases On The Same Day

Option traders wait for days like this. Earning reports can cause stocks to spike. Let's look at Boeing and General Dynamics Corp.. First Boeing. Here is it's news.
The company can't build planes fast enough. The stock surged on the opening only to have opportunistic traders take some of the wind out of their sails. There was a lot of details to absorb in a short period of time causing the stock to quiver. Sometimes Boeing can jump 15 dollars on good earning reports. Now look at this one day chart.
The lesson here is to take profits on the opening. Period. Things re not totally smooth sailing with Boeing. Taking profits and buying back in on the morning dip and selling out into the ensuing rally would really require luck. Next General Dynamics Corp.. Guess what? We are living in world of serious wars. Business has to be good for this company.
The details of how they are doing is not that important. Wars are good for General Dynamics and with the markets taking a grubbing as of late, good earning reports can cause a stock to shine. P.S. Stay away this quarter from playing the earning reports on stocks in the automotive industry. There is too much negativity in the air right now.

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