"IT'S JUST MY OPINION" VOL 2

 In my first newsletter, I recommended to buy BAC on a scale down basis starting @$14  down to $13.55 a share.
If you are looking for penny stocks, day trades, I'm not your man! I am a long term thinker.
Having said that, there is a way to take advantage of short term situations of your individual stock holdings by using cover call options.
For example, back in late 2012, I bought DIS @ $50.29. When the DOW first hit the 15,500 mark,  DIS rallied to $68. I sold October 70 strike price calls @ $2.50 and collected $250 for every call I sold. For every 100 shares of DIS I owned I could sell 1 covered call, because 1 call represents 100 shares of stock.
Now, what does that mean? I believed that DIS stock would not reach $70 by October 18th, 2013. These are the kind of opportunities to enhance your percentage of profit on your individual stock holdings.
Now, what is the downside on my DIS trade?
What if DIS closes over $70 a share on October 18th, 2013.
If that happens, my DIS shares will be called away @ $70 a share and I will keep the $250 for each DIS call I sold.
If that happens, I sold my DIS shares @ $72.50 a share. That is approximately a 45% return in 11 months and that does not include any dividends I may have collected!
However, DIS stock is now trading between $65 to $66 a share.
So I believe the call options, which expire October 18th,2013, will expire worthless. That means I keep the $250 per call I sold.
Now I see the same opportunity in AAPL and GOOG stocks.
In my opinion, I do not see AAPL achieving a stock price of $550 a share by January 18th, 2014. I do not see GOOG achieving a stock price of $1,000 a share by January 18th,2014.
So here are my recommendations - "IT'S JUST MY OPINION".
For every 100 shares you own of AAPL, I would sell 1 January 18th,2014 $550 strike price call @ $15.00 on an open order and collect $1,500 for each call, which gets credited to your account!
For ever 100 shares you own of GOOG, sell 1 January 18th, 2014 $1,000 strike price @ $7.00 on an open order and collect $700 for each call, which gets credited to your account!
What is the worst case scenario?
If AAPL closes over $550 a share on January 18th, 2014 - your AAPL shares will be called away, which is like selling your AAPL shares @ $565 a share on January 18th, 2014 and you keep the $1,500 you collected on each call.
If GOOG closes over $1,000 a share on January 18th, 2014 - your GOOG shares will be called away, which is like selling your GOOG shares @ $1,007.00 a share and you keep the $700 you collected on each call you sold.
If AAPL closes under $550 a share on January 18th, 2014 you keep the $ you collected on your calls. If GOOG closes under $1,000 a share on January 18th, 2014 you keep the $ you collected on your calls.
Now "THAT'S JUST MY OPINION"

The Next Move on the DOW

Here we go again!! The wall of worry. Between the FED tapering, Syria, the Government shutdown - in the long run it does not matter!
Back in May around the 20th, the DOW reached over 15,500. Then broke down little over 1,000 points to just under 14,600. Around June 23rd the DOW ran up to over 15,600. In early August the DOW broke down about 1,000 points to around 14,780. Late August early September the DOW climbed almost 1,000 points to over 15,700. Now it is possible the DOW could head down to around 14,900.
I see a pattern here! Higher highs and higher lows - that tells me the DOW is going a lot higher!
The next time the DOW trades over 15,700 for two days in a row the DOW will at some time late in 2013 the DOW will reach 17.550!
I am starting a weekly news letter "THAT'S JUST MY OPINION".
Depending on market situations, I may add more letters.
I have 11 stocks that need to be bought!
I'll give you one - BAC needs to be bought on a scale down basis starting @ $14 down to $13.55. In the next 14 months this stock will reach $20 a share.
"THAT'S JUST MY OPINION"
You can subscribe to my newsletter today!
For the low monthly rate of $50!

Thank You
Len Dwelle

lendwelle@hotmail.com