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We began the week by mentioning our interest in AAPL Calls, having already experienced substantial gains to that point over the past several sessions. In anticipation of today’s iPad Event, the stock went on a tear, ending the day up more than ten dollars and 2.45% The 11/01 $505 & $510 Calls that we’ve been tracking were pushed deep into the money, yielding enormous gains. The 505’s surged another 100% from our original alert point at $12-range to 24.35, The 510’s, which started off as low as $10, and hit a high of 24.22, ending up at 22.05. A gain of over 140%
AAPL is gapping up once again, trading up roughly 1% pre-market. We expect these Calls to be pushed ever-deeper into the money.
FreeSeas, Inc. FREE
On September 10th we were talking about FREE, and the fact that it had resistance sitting on the chart at .33 and .38. At that time, we observed it trading as low as .2213. In just under a month, we would see it rocket 320% to .9287.
Following that huge run, the stock has been under consolidation, and we are currently monitoring for a bottom. Ideally, we’d like to see that come above the .33-mark. A signal that the stock is ready for a rebound would be the surpassing of the 50DMA at .39.
Growlife, Inc. PHOT
Most of you know that we’ve been tracking PHOT, along with a lot of other marijuana-related stocks for an awfully long time. On August 30th, we reminded our readers to begin paying close attention to the industry following the Fed’s announcement that it would not be interfering with states’ right to legalize marijuana. At that time, it was as low as .0318. We mentioned PHOT again on September 16th, at a price of .042 as it was breaking a double-top.
Yesterday, the stock hit a new high of .072 into the close, marking a gain of 71% since mid-September.
Extended Watchlist:
TDEY, LJPC, PTIE, SYMM, OXBT,