Sigma is in the right space at the right time. Blu-Ray is about to take off, and the company's balance sheet is pretty impressive.
Today, I will use the October $12.50 strike price, by placing a limit order at $11.50 to buy 10 Deep-in-the-Money calls going all the way out until October (MQNJZ), to give myself plenty of time for the stock to move my way.
Game of Life
Last week, I was fortunate enough to experience the great honor when
The New Yorker magazine ran a profile about me that was headlined: "Nails Never Fails." I pick up the magazine this week and what do I see on the cover of their money issue? Here's some of the headlines. " Bear Stearns Died for Your Sins and "How to Lose $20 Billion." You can read those stories and cringe. Or you can stick with me on my new subscription service that provides my Deep-in-the-Money calls and make some money. If you would like to be on the list to receive a free trial for the service, send an email to
dykstra@thestreet.com.
Before I came back Tuesday, it had been six months since you last saw me on The Street.com. I took a hiatus just after the Red Sox swept the World Series and now they're coming back from their exhibition games in Japan and getting ready for opening day. It's a fresh start for all of us. Last year doesn't mean a thing when Manny Ramirez goes to the plate now. And it doesn't mean a thing in investing. We're looking at the chips on the table right now.
But let me tell you what I was doing in the six months since the World Series. I started up
The Players Club.
The Players Club is dedicated to educating athletes about the world of finance. You may be wondering why athletes might need financial help when you hear about them signing eight-figure contracts. But the fact is many don't know how to invest, and it's not their fault. Kids turn into men without ever experiencing the world of finance. Sadly, what has been all too common; the money is gone just when their playing days are done and they really need it. Many a championship ring has ended up in a pawnshop. So I started
The Players Club
to give athletes a chance to discipline themselves financially early in their career so they finish with guaranteed recurring cash flow after they retire.
Now that
The Players Club is off the ground, I'm happy to be swinging the bat again at The Street again.
Always Remember:
Life is a journey enjoy the ride.
Know What You Own: Sigma Designs operates in the technology industry, and some of the other stocks in its field include
Broadcom (BRCM Quote - Cramer on BRCM - Stock Picks),
STMicroelectronics (STM Quote - Cramer on STM - Stock Picks) and
Zoran (ZRAN Quote - Cramer on ZRAN - Stock Picks). These stocks were recently trading at ($19.17, -.63%), ($10.51, -.94%) and ($14.00, -.99%) respectively. For more on the value of knowing what you own, visit TheStreet.com's
Investing A-to-Z section.
Lenny Dykstra
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