Updated from 8:12 a.m. EST
With the holiday week upon us, traders and investors are expecting total market volume to be extremely light this week.
Generally speaking, holiday weeks have a positive basis upward in the capital markets, so if you want to go buy some
under $90 on the news that Steve Jobs will not be giving the key-note address at MacWorld, that seems smart. Or some
at about $15 after S&P came out with a nonsensical credit watch on the company's credit rating for 2009, that also seems smart.
But remember that this week, little financial bets will be made in the capital markets, and that is how I am positioning this week's
Here is a recap of how last week's Rocket Stocks ideas performed:
: Ended the week up 20% after reporting fiscal second-quarter profit of $12.9 million, or 3 cents a share, from a loss of $35.6 million, or 9 cents a share, in the year-ago period. Excluding items, the company would have reported earnings of 12 cents a share, which is substantially higher than analysts' estimates of 5 cents per share. 3Com was a long trade of the quarter that worked perfectly.
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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
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