Certainly, the vast majority of you are aware that Barry Bonds hit his 715th career home run on May 28, passing Babe Ruth as the second-leading career home run producer, behind Hank Aaron's 755.Lost in the hoopla was the pronouncement of such. Dave Flemming, 28 years old, is the youngest play-by-play announcer in Major League Baseball. He broadcast the Giants' games for their flagship station, KNBR, with veteran Jon Miller, best known for his Sunday night ESPN baseball broadcasts with Joe Morgan. Imagine the adrenaline rush experienced by young Flemming as he announced the launch, descent, and landing of the mammoth 455-foot bomb by Bonds to dead center, which moved him ahead of Ruth. But unbeknownst to Flemming, only his partners in the booth actually heard "the call." Evidently, at the very instant Bonds' historic blast took flight, Flemming's hand-held microphone ceased to function, depriving untold thousands of Bay Area fans the opportunity to experience "the call" first-hand. At age 28, Flemming was poised to make the deepest "deep in the money call," which he believed he did. Sadly, "the call" did not go through. In essence, history will reflect that it was never made. Is this an omen for the long-term yield on the
noted here, the accompanying spike provided a great opportunity to book profits on the original call on the August $25 calls. Remember, this is not a "buy-and-hold" operation. Our goal is all about making money; we want to profit at least $1,000 after we purchase our deep in-the-money call. To help ensure that, we set a good till cancel (GTC) limit sell order. This way, we don't have to watch the tape every second the market is open. We are protecting our investment -- if the stock makes a nice move and spikes up during the trading day, your order will automatically get filled because you set a GTC limit sell order. This will allow you to capture that $1,000 gain without making a phone call, or watching your computer all day Fast forward to the present: Headwaters common stock has been completely annihilated since May 18, when it lowered guidance to reflect the idling synthetic fuel facilities because of volatility in oil prices and customers' uncertainty over the phase out of certain tax credits. I have been following this stock every day, and I have watched those operators just take this stock apart. It has been relentless! But it has finally found a bottom. That is why the Headwaters August $22.50, deep in-the-money calls, which closed Friday at $4.60, look good. This is one of those rare situations where we don't have to go out for to six months -- the company is just too good for this stock to keep going down, and on Friday it acted like it found its bottom. Also, the man, Jim Cramer, recommended Headwaters on his TV show, Mad Money, last week. We have a lot of reasons to like this play, especially if you like money! Remember: Life is a journey, enjoy the ride!