Ikigai

ikigai

h/t M. Sarnoff

Back in 1987, I realized that the Japanese had a superior way of depicting price movement.  I focused my study and work on becoming an expert in combining the best of western technical analysis with those ancient Japanese charting techniques.  They also have a very valuable way of looking at life and work.

The concept is known as “Ikigai,” which can be translated to “reason for being.”  Understanding Ikigai can help transform your outlook on life and business.

My wonderful and wise brother Mitchell lives his life along the lines he wrote on the card pictured above.

I thank him for sharing with me and I share them with you, along with wishes for your health and happiness in the New Year and for many years to come.

Find and follow your Ikigai.

Best regards,

Steve

 

Hey, Good Luckin, +94% In Less Than 2 Weeks!

chart of Luckin Coffee

Chart by Steven Sarnoff h/t stockcharts.com

Options Hotline Update, FYI:

Our Luckin Coffee (LK) March $31 call recommendation (see 12-15-19 Options Hotline), triggered 12-16-19 at $5.00, traded 12-27-19 at $9.70,

+94% in less than 2 weeks,

with an always known and strictly limited risk!

I can’t guarantee all my recos will do this well; but, as we approach our 31st year of publication, I do promise to do my best to find options winners for my great subscribers.

If this is the kind of options action you’re looking for, subscribe to Options Hotline today!

We wish you and yours a Happy and Healthy New Year!

Steve

 

+301% in Less Than 2 Months, A Quadruple To The Coeur

chart of coeur mining

Chart by Steven Sarnoff, h/t stockcharts.com

Gold and silver shined in today’s holiday-shortened session.  This helped our recommended play on Coeur Mining (CDE) multiply 4x in less than 2 months, with an always known and strictly limited risk!

Triggered 10-28-19 at $.75, the Coeur Mining January $5 call reached $3.01 on 12-24-19.

That is Superleverage power on display.

As we approach our 31st year of publication, I can’t guarantee that all my recos will multiply, but I do promise to do my best to find option winners for you.  If that’s the type of options action you’re looking for, subscribe to Options Hotline today to stay a step ahead of the crowd.

Happy and Peaceful Holidays to all,

Steve

 

Happy Holidays!

All of us at Options Hotline wish you and yours very Happy Holidays!

NOTE: Next broadcast for subscribers is scheduled for Sunday, January 5th.  We’re set to begin our 31st year of publication!

The Superleverage power of our method is on display, as we head into the holiday break.

Today’s new highs, FYI:

Luckin Coffee (LK) March $31 call, triggered at $5.00, traded at $8.00, +60% in a week

and

Coeur Mining (CDE) January $5 call, triggered at $.75, traded at $2.70, +260% in less than 2 months,

with an always known and strictly limited risk!

If that’s the type of options action you’re looking for, subscribe to Options Hotline today to vie for fun and profit.

Many thanks and best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Wright Brothers first flight

Wright Brothers and the first flight, h/t Library of Congress

“There are only two ways of learning to ride a fractious horse; one is to get on him and learn by actual practice how each motion and trick may be best met; the other is to sit on a fence and watch the beast awhile, and then retire to the house and at leisure figure out the best way of overcoming his jumps and kicks.  The latter system is the safer, but the former, on the whole, turns out the larger proportion of good riders.  It is very much the same in learning to ride a flying machine; if you are looking for perfect safety you will do well to sit on a fence and watch the birds, but if you really wish to learn you must mount a machine and become acquainted with its tricks by actual trial.”
— Wilbur Wright, 1901

 

Luckin Good

Luckin price chart

Chart by Steven Sarnoff, h/t stockcharts.com

At the opening of trading on Monday, Options Hotline subscribers positioned for profit with calls on Luckin Coffee (LK).  They received my weekly email bulletin, containing our specific recommended play on the Chinese coffee giant the Sunday evening before.

Their options already traded +30%, with shares tracing out a potentially bullish continuation pattern.  This implies the likelihood, but not the certainty, of a coming move higher.

The red candles on my daily Japanese candlestick chart above look lit to launch another leg up and seriously squeeze the shorts.

Subscribe to Options Hotline today to stay a step ahead of the crowd.

Best regards,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

people

h/t Chad Batka and Celeste Sloman for The New York Times

“Above all else, in other words, the stock market is people.  It is people trying to read the future.  And it is this intense human quality that makes the stock market so dramatic an arena in which men and women pit their conflicting judgements, their hopes and fears, strengths and weaknesses, greeds and ideals.”
— Bernard Baruch

Even in these days of computer-driven algorithmic trading, our study of the character of the behavior of market price movement reveals the human behavior of buying and selling that ultimately drives direction.

Subscribe to Options Hotline today to stay a step ahead of the crowd.

Best regards,

Steve