The LEAPS Option Trader
105 W. Monument Street
Baltimore, MD 21201
Tuesday, February 8, 2005
Email – #229
** A BIG Vote of Confidence
Yesterday, General Electric CEO Jeffery Immelt purchased more than 27,000 shares of GE stock on the open market at prices between $36.08 and $36.25 spending almost $1,000,000 on the transaction. This bodes well for GE and also for our GE Leaps position.
After the close of the market today UT Starcom (Nasdaq: UTSI) will announce its earnings and outlook. As I mentioned previously, the upcoming release and forward-looking guidance will either make or break this speculative position. I will update you on the results and any action to take tomorrow.
Regards,
Karim Rahemtulla
Bio:
Karim Rahemtulla is the former Investment Director of The Oxford Club. The editor of The Smart Options E-Report, The Income Trader – A Covered Call Strategy and The LEAPS Option Trader, Karim is also a regular contributor to The Oxford Club Communiqué. His highly successful trading systems use covered calls and LEAPS to boost returns on blue chip stocks, and during the bear markets of 2000 and 2001, his picks outperformed the major market averages. Educated in England, Canada and the U.S. and fluent in several languages, Karim travels the world to find the best investment opportunities for our members.
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