Hello Friday, 

Today, we are looking at a market that is pretty much neutral going into the morning session, but I think we can find some nice opportunities. Yesterday, I recommended an Overnight Trade in Lasalle Hotel Properties (LHO). We got into the stock at 3:30 PM yesterday at 19.70. The stock looks to be opening a bit downwards despite beating estimates for the quarter and full year. The company reported an EPS of 0.25 vs. the expected 0.24. I am going to wait just a bit on the open before selling to see if we can get a little movement upwards. That means I will risk taking a slight loss; however, if the market starts to rally, it will probably move LHO up with it.

But, what is on our plate for today…

 

Buy Pick of the Day: Ultrashort Proshares Oil and Gas ETF (DUG)

Analysis: IN PROGRESS

Entry: We are looking to get involved with DUG at 13.10 – 13.20.

Exit: 2-4% on top of entry price.

Stop Loss: 3% on bottom of entry.

 

Short Sale of the Day: AXA (AXA)

Analysis: IN PROGRESS

Entry: We are looking to get involved at 19.85 – 19.95. 

Exit: 2-3% below entry price.

Stop Buy: 3% on top of entry.

 

Good Investing,

David Ristau