The market has decided to go down today because of the bad durable goods number and more bad earnings from companies from the good ones. Small cap stocks had the biggest hit today. Those stocks had pieced thru its 50-days MA, it is an automatically sell for, and tremedous volume has picked up by them as well.
UP:
ESRX 70.61 +8.54 (vol +400%)
MRGE 20.90 +1.78 (vol +500%)
OPWV 17.53 +2.25 (vol +400%)
DOWN:
DRIV 27.03 -10.45 (vol +1000%)
CBI 21.95 -7.77 (vol +900%)
KCI 44.75 -11.25 (vol +900%)
Market Breath: (up to down is about 2:1 for both NYSE & Nasdaq to the negative)
MRGE has gathered a lot of strength even with today's down market. Call option on this one looks very cheap as compared to the stock. I placed the Dec 20 call around noon time. Its premium is only $0.65 more than the stock price, I think it will go up at least another few dollars. It can give you 200% return in a one month span. It is a buy for call right now.
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