That's good to have sold those options! You may want to consider
selling some covered calls for November at the 55 or 60 strike
as you may still be able to keep the stock after expiration.
The 50 call will be in the money by November easy, so unless
you really want to get called out of Adobe, I would not suggest it.
If I ever get called out of a stock I really like, I usually buy
it right back again! I usually go as out of the money in strike
as high as possible while still getting $1 per option share minimum
if I don't want to sell.
Other companies I love right now are: Orbital Sciences (ORBI),
Harley Davidson, Lockheed Martin, Walt Disney, and Home Depot...
Orbital makes about $142 in revenue per quarter, but it has $3 billion
in order backlog! It just broke the all time high for the first
time today! It's a hell of a company that is just at the forefront
of it's growth stock phase after being a R&D company for many years.
Harley also has tremendous backlog and I love stocks that have more
orders than they are able to fill! Iomega was once a great candidate
for this a few years ago, but it's too late for the BIG moves there.
In addition to Adobe, Walt Disney announced after the ABC purchase
it was going to buy 105 million shares back! This is the biggest
buy back plan that I have ever seen! I love stocks that buy back
stocks. Even Kellogg's buys back a tremendous amount of it's shares!
Lockheed Martin is at about a 15PE with great prospects! Orbital
and Lockheed are at the beginning of a strong sector growth phase
as communications and mulimedia grow more dependent on satellite
transmissions. Also the space age in the next 10 years will be like
the tech stocks were in the 80's and 90's with growth.
Home Depot, owner of more than 400 stores nationwide, announced
last year it would open 100 more stores yearly for at least the next five years. An excellent growth pick here! Walmart now has about
2000 total stores as an example, so Home Depot has a lot of room
to grow! $1600 invested in Walmart at the IPO in 1972 is worth
over $6 million dollars today! It's amazing...
Overall, ORBI, ADBE, and HDI are my favorites right now!!!
I think ORBI and ADBE will both be over $100 per share this time
next year!!! HDI, which just split, will be back to $60 very
shortly..... These stocks have a LARGE demand for their products...
Angelo |
