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Tuesday, September 14, 2010

To FedEx or Not to FedEx

I think FedEx may present a good opportunity.   I think 93 to 95 to the upside and 75 to the downside are potential targets.  The question is whether that can happen in one day or should this be played with Oct options (which almost doubles the break even point to around 7 and change rather than 3 and change - but it does give us almost 30 more days for the scenario to play out).  Still pondering what to do... Got all of tomorrow to decide since earnings will be announced on Thursday morning before the open (I generally take that as a bullish sign.  It would be interesting to see if there is a correlation between reporting earnings before open and having a good report vs reporting after market close and maybe not as good a report).

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