BCSI - Going Long

Tuesday morning (4/13/10) Update:   I opened a position on the May 30 in the money calls this morning.  On a side note, 1/2 of my position in Home Depot May 33 calls was closed out this morning for about a 100% gain.  I am going to let the remaining position ride for the next few weeks to see where it takes me.  Of course, if I see the stock stall, I might take profits since time decay will start eroding the option value in earnest soon.

Monday's post:
BCSI has been a pretty solid company on fundamentals. The weekly stock chart is looking pretty good.  We could have a nice run to 42 or 45 before long.  I am considering buying the in-the-money May $30 calls tomorrow around $3.00 (they will be $2.00 in the money).  I think they will be better than the out of money $35 calls.  Although the risk of losing a bit more money is higher.  I hope we get a small dip tomorrow morning when I can establish the position. The stock is starting to move up on increasing volume.