The Market Magic Report realizes we said to wait until the S&P breaks above 1100 to buy, but we are retracting that and giving you another option. We beleive it is still a buy situation and pulling the trigger is not the wrong thing to do.The other option is to wait until the correction we believe the market will have sometime next year. Basically when the US Dollar starts to recover from it's bear run. This market correction should be a 10 to 20 percent pullback.
MMP also believes that you can not go wrong either way. Maybe the best thing to do is buy now and cover them during the correction next year with PUT options.
One important thing to remember about trading options, that we forgot to mention in the last issue, is always choose options with plenty of open interest in that options chain. If there is no open interest it will make it very hard for you to get out of the trade when the time comes.
As we all know to buy stock, there has to be someone out there willing to sell you there stock. It is the same with options, but because thee are so many choices in options you need to make sure there is interest in the option you wish to buy, or it will be almost impossible to get out of the trade.
MMP does have four more stock referrals to add to the twelve we gave you in the first issue; CHU - China Unicom, LTD, CNI - Canadian National Railway, WMT - Walmart, MCD - McDonalds.
This brings the total number of referred stocks by MMP to sixteen stocks. Please do your own research and determine which ones your like the most. Another play could be to just buy the US Dollar since it has been beaten down pretty good.
MMP received a question the other day. Well more of a request which we thought might be a fun idea. The question was if I gave you $10,000 how would MMP invest it?
Well here is the first MMP portfolio and we will call it the 'Working Mans Portfolio'. We hope this will help some of you. We will show every movement to this portfolio but do not expect MMP to sell any of the stock anytime soon. But every option trade will be shown here at the time of the trade and we will keep track of every penny right down to trade fees.
The goal of MMP is to please and inform our readers and hopefully make the financial side of your life more secure. Financial stress is probably the leader for causing health problems today. So let's avoid all that and become financially secure together.
Please remember that MMP is just a source of information for the investor and suggests that you consult a professional advisor before entering the stock market or any other type of investment.




