I don’t know how I started getting emails from Chris Johnson of the OptionsZone, but they have been somewhat useful. I don’t go for options investing because I don’t like the commissions on options (that’s the Cheap part of the blog name asserting itself there) and they are more work than my usual limit buy/sell approach (and there’s the Lazy part). However, options trading is still based on homework, and I much prefer it when someone else does a bunch of it for me for free (Cheap and Lazy together). As a teaser he sent me a doubler a day email series for a week. I did not double anything, but, to be totally fair, he meant on the options. I did buy ADTN for my virtual portfolio at Wall Street Survivor and made a quick 20%. I also bought MCD in my WSS portfolio when Johnson said to buy the option, and am just now getting to profit on it. But I bought it for my real-world portfolio a few days later when the price dropped (where Johnson said it would go up) and am already up 10%.
Anyway, I mention all this because every other day I get a last chance email from Johnson, and today’s included the promise to give me a trade on TD if I subscribe today. Not sure how dumb someone has to be to think they are getting something for free by paying for the service that provides it, but it did give me a lead on TD. They are trading today $7.41 over the 1 year target, so it will go on the watch list until the price comes down or the target goes up.
Tags: The Toronto-Dominion Bank (TD)