I closed all my longs and opened starter position shorts on GOOG, AAPL, PCLN, BIDU, and AMZN. Looking and hoping we gap up friday so i can add to these positions. December 5th is a key turning point and most of the recent rally is short covering.
I do believe there are some companies to own out there like RIG , but it will be an easier entry in the future. I may look to sell covered puts if we chop around for a couple of weeks.
Thursday, December 1, 2011
Wednesday, November 30, 2011
The TLT
I would look to be short the TLT for the next 6 months. It would be good to buy the TBT here at $19.50 and sell the June $30 covered calls. I know the calls aren't worth much but that is where i think the TBT will be in june.
With all the Fees and expenses if it even makes it to $30 i will be surprised.
RIG could double in 2012
Get into cash this Friday Monday December 5th is a key turning point
With all the Fees and expenses if it even makes it to $30 i will be surprised.
RIG could double in 2012
Get into cash this Friday Monday December 5th is a key turning point
Subscribe to:
Posts (Atom)