Closed all longs and opened some shorts

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.

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