Friday, June 6, 2008
Trade Alert: DUG
DUG may be trying to doubble bottom here. We want to see if it can hold this 26 area. If it can we will wait until it breaks its 8 day EMA f...
Thursday, June 5, 2008
Alert: DUG OIL UGA
Instead of geting killed by selling DUG only to watch it go up again tomorrow, buy 1/2 position of OIL and buy a 1/2 position of UGA. Buy 50...
Trade Update: DUG
If there's anything to a name, then the UltraShort Oil & Gas ProShares trades inversely to oil and natural gas. Take a look at OIL i...
Wednesday, June 4, 2008
Alert: DUG
If you can short OIL or USO go for it, otherwise we will add to our 1/2 position DUG. Buy 50 shares DUG @ 30.16.
Randomness on Lehman Brothers and Gold
After the downgrade of Lehman Brothers yesterday by S&P it seems like a perfect time to buy. The only problem is that down in the option...
Morgan Merrill and Lehman get Cut Down
The market reacted in the knee jerk fashion you'd expect to the S&P downgrade of big banks Morgan Stanley, Merrill Lynch and Lehman ...
Alert: XLF
We are going to cover our 1/2 position in XLF as it seems unwilling to breakdown below 24 support. Buy to cover 50 shares XLF @ 24.23
Trade Alert: IAU GLD
With the Federal Reserve Chairman Ben S. Bernanke signaled he's done rigging the interest rates lower for the immediate future we will e...
Tuesday, June 3, 2008
Alert: LEH
There was a reversal candal stick on leh.I think they will try to turn it around. don't know which way it will break until new lows are ...
Monday, June 2, 2008
Alert: LEH
The short squeeze is done and the options traders are looking smart as Lehman Brothers is breaking down. Short it! one full position. Sell s...
Friday, May 30, 2008
Trade Update: LEH
We were stopped out of our Lehman Brothers short yesterday. Despite the obvious fundamental failings of Lehman which include the most expen...
Thursday, May 29, 2008
Offered Up
When the shotgun wedding of Bank of America and Countrywide was announced the most reviled CEO since Ken Lay Angelo Mozilo, placed his right...
Wednesday, May 28, 2008
Caught
Barclays Plc, has been running in full stride, but today the credit crisis ran them down. Despite reporting positive earnings for it's f...
Tuesday, May 27, 2008
Gutted
Bear Stearns was gutted from within. The take down from the board room could not have been more v icious if done with a straight razor in a...
Monday, May 26, 2008
Bears Prowling for Lehman
It’s deja vu all over again as again the bears are all over the scent of Lehman Brothers’ blood. Back in March, just after Bear Stearns was...
Saturday, May 24, 2008
Sleight of Hand
The Bull Sh!t keeps getting deeper as the bankers, CEOs and the government they own continue to bury us in it. Beyond the Kudlows , Jim “Be...
Friday, May 23, 2008
Alert: LEH
The put volatility on Lehman Brothers is picking up. I will do a follow up on this over the weekend, but the Bear may be back on the prowl....
Hardest Hit
Among the financial giants teetering from credit crunch three large letters say “hardest hit” — UBS. The Swiss bank has taken a staggering ...
Thursday, May 22, 2008
Volume is a Traders Best Friend
When you put the breaks on in your car does it stop immediately right on the spot or does it cover some more ground be fore coming to a stop...
Alert: DUG
Take a 1/2 position in DUG Buy 50 shares DUG @ 27.32. Stop @ 25.00 Oil is rolling over a bit. Is it a head fake? I dunno, but if it is we wi...
Wednesday, May 21, 2008
Alert: IAU
12:45-- Bought 100 shares IAU @ 91.47 Cover IAU and go long a full position IAU Buy to cover 100 shares IAU @ 91.55, then Buy long 100 shar...
Trade Alert: SLVUpdate:
We were stopped out of our short on SLV yesterday at $171.00 as the metals and oil surged. We will try to enter back into SLV. This time of...
Trade Alert: GLD IAU
We are long GLD and short IAU as a hedge. IAU broke the 100 dma after putting in a double bottom near 85 earlier this month. Let cover our ...
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