Note: This was supposed to be posted late last night….
When I said, “I also like GLD here and may be picking some up. Fuck it, forget the GLD and go for the double gold ETN DGP.,” I wasn’t kidding. DGP is up 31% since that comment.
Now Cramer mentioned Gold tonight as a reco to all [...]

• Comments

Picked up some EXM and CALM this morning.
EXM has a PE of < 4 and a dividend payout of 6.82%
CALM has a PE of < 5 and a dividend payout of 3.32%
Both stocks also have considerable price appreciation potential. I say this because if you look at their charts they can tend to run.
EXM Chart

• Comments

Did we get a signal today that the US dollar is ready to rally? Commodities got slobber knocked. Steel, coal, shipping stocks, ag stocks, oil and oil stocks as well as alternative energy stocks, you NAME the stock it got crushed today. However, the financials held up.
Commodities go down, dollar goes up and with the [...]

• Comments

Took 30%ish or more on the ACI and BTU calls. Very nice 1 day bounce there.
Still holding the CVX calls, but considering dumping those taking the small loss and being happy with the big gains in the coal stocks.
Went short with QID and upped my index fund short position this morning. Just sold QID though [...]

• Comments

Everything was working today.
CPST broke out today on very big volume to another record 52 week high. If you’ve been reading SR since September of 2007 you know I like this stock.

The indexes had a great day today. 3.6% for the RUT and another 3.6%ish for the NDX. Nice.
My QQQQ calls which had their premium [...]

• Comments

Worked:
Being short. Grabbed the profits this morning. I remained in cash and will look to get long tomorrow morning if the selling continues. Maybe if NDX touches 1765 or so.
CPST - New closing 52 week high today. CPST is a long and strong trender as well.
DAR - Inched higher.
POWI - Bought it today. POWI broke [...]

• Comments