Its Not All Roses, Just Mostly

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January 27, 2011

It was a good day with the calls in both $SLW and $ABX that was purchased yesterday netting a quick 29% and 30% each. Had I not sold pre-fed announcement these both ran to R4. I sold at R2. The calls jumped an additional 30% more. Oh well can’t complain. Point is the boomers worked as usual..that is what I call that particular scan that found those two. It actually highlighted manyyyyy gold and silver stocks. I just chose those two.

Glad I dumped the index trades yesterday as the RUT plowed higher today. Market is getting into that rare air I talked about before capping the month off on a high note which was another thing I suspected. February is BBC > bigtime be careful.

Still seeing about even on the breadth indicators. I’m still long halfs in the solars and URZ broke out so nice today.

ABX

SLW

URZ

With all this bragging, I’ll say I’m down on JASO -8%.

I’ve been trading fairly inactively this month as its been very back and forth. I’m also involved in several offline projects that has kept me extremely busy. However, my trading production has gone up as I do less. I’ve been trying to stick to primo setups only.




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