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16 Apr
Posted by Sensei @ 8:49 am on Wednesday, April 16th, 2008 in Alternative Energy, Leveraged Funds, Market Comments, Stock Comments, Trades
Sold:
DRYS calls @ 2.65 for a 47% gain overnight. I sold early, because this really is going to 80, but my indicators show very overbought, however, overbought is a sign of strength so its always a tug of what to do.
Dryshippers are going nuts today. EXM, TBSI, DRYS, GNK, DSX
Bought:
PBW - Clean energy wilderhill ETF. Solars are going nuts today and the PBW is an easy play for my IRA.
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I also forgot to mention that I did go back in long yesterday at the close for the indexes. I tend to forget what I do on the day when I post very late like yesterday. I didn’t go heavy, but I did go in halfway. On the backs of INTC and JPM and some tame inflation data, the market is acting like we bottomed.
INTC is up 6 f’n percent! Its back on a buy and again, wish I didn’t sell it. Maybe now INTC will officially trend.
JOYG is looking good with new 52 w highs.
Yesterdays KOL (Coal etf) purchase is upping again 4% and near new highs.
Can’t forget about my precious CPST. New 52s to 2.83 up about 5%.
RUT up 4.8% this morning, and NDX up 4%. Very nice overnight trades that were not expected to yield this much. I held on though and the gains might not stick eod, but this price action is very good for a turn in the market. We need to hold above the 12500 level on the Dow30 and 700 level on the RUT.
Tags: call-options, drys, dsx, exm, gnk, intc, joyg, kol, ndx, pbw, rut, tbsi
2 Responses
Sia
April 16th, 2008 at 9:05 am
1Bought some SEED hoping for a huge move like FEED. What IS up with EXM? The only news I see is from yesterday and that is regarding the deal to buy qmar. Looks like my seed is going to poop instead.
Sensei
April 16th, 2008 at 4:20 pm
2You can see I posted about FEED and added to the list on the right on 3-6-08. So far good for 51%. I’m really typing this as a reminder to buy everything I find, because so many of the stocks I write about here rocket and I just don’t have enough manpower/funds to watch/buy them all :). I don’t maintain that list anymore though, but note CLF call too. GEEZ!!! JRCC, ACI, man.
The market timing thing distracts me too, but back to your point.
EXM is cheap! The deal was announced awhile back it just closed. QMAR was super cheap and EXM got a steal when they bought them. The other big player is DRYS and you can see that TBSI was up 10% today probably because they might be next inline to be scooped up. DRYS and TBSI are my favorites, with EXM rounding out my top 3. QMAR used to be my number 3, but now that the acquisition is behind them, EXM can run again.
SEED is a sad story I haven’t revisited for quite awhile. Longer term charts look like ass, but its always open to a huge 1 day move. In fact the daily chart for SEED shows some nice consolidation and its probably going to pop sooner rather than later.
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