It wasn’t a week ago that the dry shipping stocks got crushed and appeared to be breaking down to move even lower. However, this week, and mostly because of today’s price action, all of these stocks are moving higher in a large way.

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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. [...]

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AEO - American Eagle Outfitters. I liked AEO when it traded on the Nasdaq back under symbol AEOS in December 2005. I like it again. We are basically at the same levels as that time and American Eagle ran up about 300% from my buy point.
RIMM - I love it here. they had ridiculous [...]

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This is delayed because my internet was down.
Being cash worked yesterday as the market couldn’t hang onto any of its big up open gains. The volatility has been insane this entire month, but especially this week.
DRYS - Nothin off that trade. Closed at my buy. Afterhours closed up to 57.
TBSI - Closed on its highs. [...]

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Yes something worked! Being long the RUT. I had cut my NDX portion from Friday, I see I forgot to mention that. Got a little bit back there. Still long the RUT, and might buy the NDX tomorrow if we see the beginnings of a bounce tomorrow morning.
DSX - I dropped the DSX options for [...]

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Being long the indexes didn’t work today. The RUT took a beating, but I’m expecting an end to this slide tomorrow morning at 8:30am when the jobs report comes out.
BPHX - Owned and sold it yesterday, the stock popped back higher today more than 8%. Like I said yesterday I should have held on. I [...]

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Being long. I called it yesterday in the comments of this post. I bought the dip yesterday nicely. I bought the ndx in my 2x funds, the qld which is 2x, CSCO calls, and QQQQ calls were all profitable. 8% in the NDX today for 2x funds. I’ve never seen a closing move that large [...]

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