Sold YGE @ 7.09
Bought @ 4.35 10-29-08
63% on the open…chooochooo.
PS I’m still long the index funds…which I’m slowly getting my money back on. I still need more upside. Like 1000 spx will be nice to see.

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It sure sounds like it when you read the comments from this post. Its a sign that sentiment is worse. I posted earlier today that “Today’s Market Action Will Cause A Level of Apathy Not Seen Since The Great Flood” @ 12:24 pm. The COMPX was trading @ 1716 and ended @ 1633. There is [...]

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Well sort of. I’m long from October 3rd in the leveraged mutual funds which has been well documented already, and today was a part of the massive comeback that I knew was coming. Eventually this trade will become profitable and I’m guessing by this Friday’s close or the next or the next one after that [...]

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I’m getting rolled over today in my position. Going long at the exact wrong time, but I’m not done. I’ve just lost profits and with today’s down move I’m cutting into core money now. I feel terrible for anyone caught in this - including me.
If there are any stock bloggers that are quitting, it may [...]

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Fed buying commercial paper.
Its the Fed, the world, the PPT and they are about to rip the short’s face off.
If you didn’t cover yesterday, and you decided to go against me and these signals overnight because you thought BAC still matters to the markets. You are fatally flawed. Today’s move will likely make the Friday [...]

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Title says it all. Picked up some DXD (small position) to make some money if we do see a print of Dow -500. In @ 62.89.

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Well the bailout draft is likely coming today. I can’t see it NOT coming today. The government simply won’t allow a crash to happen. There is way to much to risk to not throw a $700 billion band aid at this. Plus, the government has endless money and until you understand where that comes from, [...]

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I decided to put an index short on at the close in both the RUT and NDX. I’m looking for an extra volatile day tomorrow starting with, hopefully, a gap open lower and then a move lower after that. However, by the end of the day maybe a hammer candlestick. As long as I get [...]

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Goldman Sachs is right now trading @ 106.8 and Fast Money’s Joe Terranova is puking on his shoes because he bought it up around where I posted this chart back on August 14th giving you the heads up. Joe and any other GS lover who got fleeced into thinking they are the golden lamb of [...]

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Well the indexes continued to move higher and significantly so today for my two favorites - the NDX and RUT. 1.5% for NDX and 4.5% for the RUT. The RUT / small caps continue to exhibit strength over other indexes. I didn’t participate in it though today because I thought we might selloff. Wrong.
The things [...]

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As I sit here and watch another challenger fall into the water on Ninja Warrior, I’m thinking about two items I need to post.
1. I wrote this afternoon that, “I’m positioned heavy in the index long mutual funds and am loaded up on QLD and EWM.” I made a typo with EWM (thats the Malaysia [...]

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I moved some money to an index long position. Its a very very lite position.
I’ve already bitched about PWAV breaking out and how I called it and traded it, but didn’t stay in long enough for it to materialize. So this time I’m going to post about some other stocks that may breakout or continue [...]

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RUT gave us longs 7.36% with the UWM giving out even more @ 7.73%. The NDX gave us 5% while the QLD gave out 4.78%.
If you’re new to my site, I’ve been long since Friday.
Today I trimmed back my index longs in the mutual funds (because the timing I have to trade them is only [...]

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I’m in the process of updating my watchlist with new picks. I actually was doing this last night, but like I said I didn’t get to finish everything because of being tired in an earlier post referencing playing 9 basketball games and me having the cardio of a student in Richard Simmons beginner class (thats [...]

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Market moving very well right now. Financials got a wee boost from NTRS and WFC today (if you don’t know those symbols look em up because its part of your job). Oil has cracked for the time being. The action I saw in the DUG yesterday was telling. However, I did not post about it [...]

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