Being Long. I forgot to post that yesterday when I posted I got out of my shorts. I was only lightly long and got more long today in the 2x funds and UWM/QLD.
ONT - bounced back with some ferocity today. I do expect the stock to pull back sometime maybe next week or thereafter. Up [...]

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Being Long. Took a 3% loss in the funds, but the good news is that I was short for the big drop on 2-27-07. I know some people out there are in alot more pain than I am, but it does feel good that I’m not as badly beat up. Flipped the losing fund trade [...]

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Near the close I went short with index funds. The market looks very oversold at this point in the correction, but as we all know it can always get more oversold at certain times. I think we might be seeing “one of those times.”

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Being Short!
The 2x index funds produced an 8% return. I managed to snag 57% on my put options from yesterday. I can’t complain about 57%, even though I left another 75% on the table. The indexes got slaughtered today and all the little momo stocks got absolutely crushed. 10-15% down all over my watchlists.
I checked [...]

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The market is TANKING today! The good thing is that I’m short for it. Heavy short in fact. I sold the options early this morning, but still nailed 57% and missed out another 75% gain there as the puts gained a total of 127%! Moreoever, the index funds are cooking today and racking up big [...]

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Looking for the market to selloff today. I would take the opportunity to dump some tech if you have big profits and look to buy it back.
I’m still looking to buy the unloved sectors right now. Mining, Energy, Oil, Oil Services etc.

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I sold my COGO position this morning at 14.33 for a 19%+ gain. I will look to buy it back on a pullback.

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I think today on September 11, 2006 the market will come back and rally. There will be alot of speeches, there is coverage on every news station all day commemorating the event. This morning is the mourning part and the word from Dell that they are delaying their 10Q sent the markets lower. Big Deal! [...]

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At this mornings Rydex price I added to my long position put on yesterday. If the NDX ends UP today, I want to be short eod (maybe).

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I bought up some COGO, Comtech Group Inc. today at 12.03. The chart looks red hot.
*Go here: http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp
Check out the institutional ownership and look at last quarters reported numbers.

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Watch out for what the market does at 12 when Fed Chariman Bernake makes a speech from Greenville, SC.
It may not move the markets at all.

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I decided to take 1.5% gain in the rydex longs this morning at the 10:45 pricing. I can’t tell whether or not I want to be long or short going forward.

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…I’m staying long. The pennants might be setup on the dow after today as well as the R2k.

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I like the chart for STZ, Constellation Brands, Inc. –they sell liquor amongst other things. Check out it, let me know what you think. I like STZ if the market goes down hard into October-November. Seems like a good play if recession

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I moved the shorts this morning to cash and took the 1% profit. I can’t decided whether or not I should be short or long the R2k for Monday.
If I see an up day Monday at the close I will want to short it.

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