What Worked Today 21007

Home / Stock Comments / What Worked Today 21007
February 10, 2007

I’ve been short index funds, but failed to post about it. However, I was did post about the March 45 QQQQ puts. They finished the day with a 34% profit, however I only got 23% of it. It doesn’t suck.

Made a couple of day trades today.

HANS +1% still holding, GOAM 3% sold(wish I still held), and bought LMRA  +1% still holding.

GSS continued its move higer as well as NXG.

I decided to CUT my VPHM position in half today as a safety net. I nailed greater than 35% profit on it and I want to let those profits do the work from here and use the extra cash for something else.

Next week we are sure to see volatility, so thats why I’m quick on the trigger. I’ve been barking about the gold trade for a few weeks now. NXG clicked some good swing trade signals today on the weekly chart and the daily looks good as well without being overbought. GSS saw its best volume since October.




Related Posts

Went To 99% Cash Except For GFI Calls
Gold Stocks, Solar Stocks, Technical Analysis, Trades
I decided to cut everything. The SOL, JASO, SOLR, and anything else I had, which wasn’t much because I sold half of everything earlier in the...
I Am Early
Market Comments
I talked about looking for the this kind of bounce on May 23rd. With the futures up overnight it looks the market might string together a 2 day run....
Now It Gets Tricky
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
Dumb luck catching all these moves right? Now it gets tricky. For the record I sold the MT calls this morning for 44% and closed my 2x index longs...
Silver and Gold Broke Out
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
Silver and gold broke out. The charts have been saying this was coming. However, the issues with the Euro are probably what is really pushing this...