Was just reviewing the bank stocks. I feel smug about suggesting that Bank America was headed to a hat size when it traded at $14. Did I follow my advice? Nah. Short 100 shares? 1000? Nope. Put a $1000 into puts? Nada. Idiot. I checked …
This market is way oversold. But I am waiting. For now, cash is king. Sold PALM; when you get 38% in three days, sell Stopped out of FCXprM and JNK. These were two of my great ideas to participate in rising copper and gold prices …
Asia up modestly. Early Tuesday trade: Australia and Japan now off 3%+ and Korea off 2.5% and counting. Even Korea, about which I worried yesterday, in the face of purported “weaponized” plutonium by North Korea, up over 1%. As suggested last week, Spain looses its …
Last week I was concerned that the Obama (why do I always want spell it O’Bama?) glow was peaking. And I worried that this may have an impact on markets. There was some evidence for my concern: Majority Leader Reid’s comment , “I don’t work …
Found this on thekirkreport.com: http://kirkreport.com/tkr/Fp6yBa This will take some study but first glance is not encouraging.
A “normal” options expiration day with the Dow as high as 8340, low of 8109 and closing at 8280, up 68. Advancing issues led decliners 2:1 on moderate volume, so the internals were petty good. Banks continue to get crushed. BAC down yet another improbable …
It is options expiration day, no trading for me. The volatility is too difficult to judge. Don’t-let the-door-hit-you-on-your-way-out: saying goodbye to Bush is a catharsis. Knowing he and Cheney are within days of departing the Capitol almost makes me giddy. Bush continues to be lauded …
Well, we got it. Not much of a bounce but I’ll take it. The market didn’t close on its high but what can one expect? Covered my inverse ETFs (SDS. SKF) in the nick of time but missed the best tick. Took a dose of …
Am still interested in Palm (PALM) because of its new Pre smart phone. Not available for a couple of months it looks like a winner. The question then will be if anyone can afford it. Doubt that many will be giving up their cell phones …
Last night I played cards at my Wednesday night poker match. There are seven of us and we always seem to have a good time. Sadly, I am usually a modest looser and last night was no different. Lost $8. A couple of my friends …