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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: jils7/25/2006 9:23:57 AM
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WELCOME back CC....while you were gone i turned into a perma-bear, at least with my approach to the trading part of my energy portfolio.

gonna sell and/or hedge all the spikes and ONLY buy the extreme oversold readings. with the bounce yesterday and the expected one today - i will be selling some calls against 1/3 positions in ESV and PTEN.

still holding LT positions in the usual suspects and will add to those as opportunities arise.

good to see a healthy pre-market.

joe
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