The stock market is right on schedule.
I know I've said this a million or so times, but I'll say it again. The Dow will reach 7,500 by Oct 30. After that date I have to say I'm clueless! I can't say I've thought about it either though.
Here is my current portfolio:
Short:
MU - Absolute loser that I have a LARGE short position in(still). $8 is absolute maximum people should be paying for this.
CMLS - Will debts send this to a death spiral?
COVERED: INTC, LAMR, CGNX - these are losers except for INTC which is simply overvalued, but MU and CMLS are bigger losers so I will stick with them. I will reopen my short positions on them only in the event of a major rally. Price target for INTC is $10.
Long:
VLO - gasoline prices are stuck in a medium/high profit range because of gasoline imports.
BEAV - This one didn't get beaten down, it got slammed down extremely hard, yet is quite profitable.
HGMCY - The only good gold stock out there. It is an absolute steal at current levels.
SOLD!: MDCI(up more than 100%), AVNT(I sold 75% @ 17 and 25% @ 4.25), SPP(recession will keep it down), and whatever other stocks I had on my long list before.
Watch list:
Short FNM
Long in order of best to worst: AH, STW, CRN, CX, SRZ, MIMS |
