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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 380.060.0%4:00 PM EST

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To: TobagoJack who wrote (6980)6/6/2006 1:04:35 AM
From: energyplay  Read Replies (1) of 218012
 
I'm taking about 4% positions in Vermillion, Advantage and Peyto.
Almost nothing else looks strong, and with the carry trades still unwinding, I expect the market to be lousy for a while.

I plan on using about an equal amount of cash to buy in August / September.

I expect I will put a stop under the positions down a point or two. The stop will sell about 70% of each position. I plan to move the stop up as the stock moves.

I expect we might get a sharp drop at some point, and I will want to protect profits.

About the only things I feel good about are one bear fund, BEARX - but that has a lot of metal miners.

I feel good about my puts on homebuilders LEN and BZH.
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