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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (78772)8/29/2011 10:10:19 PM
From: 2MAR$1 Recommendation  Respond to of 217737
 
Have been a buyer of alof junk since last week ....noting TOL holding last week on earnings became a shareholder of a homebuilder for the 1rst time in.? lol... When you see this near term bottoming there's always the tail in buys that come bouncing in after they runn up the usual suspects ... when TOL holds then GM is going to go to ....the last of the dregs , lol...esp after this big oversold BAC move .

There's what i call the "usual suspects" they'll go after first for portfolio looks (1rst string traders back next week) and wouldn't you know that Tiffany blew past ests this last week again guiding higher <g

Usual Suspects list:
finance.yahoo.com

here's where they'll all start running into R now though , imo ...AMZN R here at $206 & just above $210 for instance ....MA ran into top R too that was shortable (near $338) . Outlook isn't that good for these to go higher now yet...but they were the easy longs ..add to the list if you like ;o)

Best little bottom feeding play was MWA , water infrastructure play that David Tepper bought 6% of back in Feb/march which was a little ill timed ....just tagged a long & near term bottom at $2 said what the hell and got in around there .

* Check out the action on PANL , we've been playing for last 2wks ..




To: Hawkmoon who wrote (78772)8/30/2011 11:02:07 AM
From: TobagoJack  Read Replies (1) | Respond to of 217737
 
Hello hm, tonight's report:

Bought GDX at USD 62.44
Short Puts, Dec 11, strike 60 at USD 3.60
Short Covered Calls, Dec 11, strike 65 at USD 3.60

Bought GDXJ at USD 36.60
Short Puts Nov 11, strike 36 at USD 2.95
Short Covered Calls Nov 11, strike 38 at USD 2.50.

The trades were done at 1/3 of size I am willing to build up to, meaning assuming I am put the additional shares per puts shorted here, I am willing to do the cloud-ATM trades twice more and end up w/ 6x the gdx & gdxj I bought here.

I am figuring
(i) the monetary, economic, financial, geopolitical, political, and real world is as messed up as ever
(ii) no good news
(iii) bernanke was astute to have held back monetary deluge, until the call of duty, maybe later in September
(iv) Obama may say something bold in early September, or not, and
The market may boom or kaboom
(v) whatever may or may not happen to the market, the real economy is getting worse, so bernanke may do something bold, or not, and
The market may boom or kaboom
(vi) whatever else may happen, gold shares are cheap relative to gold, and gold metal has already done its duty for 2011, but gold shares fell down on the job for this year
(vii) at some point we must leverage to getgold, or we getleveragedgold.

Cheers, tj