MITK/GEVO - Both took a dive today but for GEVO it was like the second barrel out of a shotgun. I hold GEVO (small position). No use giving it away now as I see it but not buying more.
sold short 4 FCX Oct 38 strike puts for $1.20 since I let my previous shares get called away. If FCX goes back to the low 30's I'll pick up another 200-400 shares and try to sell covered calls again. This one is a long term hold for me.
I was busy first thing this morn so I actually didn't get a chance to buy PHM until after the negative housing data. Bot 500 shares at 15.23, sell order for half at 16.23 and a stop for the whole thing at 14.23.
bot my 4 USO Oct 38 strike calls back at .09 that I had sold at .56. I'm still long the Jan 35 calls. This position is under by $400 so far with another $656 at risk if the calls expire worthless. Noodlin over this one. I would think we would get a bounce.
Bot 2 aapl Dec 670 calls for 39.225 that's now down $520. I'll give this one some more room but I won't hold it long. I've never seen so much negative AAPL news. I was all happy with it when I left for an afternoon meeting, got back after the close and saw it was down.
"Be careful with your attributions, David. That wasn't Cara talking."
It sounded so much like Bill, that I didn't even check carefully who wrote it. :) But if it was Geoff, then I feel even better, because he is much more objective than Bill...
Despite the fact that $USD is now noticeably higher that it was on September 14, silver has returned today to exactly the same level where it was on that day, while gold is now even higher than it was back then. This shows a great strength in precious metals and suggests that when the current $USD rally is over, they will stage another strong rally.
BAC closed @ 9.0x EZU closed @ 30.8x FXI closed @ 34.7x CAF closed @ 8.50 (closed that one first early this morning, as I know how this fund 'acts-' take it when you have it) TBT closed @ 15.5x DAL closed @ 9.2x
RYEUX will close end of day (with a nod to t3d> Fido confirmed there will be 'no fee' to close)
David - I've been watching the coals closely. ANR, KOL showing H&S bottom. ACI, BTU showing awesome rounded bottom and the right side being formed (I.e., higher lows and highs).
In addition to US nat gas, BTU has a large dependency on China, and as long as the Chinese crisis persists, BTU will lag other coals. On the other hand, if Chinese announce another QE and the companies start stocking up on coal again, then BTU will outperform the US coals...
Be careful with your attributions, David. That wasn't Cara talking.
ReplyDeleteAlthough he wouldn't disagree.
DeleteYeah, it was Geoff. Probably better on technicals.
ReplyDeleteMITK/GEVO - Both took a dive today but for GEVO it was like the second barrel out of a shotgun. I hold GEVO (small position). No use giving it away now as I see it but not buying more.
ReplyDeletesold short 4 FCX Oct 38 strike puts for $1.20 since I let my previous shares get called away. If FCX goes back to the low 30's I'll pick up another 200-400 shares and try to sell covered calls again. This one is a long term hold for me.
ReplyDeleteI was busy first thing this morn so I actually didn't get a chance to buy PHM until after the negative housing data. Bot 500 shares at 15.23, sell order for half at 16.23 and a stop for the whole thing at 14.23.
bot my 4 USO Oct 38 strike calls back at .09 that I had sold at .56. I'm still long the Jan 35 calls. This position is under by $400 so far with another $656 at risk if the calls expire worthless. Noodlin over this one. I would think we would get a bounce.
Bot 2 aapl Dec 670 calls for 39.225 that's now down $520. I'll give this one some more room but I won't hold it long. I've never seen so much negative AAPL news. I was all happy with it when I left for an afternoon meeting, got back after the close and saw it was down.
Geoff's dollar chart looks like an H$S setting up.
ReplyDeleteNG - Time to short this one, maybe?
ReplyDeleteIMAX - Must be news from China. Love you long time, $20!
ReplyDeleteMITK - Potential entry beneath the trend line.
ReplyDelete"Be careful with your attributions, David. That wasn't Cara talking."
ReplyDeleteIt sounded so much like Bill, that I didn't even check carefully who wrote it. :) But if it was Geoff, then I feel even better, because he is much more objective than Bill...
Unreal, WTF!
ReplyDeleteDespite the fact that $USD is now noticeably higher that it was on September 14, silver has returned today to exactly the same level where it was on that day, while gold is now even higher than it was back then. This shows a great strength in precious metals and suggests that when the current $USD rally is over, they will stage another strong rally.
ReplyDeleteBooo!
ReplyDeleteBAC closed @ 9.0x
ReplyDeleteEZU closed @ 30.8x
FXI closed @ 34.7x
CAF closed @ 8.50 (closed that one first early this morning, as I know how this fund 'acts-' take it when you have it)
TBT closed @ 15.5x
DAL closed @ 9.2x
RYEUX will close end of day (with a nod to t3d> Fido confirmed there will be 'no fee' to close)
Nice trades 2nd.
DeleteVery happy you checked out Rydex, I hate paying fees/vigs to the vampires.
well played sir
DeleteDid BTU just make a higher low on the daily chart?
ReplyDeleteDavid - I've been watching the coals closely. ANR, KOL showing H&S bottom. ACI, BTU showing awesome rounded bottom and the right side being formed (I.e., higher lows and highs).
DeleteIf nat gas keeps going up, then coals should go up as well, right?
DeleteIn addition to US nat gas, BTU has a large dependency on China, and as long as the Chinese crisis persists, BTU will lag other coals. On the other hand, if Chinese announce another QE and the companies start stocking up on coal again, then BTU will outperform the US coals...
Deletenew post
ReplyDelete