Thursday, February 25, 2010

wow, what a day!

Kind of an surprising open and a surprising mid-day reversal. Totally didn't expected that.

Current positions:

400 X EXM at $5.25
200 X YGE at $11.22
120 X WFR at $12.16
300 X TAN at $7.78
200 X FNM at $1.01

I think it's time for dry baltic shipping and solar to fly soon (if not already started).

Saturday, February 20, 2010

02/18/2010

Update on positions:

100 X SDS at $34.67
400 X EXM at $5.21
20 X WFR at $12.48

It looks like Solar will be heading south in the next week (or two). I will be waiting.

Wednesday, February 17, 2010

ABK...

+18% today.

Gambling is not my thing, lol.

I am tempted to add more EXM tomorrow. But after I saw the EUR/USD chart, I decided to wait for at least one more day.

Friday, February 12, 2010

Update 02/12/2010

Europeans scared me this morning and I cleared SSO and ABK. I didn't have a good chance to buy back SSO. Instead, I bought 200 X GE at $15.56 after market closed. And somehow I got only 20 X WFR, damn.

400 X EXM,
200 X GE,
20 X WFR.

Wednesday, February 10, 2010

Bottom

I was scared for a moment when the market dips at the opening.
I got rid of ING and SSO in the pre-market and bought back SSO at $34.96 after market closed. Also got 1000 X ABK at $0.57 for gambling.

I really think this is the bottom. We will see a rally soon.

update

400 X EXM at 5.22
100 X ING at 8.62
100 X SSO at 34.74

I think it's very likely that we will see a bottom this week, possibly after a few zig-zag. If the market drops to 1000 (unlikely), it would make it a very lucrative entry point.

American Solar companies are taking really bad hits, WFR a couple days ago, now it's ENER. I like WFR though, waiting for opportunities.

Saturday, February 6, 2010

Local bottom?

Daytraded 100 X SSO before open and got $70 buffet monday. I was too busy to trade during regular trading hour on Friday and missed the S&P 1044 bottom. I did buy 100 X SSO at 34.74, 300 X EXM at 5.22, and 138 X ING at 8.74.

It looks like it's a local bottom, if not, i'll start to average down.

Thursday, February 4, 2010

Cleared all SSO position

Sold at an averaged price of $36.98.

About tomorrow. It looks very likely that it will be a small green. If that's the case, watch out for next week.

Tuesday, February 2, 2010

Looking to close half SSO tomorrow or on Thursday

Tomorrow we will know that if "this time is different".
I will set 100 stop at $36.98 (S&P cash=1097-1098).

We'll see what happens.

I expect baltic shipping (EXM, DRYS...) to drop another 10-20%. Maybe we'll see a bottom very soon.