I booked a 5% gain in both EXK and TNA. With some of the proceeds, I bought VIT and HOGS. Don’t ask why. I just have a hunch the Chinese Burritos are set to blaze.
For managed accounts, I am sitting on my hands, waiting for the shadows near my favorite urinal to give me the sell signal. Typically, they nod at me, while puffing on oversized cigars.
Don’t look now, but I am up 4% intraday, effectively halving my YTD losses inside one day. Hence the term applies: “The Fly” is winning most when he appears to be losing ever so severely. Also, HOC is trading at new highs.
Get your fucking popcorn ready because CVI and WNR are about to rip to new highs too.
[youtube:http://www.youtube.com/watch?v=t2fam4meCrY 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
First
Thanks for having my back. I can’t always get here First!
Bears getting MURDERED in cold blood.
remains to be seen if this is a bearish face ripper rally or if mr market has put in any sort of meaningful bottom as of late last week. I love the bullish side but am not yet sold on this here action. Booked EXK profits today also.
five waves up from 1258 breaking 1290 indicates a bottom in place … DJIA should see 12300
My bigger PM position is AG. Still long.
This should be an intersting bounce…1290, 1294/5, and 1300 all sitting there as various reference points. It would be nothing short of amazing if we got over 1300 and held…could we go all the way back to 1330 this week?
It’s amazing how quickly people go from “the world is ending” to “everything is peachy” but it sure feels like that’s what’s about to happen. Kick the Greek can, more confirmation of no QE3, blah blah blah and all of a sudden we feel ok.
As was said on here the other day, if the market couldn’t keep going lower, it was probably done…sure looks that way for now. Other than the potential for this being a massive head fake, it looks like higher is the direction for the foreseeable future.
Interesting to note that GS (and most of the financials) is still weak…this used to be one of the key tells for me but it would appear that nobody cares lately.
Paulson’s Chinese burrito led to some intestial distress.
The abundance of glowing green on my quote screen is giving me eye trouble…no worries, I’m covered by Mutual of Bearshitters
Hussman on Greece.
http://www.hussman.net/wmc/wmc110620.htm
I am still ALL IN with EXK.