I got my chips ready. Now I am simply waiting for the dip (pun intended).
I just sold out of EXK and GORO, in order to raise more cash. It should be in the 70% range by now. I am eyeballing a few precious metal stocks. Other than that, I have little interest in buying up here. My year to date gains are +12% and I intend to lift them to 20%+ on the next series of trades.
You probably cannot fathom the amount of cash I am sitting on. Should you be short WNR, I am your worst nightmare, as I intend to catch any dip that presents itself. You mustn’t go about your business as if your head was stuck in a trombone anymore. The time is now to outmaneuver thy neighbor and toss garbage on his bullshit lawn.
I still long TZA and VMW calls in my personal. They have a way of balancing each other out. And, I own ETFC, even though it’s a piece of dog shit.
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This Monkey is still playing her accordian to the downside, even with that crazy historical rally last week. IMHO if this market continues to sell of (which it should), I will be amused how the pros took it just high enough last week to pull in all the trend players who got a “break out” signal to enter and shake out all the weak shorts…we will see.
greese is still a heavy here, spain, ireland, port…..will follow if not stoped here
Razor, World is messed up, but you know my focus is copper and China…last night I went thru all the LME copper analysis to see if I was missing anything after that killer rally last week, nope, nothing has changed. Everyone has all the chips on a better second half and ain’t there imho.
Yo!
eggs benny for breaky today?
Bought some SLV weekly calls. Let’s see how the rest of the employment data and sovereign credit bullshit plays out this week.
last week been buyin gld same reason
CLF?
BORN up over 20% today!
Up over 40% in 4 days!
Short airlines.
http://www.abc.net.au/news/stories/2011/07/06/3262975.htm
VXX is up 2% ,despite Dow being green.Expecting this to occur several more times next few weeks.Too many sectors battling each other
You never want to hold VXX for more than a few weeks. But, it looks like these could be those weeks.
I think you are going to be waiting a long time for that dip.
quint, what’s your rational? This short squeez is too fast too big, isn’t it?