New longs: CLR (42.80), HK (26.52), SKF (109.71), GG (29.79)
Added to longs: FXP (82.78)
Buying the commodity dip here. We had sector-wide selling, which I’m marking as capitulation. Also, USO reversed off of 91, and the Vix spiked below 20 signaling a short-sale signal. I can’t find that many short setups at this moment, so I just bought SKF and added to FXP.
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LVS, MGM, WYNN
ALSO ANF
Followed you on HK
I wanted to short RATE – heavy overhead resistance around $38.50 and this volume has been non-existent, but Scottrade had no shares to borrow.
Banks shorts are back, don’t be first in line. 😉
I’ll be careful going long on Energy and shorting bank here.
HK had a huge share offering today. Hmmm… this one is tricky.
USO went green. 😉
Calvin,
I am assuming:
a) those were short recs*,
or
b) you’re a quart low your thorazine today.
____________
(Shameless self promotion):
* Didjoo seem my mention of the LVS weekly in KoPG?
__
I was watching that assclown, can’t rememeber the name, from mgm on bimbo tv, think it was las thurs. Boasting that he covered about one point seven bil of his construction for that vegas boondogle already. And he only has anoother 1.4 bil to raise. And that NONE of his bonds mature til summer 09. Even the bimbos let out a little gasp. Le euro is looking to break support at 163.75 on the Hideki Tojo. If it goes, much more room down.
hey Jake long time no see. I got my shorts / OTM puts on WYNN.
GIO , I can’t believe you got GG at 29.97__ I’m totally jealous. I’m still in at 31 something