Trade: DRYS, AMED, ANCI
Tuesday, June 16, 2009 at 11:24 am
New shorts:Â DRYS (6.88)
New longs:Â AMED (29.81), ANCI (3.75)
Yeah, call me crazy. Anyway I’m now in the city of angels, recovering from eating a massive meal from In-N-Out Burgers last night. Man those are some good burgers! I haven’t ate here in 9 years.
I realize I haven’t been to California since 2000.  Time sure does fly! Oh, btw, I didn’t know consumer tax was 9.25% here. That’s ludicrous. I mean, how in the world are you broke California?
lol now you know, its a pain.
So, you stopped by Staples too?
Hawaii general excise tax is 4.5%. but then again, prices are jacked up from shipping.
Heading to Staples tomorrow CA! today i gotta go buy socks. forgot to pack those.
Shorted TPX …market looking bad.
amed and anci both look like trash IMO
Why the opening of a short trade here on DRYS Gio? I realize there has not been much strength to it of late, and I’m glad I sold some for a double when it shot up over 10. I take it you don’t believe there’s a possibility for a turn-around?
DRYS is a technical trade against oil.
ANCI had big time panic selling. don’t worry, I got the other thirds to enter below and above.
I like ANCI Gio, going in the same direction as the obamanation.
Gio,
TSTR - you are the satellite launch guy right?
Oh man, that’s a great spec play. it should launch the heck out of here!
Gio,
good call on the technical play with drys. I saw the same action occuring with tbsi. Technically speaking, tbsi is especially due for a divergence here. Todays tape told me what I expected to hear, cover the shorts I made in the past 3 days and jump back in long in such a correction and buy the oversold dips. Atleast such is the case with tbsi.
You cover drys today? What’s your exit point?
Still holding DRYS short. Cover point is under 5.90. I should have went with EXM. Shippers tend to follow solars too, if you noticed.
I’ve been adding TSTR slowly - really want to see it back around/below a buck again for more.
Enjoy your vacation…
thanx retox. you’re in a good sector I think. It’s hard to find sectors with IPOs. Schools and satellites are the only ones that stick out in my mind. I guess they have a lot of cash to shop, or a lot of faith in their products. That’s a concept where investors usually park their money.