Trades: CBOU(+0%), LINC (+14%), PCX
Wednesday, June 24, 2009 at 12:11 pm
New shorts:Â PCX (6.44)
Completely sold longs:
LINC 19.47 ( +14.86% bought at 16.95)
CBOU 5.66 (Â +.000001% bought at 5.64)
Notes:
-Â Selling into today’s little rally.
- VIX once again drops under 30 (at 28.91), which gives me an entry point to sell longs. I am changing my point-to-short from VIX < 30, to VIX <28.xx
- I’m kind of pissed right now that energy had a bounce today. Bleh. What the horse!! Anyway, I’m still holding on to those commodity related shorts, but still kind of irked that I didn’t cover some yesterday. I thought hedging with FRG longs would be good enough. Oh well, I’m on vacation trick.
- Stocks on the watch… AZO, BABY
Time to check the weather in San Fran!…
AZO–Major insider selling….
“that thing was crawling on my leg”
Must be a gay cockroach too.
haha, yup.
Insiders finally selling this stuff? Shoots. We need a short entry point on this. may take a few weeks to play out.
gio, what do you think about NXG here as a miner gold play? Either you or the Fly mentioned it a couple of weeks ago, i know i read it here though.
Gio,
Wecome to SF! If you want any restaurant/bar/fun/photo-op recommendations, let me know.
If you’ve got time for a beer toward the end of the week, let me know that, too.
Gio,
Interesting to see that you’re looking at CBOU. Not sure if you have those where you live, but they’r very popular here in Wisconsin.
Gio, glad to see you short on PCX. I have an option strangle on it that I posted about in the PEEG a couple of weeks ago and since it broke down, I am hoping it continues down.
Are you still holding your PCX short? I shorted also the same day as you. Wondering if you have an estimated exit price or just watching the overall market direction to determine to sell or hold?
Thanks for the alerts!