Holy crap commodities are getting punked. My stupid “JASO HEDGE” is eating me alive. I’ll keep this post open for the rest of the week. So go ahead, tell me I’m wrong or tell me I’m right. Commodies are going down!!!
For now, take the quiz…
I hate ________________.
a) Solars
b) Gold and precious metals
c) Oil
d) Agriculture/Fertz
e) Cheap metals (copper, titanium)
f) All of the above
Frick frick frick…. I was trying to cover CSIQ today at 10.50. Got greedy with my exit point.
Up about 20% on the short so far…
http://ibankcoin.com/gioblog/2009/06/18/trade-amed-anci-csiq/
Who is buying PALM at these levels? you’re crazy.
Gio, Where do you see FSLR bottoming. I thought it might find support around 150 but not sure now.
… for what it’s worth, FSLR SHOULD HAVE bottomed at 160. 149 is your next support. I’d buy closer to that, and short hard on the second test of 149.
Of all the solars, FSLR is the one I am not shorting. In retrospect, I should have used that as a hedge.
Grr… Fuck JASO lol
Love SMN
Love DTO (sold it today,waiting for the bounce down then buy it again)
Love FXP EEV maybe early,but reality will set in.
PS. on the long side Love COW been holding up good .maybe there buying the food stuff
Nice move on the DTO. All I can say is…
Let’s make moooola. shorting health care stuff on the news. hopefully ANCI doesn’t blow up in my face though. Short em…
AFAM
AMED
And off-topic, ORCC looks good on the dip.
Gio,
Curious on your latest thoughts on PCX and GMCR.
RIG 67.4 aug 55 calls filled 13.20
a) Solar
I draw contention with your picture selection, Mr. Gio. Toilet paper dollars would cause broad appreciation in commodity names. Perhaps you should substitute it with something from Kuwait around the timeframe of 1991 or else an image of fool’s gold.
Haha. good one.
Gio
what your support target or when do you think the GS boys ran the shorts ?
Is it a better to cover by bank earning next week?
Holding 550 shares of FAZ @ 6.75,hold thru the split of take my spanking to be safe ?
Thanks for your blog
Depending on my average cost, I would hold for the banks to drop the bomb. bigger downside than upside. however, I’m not shorting banks at the moment… been taking down commodities. Danny probably has a better opinion on banx.