I covered my $HAL short. It’s behaving like the strongest oil stock. Meanwhile with the oil spill rulings $ERY is getting moving. This frees up capital to apply to $ERY or $JO or another idea if it comes along.
Covered $HAL @ 67.27 for a .54% loss representing a .6% loss of entire roll.
I almost dumped $JO this morning but decided to cut the stop loss on the gap down, and see what happens. Lo and behold it surged on the open. I am replacing the stop loss at $37. Currently a minor loss, but should get going from here.
$ERY is a minor win, and I am hoping to swing it to 15$. $JO, I have no idea where it goes. But this frees up some bullets for other things.
MONTHLY ROLL GAIN/LOSS -.6%
Update: $GDX broke through consolidation and should catch down to gold. I like the juniors because it amplifies the senior’s move. Bought $JDST for 12.07.
Double Update: Things are looking ugly in the broader market. Bought $UVXY for 24.14. During the minor pull back in late July it ripped 50% or so.
Got out of $JDST for a win, but because I tried to be a smartass and daytrade up near 13.50 i pissed away some profits. Only won 1.3% Stupid.
That offset the $HAL loss almost exactly, so I am not -.1% on roll for the month.
New rule do not go into something with the express purpose of daytrading and do not add to a huge engulf at 330. If you’re adding, get it done by then or stand pat.
