Sitting Tight

299 views

There’s not much on my immediate buy list here, but I like how the market is digesting recent gains. This action is healthy, and I still believe we will see another leg higher before a pullback that will take us back to 1300.

The portfolio is down today, thanks to the folks at $GNK. However, at one point today the port went positive, thanks to a spike (that faded) in $RENN and a nice move in $GIGM. The $AMZN puts also helped this morning, and sold them near the open to lock in some profits.

I’m not sure what I will do with this GNK, the other shippers are showing some relative strength, so I may hold a few more days to see what I can get back.

I still think the best place to put your money is anywhere in the precious metal arena, I’m currently long $EXK, $RGLD, & $FSM.

Here are a few other names on my watchlist: ADY, ARAY, AVL, CAM, CENX, DK, FIO, FOSL, GS, LNG, & MMR

7 Responses to “Sitting Tight”

  1. axr

  2. MELA
    I trimmed some in the first hour, but what you think from here RC? big Vol day

  3. Every night before I sleep, I pray the suckers short this tape.

    Keep shorting fools! Papa needs a new pair of lifting shoes.

    BOOLISH!

  4. RC,
    What do you make of the action in GNK? any thoughts of an add here or waiting it out?

Comments are closed.
Previous Posts by RaginCajun

Sitting Tight

299 views

There’s not much on my immediate buy list here, but I like how the market is digesting recent gains. This action is healthy, and I still believe we will see another leg higher before a pullback that will take us back to 1300.

The portfolio is down today, thanks to the folks at $GNK. However, at one point today the port went positive, thanks to a spike (that faded) in $RENN and a nice move in $GIGM. The $AMZN puts also helped this morning, and sold them near the open to lock in some profits.

I’m not sure what I will do with this GNK, the other shippers are showing some relative strength, so I may hold a few more days to see what I can get back.

I still think the best place to put your money is anywhere in the precious metal arena, I’m currently long $EXK, $RGLD, & $FSM.

Here are a few other names on my watchlist: ADY, ARAY, AVL, CAM, CENX, DK, FIO, FOSL, GS, LNG, & MMR

7 Responses to “Sitting Tight”

  1. axr

  2. MELA
    I trimmed some in the first hour, but what you think from here RC? big Vol day

  3. Every night before I sleep, I pray the suckers short this tape.

    Keep shorting fools! Papa needs a new pair of lifting shoes.

    BOOLISH!

  4. RC,
    What do you make of the action in GNK? any thoughts of an add here or waiting it out?

Comments are closed.