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RaginCajun

Profits

I sold:

  • Visa Inc. [[V]] @ 62
  • [[UYG]] @ 12.97
  • JA Solar Holdings Co., Ltd. (ADR) [[JASO]] @ 7.50

I also bought a gold & silver basket:

  1. Apex Silver Mines Limited [[SIL]] @ 1.80 (Spec play)
  2. Yamana Gold Inc. (USA) [[AUY]] @ 6.38
  3. Silver Wheaton Corp. (USA) [[SLW]] @ 5.58
  4. Goldcorp Inc. (USA) [[GG]] @ 25

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Feelin’ Good

It’s good to see green. Just last Friday I thought I was dead, I mean I was buying FCX in the low 40s and NOV in the low 20s, but they refused to trade higher. Well today, I feel like I can breathe.

My cost basis on Apple Inc. [[AAPL]] is around $110, thanks to asshole dip buying, and my loss is almost recovered. I pretty good portion of my portfolio is also in [[UYG]] from 10, so it’s good to see that one trade higher as well.

The only thing I added today was JA Solar Holdings Co., Ltd. (ADR) [[JASO]] , I regret not buying Google Inc. [[GOOG]] at the open, but what can you do.

Today my portfolio is up huge, but it’s bitter sweet as I’m just recovering last week’s losses. In the event I decide to allocate new capital, it will be in the energy space. Even with this run up, some of the names are still dirt cheap.

It pays not to panic. What a day for the Market!

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Point Out The Bounce

Get ready for another ride of your life this week. We have earnings reports, Government intervention, and options expiration.

Going into the week I am net long. My largest positions include:

  1. [[UYG]]
  2. National-Oilwell Varco, Inc. [[NOV]]
  3. Apple Inc. [[AAPL]]
  4. Freeport-McMoRan Copper & Gold Inc. [[FCX]]
  5. Visa Inc. [[V]]

Tomorrow I will be looking to add:

  • Google Inc. [[GOOG]]
  • [[TBT]]
  • [[DXO]] or [[UYM]]
  • [[UDN]]
  • JA Solar Holdings Co., Ltd. (ADR) [[JASO]]

Don’t forget to check out Prospectus over in the PG, he has some good screens. Also, take a look at stockbee’s bounce plays

It should be another day for the record books. Good luck trading.

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The Amero is Coming

[youtube:http://www.youtube.com/watch?v=ge2J2lNusJs 450 300]

Note: I seriouly doubt this will ever happen, just more “end of the world” weekend fun.

Note II: I’m saving my best clip for last, stay tuned.

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