AMSC: American Superconductor Corporation

Note: I will be posting a few charts tonight, all of which I’m looking to take a position in.

#1 on my list is [[AMSC]] American Superconductor Corporation

First, I would like to say that this is one fucked up market we’re in. Over the past few months I’ve seen and know people who have lost it all– 100%.

Trading is defiantly not for everyone. However, it is for me. I’d like to think I played this market like a space alien magician over the past few months. I have destroyed idicies when it comes to YTD returns, and I will continue to do so. Why? Because I work too damn hard at it.

While it’s true, the last few days have not been my best. But, who doesn’t have a few bad days.

If you care to have my opinion, I think it is up from here. I have no interest in shorting stocks at the moment, and may never again due to being caught in numerous upgrades. Note: I am out of all my shorts.

Financials are in rally mode, oil is coming down, things are looking up.

If you’re looking for a pair trade try: long [[CHK]] Chesapeake Energy Corporation , long [[ZNH]] China Southern Airlines Limited (ADR) .

If you’re looking for a solar try [[CSIQ]] Canadian Solar Inc.

If you’re looking for a Biotech try [[CELG]] Celgene Corporation

If you’re looking for a short try [[DBA]]

If you’re looking for a guy to help you bank a little coin, I haven’t gone anywhere.

$

Hat tip: Sahib Bilderberg’s Personal Attendant recommended [[ZNH]] China Southern Airlines Limited (ADR) to me — ever so quietly.

[[MON]]

[[CHK]] This is a great entry point if you’re not in the name. At this level it presents an easy exit strategy, stop (exit) @ 46.60. If you’re already in the name, man up and pull the trigger.

Note: Earnings on Thursday