Oil to $150

I like [[OMNI]], & all of Cramer’s wildcat plays [[REXX]], [[HK]], & [[RAME]]

Don’t forget solar: [[CSIQ]] & [[ENER]] look good.

[youtube:http://www.youtube.com/watch?v=XZssqYeSoxA 450 300] [[CCC]], [[CMP]], [[CPST]], [[DVN]], [[ENER]], [[MA]], [[MELI]], [[MTZ]], [[OMNI]], [[PCLN]], [[QCOM]], [[RIG]].

Monday:

• Adobe Systems ADBE
• Lehman Brothers Holdings Inc. LEH
• TITAN MACHINERY INC TITN

Tuesday:

• Best Buy Co., Inc. BBY
• Goldman Sachs GS

Wednesday:

• FedEx FDX
• Lindsay Corporation LNN
• Morgan Stanley MS

Thursday:

• Circuit City Stores Inc. CC

I have experienced my first official short squeeze. Don’t get me wrong I have witnessed one before, but never experienced it while I was heavy short. I felt like a deer in the headlights all day as I watched my portfolio dwindle lower. My only saving grace was [[QCOM]], which did nothing all afternoon, BUT managed to close at the high of the day.

I have no words for you today, because in my mind I thought the rally would fade as traders would get out ahead of the weekend.

Today I took a few blows to my account, but nothing I can’t make back on Monday.

It continues to be a daytraders market. Every position I held overnight looked terrible this morning and got worse as the day went on. Because of this, I want to adjust my trading style to day trading only. Next week I will continue to look for stocks ready to explode and take advantage of the breakout/breakdown via multiple options, I might even try out a few synthetics.

[[QCOM]]

Also bought the June 50s for .76