Looks ready to fall off a cliff, [[STP]] also looks like a great short.
Comments »GGB: Brazilian Steel
Top long idea, If I had to have one.
Comments »DE: Deere & Co.
Profits
In this environment I don’t feel comfortable holding positions overnight. I just booked massive profits in my short plays (highlighted on post below), and also booked profits in a few [[IPI]] calls. I am strictly in day trader mode.
Today was a monster day for The Cajun, courtesy of [[PCLN]] & [[IPI]]
Note: Still have my full position short [[CHL]]
Comments »Shorts
I shorted more [[CHL]] [[MELI]], [[PCLN]], & [[GNK]]
Comments »IPI: Intrepid Potash
A stock that I’m still bullish on, is flying in premarkt thanks to an upgrade to [[POT]]. IPI will see $60 this week, if not today.
Note: I’m happy to see the futures up, I will use the strength to short the market.
Disclosure: long call options in IPI
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