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
Comments »Starting with today’s date June 09, 2008, I am officially bearish on the world markets. It’s time to watch the whole world crumble to it’s knees. Going forward, I focus my attention on short ideas and will buy large quantities of puts in the near future.
Solar looks ready to crumble, and I foresee the group trading down tremendously in the coming weeks. The financials still have room to fall, and retail is dead with gas nearing 5 dollars a gallon.
Everybody has spent their stimulus money– it is gone, and now the tank is on empty. This drop we are about to face in the worlds market will be of “epic proportion.” There will be no bottom this time.
Top Short @ the moment: [[PCLN]] with a break below trendline.
via the Option Addict
[youtube:http://www.youtube.com/watch?v=plNPsQyhjBk 450 300]I love the following short setups on his list: [[GNK]], [[TIF]], [[MELI]], [[ARO]]. Great work OA.
Comments »Post your best short ideas for the upcoming week in the comment section. The best charts will be added throughout the weekend.
This is why I love this site, even on a down 400 day, we our still making money hand over fist. Whether you visit my page for stocks like [[IPI]], or Fly’s page for his warchest of short picks ie. [[CHL]], or anybodys page for that matter, coin is there for the taking. What a week we had!
Long live iBankCoin.com, have a good weekend guys!
Comments »Despite the market hitting new lows [[IPI]] is hitting new highs. The company just reported a stellar quarter a few days ago, and is finally breaking out of it’s IPO range.
I sold in panic this morning, but quickly bought it back after I saw the strength.
Top Pick: [[IPI]]
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