Top Weeend Hold

BBQ & Beer!

First of all let me just say I’ve been wrong on POT on every recommendation. But, I think the time has come for a significant drop. As i said earlier, I bought some deep out of the money puts, June 160’s to be exact. Before you comment, let me just say I do not intend to exercise them, I intend to trade them. All I need is another 10 point drop for my puts to nearly double in value, and that’s what I’m banking on.

Looking at the chart below, the stock (short-term) is making lower highs and higher lows. The stock also broke through the 30 day moving average, a key signal for me. All signals point lower, but you never know with POT.

We are seeing significant breakdowns in all the indices.

My top short pick: [[POT]]

Note: [[GOOG]] looks like it may trade sub $500

Disclaimer: I bought some deep out of the money puts in POT.

Going through my lists of stocks, Solar is green. Currently, my favorite out of the group is [[LDK]]– I actually picked up a few calls this morning. I am also watching [[FSLR]] like a hawk. $270 is a critical level, it can either act as support or a breakdown.

Love LDK over 45.70

Also bought a few June 15 calls for .40.

I missed this one, thanks for the heads up guys.