I’m up a cool 2% this morning, even though I am positioned conservatively, long at 110% of capital.
Today’s winners are a mixed bag of nuts, with solar and gold leading the way. Don’t ask me how gold/silver have resurrected themselves, but they have. Some of you were correct about gold and I was wrong. I still hate the yellow metal–but regret letting my emotions get in the way of making money.
It seems that every single sector that gets obliterated comes back with a vengeance, rewarding bottom pickers for their bravery.
Look over the recent winners: solar, homebuilders, oil, tech, alt energy, airlines, refiners and healthcare. At one point they were all in the dog house, orphans of wall st. Look at them now.
The only real dogs that left can be found in the natural gas, nuclear, precious metals, steel, coal and shipping industries. Judging by recent trends, this is likely only the beginning for the run in FRO and GNK. If natty is going to come back, KWK, UPL, and CWEI will surge to the upside.
Being that I am up more than 40% for the year and own plenty of momentum names, I’ve decided to try my hand at some undervalued turnaround plays, maybe just one to start.
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JakeGint was just a tad bit premature…
PPT nailed the timing on this solar and metals bounce.
Still loving me some TSLA.
Fly, Did ForexKong get the boot? Although his prose was a bit on the “insane” side, his USD commentary has been spot-on.
Many get emotional about the gold stocks. Recall your short cover of AEM a year and a half ago (no meanie) because you thought gold was going to go higher. That pretty much was the high for AEM.
It’s hard not to get emotional about the yellow metal but the PM stocks are just like any other sector.
Just sold 30-40%of my ABX,GDX,GDXJ accumulated over last couple of weeks.
Going in for a hernia operation and don’t want to trade under influence of pain killers (no Michael Jackson).
Good luck
My groin and I say thanks.
One of those in the near future for me too. Post up how it turns out.
Will do.
I go tomorrow for the Doc to look at me ,but I know what it is.
I had one 10 years ago in another area.
This one shows as a drop of some of my innards just above the the right testicle.
Hope yours isn’t in that area.
As I have a $10,000 deductible, I will be negotiating my bill.
Forgot to add, my Doc looks a lot like the Dr. Fly avatar.
I wonder if Dr. Fly does hernias.
HLF? R u getting back in?