Today we get huge moves from the likes of American International Group, Inc. [[AIG]] , Freddie Mac [[FRE]] , & Fannie Mae [[FNM]] . Chart addict absolutely knocked the cover off the ball with AIG, and I’ve been long FRE since yesterday, noted in The PPT.
What else do we have today? Well for one, rumor has it that Paulson is taking a big position in the dollar, that can’t be good for commodities.
[[UNG]] continues to move lower, however I stepped up to the plate and bought a little this morning. The spread between oil & nat gas is getting a little absurd. If congress would move to nat gas as a clean fuel, the commodity could easily double.
Not much else to say, just taking it light this week with all the sideways action. Option expiration is Friday so expect some more market trickery.
Let’s go FRE!
If you enjoy the content at iBankCoin, please follow us on Twitter
Fuck UNG, and fuck Paulson. I’m so sick of this NatGas and Dollar manipulation. Fuck them both.
Interesting Paulson tidbit.
Hedging his large yellow-metal exposure or, a change in bias?
I suspect the Former.
Thanks RC and good day.
Indeed!
Ha, i hear you ZM. Most people feel that way which leads me to believe we are close to a bottom in Natty.
Go FRE!
sold FRE @ 1.53
That was funny. GO FRE and it went the other way 🙂
But good call, RC. moved well from 1.3x to 1.5x
what a boring afternoon!
in ICO @ 3.38
What a boring week!
indeed.
RC, Nice call on CLWR. Any idea of when to sell? I know you said it was a good long.
I’m still long and loving it here, it’s more of a longer term position for me.
Any outlook on HBAN? Le Fly is out. Is there still something there or should I look elsewhere? Im just trying to set up in some good solid longs.
I’m a fan of HBAN