Early in the morning I closed a little of my XLI short and also a little of my VXX long. I also trimmed down my junk long positions in SWHC and S. I sold off my junk long position in ODP. The ODP chart is indicating that it is going into bankruptcy. Today’s breakdown was [...]
Just a short journal post tonight. I will have new ideas over the weekend and the Sunday Night Coffee post sometime on Sunday.
There seemed to be some thought today that Uncle Sam might nationalize C or BAC tonight or over the weekend. Obama then came out and deflated the rumors. We will see.
Today was a [...]
I’m going to do tonight post in reverse order. I’ll revisit the indexes at the end of my post. There is actually more exciting things to blog about tonight than just a rehash of the indexes. This has been a really exciting week.
The first item of interest today was that I noticed a “tale [...]
Continue reading about US vs. European Banks; Auto Parts, Yen, Education Stocks, PEGA
I recently discussed playing AZO to the short side. As I mentioned in my last post, my AZO short was stopped out with a loss at $144 on Friday. If I ever created a list of trading rules, one rule would be not to get mad at loser trades but to look at them for [...]
