Ah, not really. I've been playing citigroup and Lowes since August of last year (housing/credit crisis plays). They both have been good to me ;)
The TLT puts are an obvious play to me. The FED simply cant allow the dollar to continue to go unabated on its current downward spiral. Now whether that means actually raising rates or simply Uncle Ben and Paulson giving it lip service, who knows? Either way, there is a clear trend forming and the trend is my friend.
WU is a bit of an oddball. I subscribe to Stephen Leeb's "Complete Investor" and its one of his recent picks. He's had a pretty good track record lately, so I watched it for a few days and decided to pick up a handful of calls this morning when it dipped. We'll see what happens.
As for gold, who the hell knows? It all depends on what oil does. Personally, I think gold would be down significantly (doldrums) if it weren't for oil's tear. If oil corrects, I think we could test $800 easily, but that's a big if right now. As you well know, every time it looks like oil is going to correct, it takes off again. I'm playing both long, but I try to avoid the short-term plays on either one. The moves are just way too extreme and unpredictable for me. I've never been able to get a handle on it and I lose my a$$ every time I try to trade on either.
1 comment:
Ah, not really. I've been playing citigroup and Lowes since August of last year (housing/credit crisis plays). They both have been good to me ;)
The TLT puts are an obvious play to me. The FED simply cant allow the dollar to continue to go unabated on its current downward spiral. Now whether that means actually raising rates or simply Uncle Ben and Paulson giving it lip service, who knows? Either way, there is a clear trend forming and the trend is my friend.
WU is a bit of an oddball. I subscribe to Stephen Leeb's "Complete Investor" and its one of his recent picks. He's had a pretty good track record lately, so I watched it for a few days and decided to pick up a handful of calls this morning when it dipped. We'll see what happens.
As for gold, who the hell knows? It all depends on what oil does. Personally, I think gold would be down significantly (doldrums) if it weren't for oil's tear. If oil corrects, I think we could test $800 easily, but that's a big if right now. As you well know, every time it looks like oil is going to correct, it takes off again. I'm playing both long, but I try to avoid the short-term plays on either one. The moves are just way too extreme and unpredictable for me. I've never been able to get a handle on it and I lose my a$$ every time I try to trade on either.
Post a Comment