Friday, December 19, 2008

FOOLS (BLACK) GOLD? FAZ & RIMM puts again...

I sold my stupid DXO... in other words, DXO will no doubt go up Monday. *sigh* So, thank me later. Found out that it is basically based on an index related to 2009 CL contracts... in the end, the auto bail out didnt do anything for oil, and OPEC cuts havent budged it much either. I will pay attention if oil does bottom out. We shall see how desperate OPEC gets and if the economy can even afford oil when people cant eat and have to pay off their newly refinanced homes.

Like a FOOL, i went for Jan 30 puts in RIMM. The thing is, they are expanding to the consumer space... where there is ALOT more competition. And for maybe 50% that have tried the Storm - myself included... think its just not there yet. I will say i still like their other phones. But that's just my opinion.

I also was up when i saw FAZ @ 36+. But i didnt pull the trigger. Being that Mr. Bush did his thing... Thus I kept thinking this would tank to the 52 wk low... In the end i got it at 38 and change and will let it pick up steam for next year.

Otherwise, my now smaller portfolios are 30% cash. Just waiting for some incredible advice... maybe KIM or other REIT commercial related properties are the way to go (Props to Fly). And IF there is a long out there, it is solar (Obama-backed!). In the end it will be hard to kick the bear around past January when reality sets in.

I am off to start a vacation... somewhere...

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