Monday, December 1, 2008

Sold AZK...Payout Awaits... Rally Hopes Diminish... One Long Idea

I basically broke even or loss a little. But i knew the crash was coming today... :(

Payout HTX
Ok. So, tomorrow i better be seeing my accounts with a fresh batch of dividend cash. From there i will wait for any spike that comes our way OR panic buying of any sort.

Like i said in a post a couple days ago, I hoped for a rally at least until the payout. Didnt happen. Thanks Mr. B. Anytime the FED talks we can expect this kind of reception.

He likes UNG (natural gas), which makes much sense this time of the year. If anything it might be in its own bubble if it turns out to be a cold winter. If that happens, I sure hope people out there are ready to wear their heavy coats indoors (being that they have to save their money to pay off their debt or mortgages). But for now History says its time for Natural Gas to make its move

One more thought... OIL cracks <50 at the time of this post.
I think the bears are in for a big day tomorrow... Here is hoping (or wishing) for a gap up so as to fade and a closing crash tomorrow. Hopefully my funds will be available to participate, as i couldnt do so today.

So, that is officially two huge swings that I missed, options expiration Friday last week (huge rally) and today double inverse calls. Those were likely better pay outs than the HTX thing, but i cant look back. In the end I had less anxiety because of the approach taken.

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