So the Dollar falls hard against the Euro... Thus Oil is up a bit. What now FED? You gonna panic and raise rates after bailing out FNM, FRE, BSC, and whoever else we dont know about. I say go ahead and start a new trend for us...
I think we will see how well the banks were able to manage the bad news the previous quarters. USB reports today...
A co-worker mentioned EW, Medical related... You can do your own homework on it. The question will always be guidance and the fact is the economic backdrop makes a breakout that less likely. But such surprises are truly surprises and can reward greatly, see CSIQ...
I plan to watch the following closely today:
USO: weak dollar again
HOT/MAR: both still trends down below 52 week lows
GOOG: hoping this thing actually picks up a bit (cheaper puts)
USB, C, SKF: its all about financials today
DECK: missed this fall again, but shaggy shoes in this market?
Plan is to sell Oil into this latest trend... and bombard vacation related
Showing posts with label C. Show all posts
Showing posts with label C. Show all posts
Tuesday, July 15, 2008
Monday, July 14, 2008
BOUGHT... HOLD... Check Out Bank problems ahead...
BUYS:
-HOT aug25puts & nov30put: I reloaded on HOT, with November puts to ride... A market bounce does not change Starwoods future. I wish I bought MAR puts last week. It still has room to fall to about $14/$15 low found in 2002, just before the last bull market and post 9/11.
HELD:
-USO aug117call: Stronger $US keeping it from breaking out, yet $/barrel going sideways, but one attack in middle east spells a spike...
-RHT jan12.5put: boring... but look at it! It is dying slowly... almost no option volume, just waiting for future stink earnings.
Props to GIO who got a nice spike on CSIQ. I almost bought it today... nope. I cant go against the general market trend. I dont have the fortitude to follow solars. Apologies to Brian, maybe he should have bought that iPhone position... and sold. It was a net 100%+ on calls with the same going for puts if you positioned for a fade.
Watchlist: MAR, GOOG, NOK, C.
CHECK out this link, thot FNM/FRE like fiascos are over? think again...
www.bloomberg.com/apps/news?pid=20601109&sid=a1liVM3tG3aI&refer=exclusive
-HOT aug25puts & nov30put: I reloaded on HOT, with November puts to ride... A market bounce does not change Starwoods future. I wish I bought MAR puts last week. It still has room to fall to about $14/$15 low found in 2002, just before the last bull market and post 9/11.
HELD:
-USO aug117call: Stronger $US keeping it from breaking out, yet $/barrel going sideways, but one attack in middle east spells a spike...
-RHT jan12.5put: boring... but look at it! It is dying slowly... almost no option volume, just waiting for future stink earnings.
Props to GIO who got a nice spike on CSIQ. I almost bought it today... nope. I cant go against the general market trend. I dont have the fortitude to follow solars. Apologies to Brian, maybe he should have bought that iPhone position... and sold. It was a net 100%+ on calls with the same going for puts if you positioned for a fade.
Watchlist: MAR, GOOG, NOK, C.
CHECK out this link, thot FNM/FRE like fiascos are over? think again...
www.bloomberg.com/apps/news?pid=20601109&sid=a1liVM3tG3aI&refer=exclusive
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