Wednesday, December 05, 2007

I’m short RIG ...plan to buy calls at 122...
I’m short TSO,FTO,VLO gasoline stocks..but on Friday if they are still down...i’m backing the truck in and buying calls...
I’m short QQQQ and INTC and will add SMH PUT at 33.5
I’m short and long USO...but i’ll probably only go long starting FRIDAY....
And i’m SHORT TSL...but i already posted that....
zee
and i feel sorry for anyone holding long positions when fri..job numbers come out....
qqqq will be back down to 50.3...
that's quite a bit of downturn...
i think it's very possible that will be the market reaction.....
anyway
INTC chart...sure called a short term market top...did you see the chart?

i see qqqq at 50.3 on friday...it means it's time to BUY and HOLD QQQQ until it hits $60....

those numbers you sent me on the SPY..last night...look like SPY will reach a new high in DEC...just not as much of a new high...as i first thought...
but may / june is looking like 1700 or even 1750...
then crash 20% to 30%
cause the Q2 and Q3 2008 SPY numbers show recession....

3 comments:

  1. Z,

    I saw your post about buying puts when TSL hits 51=200dma.

    Very Dam Nice Play.

    I was too chicken :(

    ReplyDelete
  2. You guys need to follow the energy conferences... Its the buy on rumor, sell on news play..

    This happened a few months back..

    Is there a site that shows the schedule of conferences for the solar energy sector?

    About 3-4 weeks before next solar sector conference, start accumulating..When the conference day hits, jump ship and turn bearish...

    I grabbed TSL DEC 50 puts this am for $3 bucks.. I wish I picked up STP and SPWR too...Ahh well, can't get them all..

    SOHU was weak today, put that on your short list...

    ReplyDelete
  3. Z,

    can you give me book value or estimates for (any) of the following:

    CELL
    AMD
    PSEM
    CYMI
    EBAY
    ODP

    Thanks!
    tb

    By the way, the market has changed. I've been thru a number of these, and an optimistic bull needs a correction every now and then... Buy the pullbacks...We are going to focus on earnings now...
    Did you see home builders? I saw this and reported this in October..I was 2 months early..

    ReplyDelete

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