Archive for July, 2008

Five Trades

BBT - BB&T - Short
SPG - Simon Property Group - Short
KIM - Kimco Realty - Short
IYR - iShares Dow Jones US Real Estate - Short
SRS - UltraShort Real Estate ProShares - Buy

Keep Buying SKF - ProShares UltraShort Financials

As the finanicals go up the SKF gets cheaper. Buy this as it gets cheaper. This financial rally will not last, it is a dead cat bounce rally.

Buy SKF - ProShares UltraShort Financials

This is an ultra short ETF for financials.

International Trade - China

Buy FXI - iShares China ETF

BBTUY- BB&T CORP SEP 2008 $ 27.50 PUT OPTION

BB&T has commercial real estate loans that will cause write offs. This stock will go down.

EMCJS- EMC CORP OCT 2008 $ 18 OPTION CALL

Hot action on EMCJS Call Option today.

AGOTC-ASSURED GUARANTY AUG 2008 $ 15 PUT OPTION

Assured Guaranty being downgraded.

Storm turning West - Miss Oil Platforms - Oil going lower

Sold MEE at 73 this morning. Going to watch and my buy back in at 68 or 67. Want to see if oil drops further before getting back in.

Oil is going back up - Get in Coal Stocks

I have been riding the Coal stocks up and down for the last 4 weeks. I buy low and sell high. We are in the upward movement today. The storm in the gulf will drive oil higher which in turn will drive up coal stocks. I like MEE

JCP - Add to PUT positions while stock is higher

This is a false rally. The market will start going down again. There is no support to keep it higher. Add to JC Penney PUTs.