Options Update
I am mostly concerned about AGN - with just 7 trading days to go, the sudden turn is eroding most of our gains here.
Looks like we did not get orders for
ME
TS
GIFI
My strategy was straightforward. I decided that this wasn't a Bull trap and just a pullback. So I bought calls that were 15%~20% above where we were today but close to or at prices that had been hit recently. I also bought months in advance.
What we bought today:
Up a bit: MEE, FRO
Barely moved: UNT, SM, GTLS, OSG, CPX, BIG
Eased More: WLL, SD, PXD, SE
Eased a lot: MMR
I had expected a strong rally but it did not happen. Does that mean I was wrong about a Bull Trap? We'll see what earnings bring. I have been tracking all of these stocks and I see some big wins this quarter and next because they get the benefit of current pricing.
Will coal/oil/Natural gas prices drop? I hope not.....
Looks like we did not get orders for
ME
TS
GIFI
My strategy was straightforward. I decided that this wasn't a Bull trap and just a pullback. So I bought calls that were 15%~20% above where we were today but close to or at prices that had been hit recently. I also bought months in advance.
What we bought today:
Up a bit: MEE, FRO
Barely moved: UNT, SM, GTLS, OSG, CPX, BIG
Eased More: WLL, SD, PXD, SE
Eased a lot: MMR
I had expected a strong rally but it did not happen. Does that mean I was wrong about a Bull Trap? We'll see what earnings bring. I have been tracking all of these stocks and I see some big wins this quarter and next because they get the benefit of current pricing.
Will coal/oil/Natural gas prices drop? I hope not.....
posted by Andrew at
8:39 PM
3 Comments:
how do you feel about where WLT is at as a coal long play?
How about DRYS at its price as a shipping play?
I own WLT stock - I think it has legs.
DRYS - I just got bottom ticked on DSX (boy do I feel dumb falling for that).
The trick is to get the shippers that are contract based and do not eat fuel costs.
I thought I would share with you, this says the same thing you have been for a long time:
http://biz.yahoo.com/investopedia/080708/3683.html
"Finally, investors can profit from a falling U.S. dollar through the purchase of commodities or companies that support or participate in commodity exploration, production or transportation."
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