I believe I said something about red thumbing the ultrashorts. The market is now higher than when I posted, thus making my ultrashort picks work. SKF was down 75 bucks a share today. I may have been a bit slow, but it all worked out in the end. SKF is headed for under 100 a share. Here is the original post: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=110465&t=01008631960540474609 [more]
goldcorp is always a good short, but with the market not bouncing off key technical levels, now more than ever, you need a hedge. GG's fair value is ~$7 but it trades at 20. The stock is sharply falling now within the past hour and is targeting 17 by the end of the week. GG is a perfect short candidate.
Let's take a look at the jokester known as "Ted Butler" who spends a fair deal of time trying to convince you to buy shiny rocks, as silver has plunged, our con man Ted keeps trying to get you to buy. He claims heinous manipulation, and EVIL SHORT SELLERS!!!! GASP! Take a look at his, err, repetitive commentary: [more]
Though the great November '08 bounce should have continued from last Thursday on, the permabears continued to sink stocks through this afternoon. While fundamentally the bears are right, the market is just too darn oversold to sink much lower. We need to have and will have a big huge bounce into options expiration to fix this oversold condition while scaring all you weak bears into submission. We true bears have been bearish long before it was cool (I turned bear in Feb. 2007 selling all mutual funds and going long QID (which was subsequently held for over a year and then I dumped at a nice price earlier this year.) However, our bear clan has been invaded by a bunch of weak-willed and unfaithful bears who get excited by dumps but don't have the conviction to stick it out through the inevitable sucker's rallies... [more]
You get huge points when the market turns north which is about to. Take QID. if QQQQ rises 10%, SPY also rises roughly 10%, while QID falls 20% scoring 30 CAPS points. There's a lot of ultrashorts out there--get thumbing.
The entirety of my last post got deleted by the weird CAPS blogging gremlins. Take two... [more]
I bought a load of Hartford Insurance (HIG) calls earlier in the week at $1.50 a pop. Due to bizarre news, they now trade well over $3 each. [more]