AEM (12) -----01

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二月 25, 2009 - 11:58 上午
Overachiever
Long ago, a woman prayed that her suitors be
Repelled so she might serve God, be His only
God heard her prayers floating up and his heart was cheered
He rewarded her amply with a full beard
My precious metals shorts are kickin' it.
 
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Today is going splendidly; many opportunities to jump in and out of /ES.
Posted: 11:58 上午 |211 insightful comments |Permalink
二月 24, 2009 - 08:23 上午
Very Short PM
Far and away my largest cash short is in precious metals; here are a few examples.
 
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I've got both silver and gold shorts, and I've entered them at good prices (e.g. last week and yesterday). I think these have a very, umm, bright future ahead.
Posted: 08:23 上午 |56 insightful comments |Permalink
二月 23, 2009 - 09:47 上午
Favorite Shorts - Set 1 of 5
 
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Posted: 09:47 上午 |72 insightful comments |Permalink
十一月 04, 2008 - 09:56 上午
Sell Filled Gaps?
Some of the stocks I bought last week are up thirty to forty percent. Some of them are "keepers", but some were simply opportunistic. AEM is an example of the latter.
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Interpreting gaps is a weak area for me, but my inclination is to sell at this point, given that the gap has indeed been filled. I suppose the stock might have more upside, but given my belief that stocks will start selling off hard around Thursday, I'd rather be safe than sorry.
 
Posted: 09:56 上午 |19 insightful comments |Permalink
九月 14, 2008 - 06:16 上午
Getting Ready for the Gold/Energy Short
So, I wonder what cuteness the Feds are going to pull this weekend? Use taxpayer dollars to bail out Lehman? Send everyone a $2,000 check they can spend at WalMart? Cut interest rates to 0%? Make short-selling illegal? You just never know.
 
Everything is waiting to see what happens to LEH, of course. With only 365 cents left to its share price, there's not much left to fall.
 
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This last posting of the week is going to be somewhat different - - I'm not going to provide any opinion on the broad market. Instead, I'm going to offer a "theme" to invest. Specifically - - re-entering short positions on the energy/gold sector (I think of them as one sector these days, strange as that may sound). My narrative is pretty simple. I think the EUR/USD, which has been firming up, won't get much past the ~1.43 level, tinted below.
 
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Here's a closer look. As you can see, the retracement level is just about at 1.435.
 
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Simultaneously, I think OIH (which has firmed up most of this week) also won't be able to get past about 170 (I don't rule out that it won't get much farther at all; I simply think all this stuff has a bit further to climb).
 
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And, finally, gold/silver (as I measure via the $XAU index) won't get past the mid-130s (thanks, by the way, to giggity for the PAAS suggestion since I expressed an interest in going long silver; it was up nearly 10% today).
 
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Having said all that, I think there are a bevy of short/put-buying opportunities. Some of these I've already entered; some I plan to enter next week. Here are some favorites:
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And I'll close this week out with a bizarre 4+ minutes with Bill Gates and Jerry Seinfeld, which was just released this week. Actually, I think it's pretty funny. Adios!
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Posted: 06:16 上午 |No comments! Be the first! |Permalink