Sold 400 FAS @ $2.70 ($72 profit) - Still long 1,200 shares
Sold 200 CY @ $5.36 (-$10 loss) - Still long 200 shares (Don't know why)
I want higher cash levels
Note: If you want to see a fund straight printing $$ - check GOE (up 1147% ytd)
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Stick with CY. You've been touting it for a couple weeks so obviously there's some good gut feel there.
ReplyDeleteOnly big event on the horizon for the industry is INTC Q1 call on 04/14.
Stopped out of TNA at 10.32 - 9% loss is enough. Still long 200 FAS, will be paying close attention to futures / opening bell in AM. If market has any positive action, expecting FAS rip to $3+. Might buy more shares in AM - analyzing.
ReplyDeleteFYI - think that GOE fund is the next ponzi! RIDICULOUS
My only position right now is 300 of DXO at 1.99
ReplyDeletePrinting at 2.49 right now, this is the highest the ETN has been since 2/10. DXO is right at the 50-day SMA.
I am bullish on oil until about $50/barrel, and then I think there might be a bit of a retreat. Barring how DXO reflects the price of oil going forward this should translate to a DXO price somewhere between 2.80 and 3.00.
Please note though that DXO is an ETN, not an ETF and is based upon futures contracts for oil as well as T-Bills. So 2% jump in oil usually will not translate to 4% jump in DXO.