Archive for October, 2008
Sectors Winners & Losers
Sectors Up:
Real Estate (RWR) : 46.46 +3.11 (7.17%)
Airlines (XAL) : 24.42 +1.52 (6.64%)
Homebuilders (XHB) : 14.14 +0.77 (5.76%)
Clean Energy (PBW) : 10.00 +0.53 (5.60%)
Regional Banks (RKH) : 94.59 +4.61 (5.12%)
Sectors Down:
Ultrashort REIT (SRS) : 115.47 -16.30 (12.37%)
Ultrashort Financial (SKF) : 124.38 -12.85 (9.36%)
Utilities (UTH) : 94.78 -2.70 [...]
Watch Casino & Gaming Stocks…
as they approach their prior support areas (now resistance). Some of the stocks like Wynn Resorts (WYNN), Las Vegas Sands (LVS) and MGM Mirage (MGM) have bounced too violently to the upside and are getting ripe to be shorted again. Below are the charts for reference:
Don’t forget to checkout the blog over the [...]
Stock Trade Updates: Close (MOS) Calls
Closed (MOS) Dec 35 calls @ $7.80 for a gain of $860. I might want to re-visit this trade if the market shows some bullish legs but for now, (MOS) has rallied from 26 to 38 without any rest. This might continue higher but I’m more than happy to lock in some gains. Remember 9300 [...]
Stock Trade Updates: Close (HIG) Calls
I didn’t like the action in (HIG) so going to go ahead and close this position in both the portfolios for a small loss. I would like to re-visit this trade as it will have more potential once the dust settles down.
Sectors Winners & Losers
Sectors Up:
Airlines (XAL) : 22.90 +2.21 (10.78%)
Solars (TAN) : 9.92 +0.92 (10.22%)
Agriculture (MOO) : 22.90 +2.21 (9.63%)
Clean Energy (PBW) : 9.56 +0.77 (8.76%)
Steel (SLX) : 34.50 +2.73 (8.59%)
Sectors Down:
Ultrashort REIT (SRS) : 131.77 -11.12 (7.78%)
Metals (DBB) : 14.62 -1.16 (7.35%)
Natural Gas (UNG) : 27.80 -1.94 (6.52%)
Ultrashort Financial [...]
