I have bought ANR today due to the nice retracement back to its breakout level.
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I have bought ANR today due to the nice retracement back to its breakout level.
I reiterate what I tweeted a couple of days ago – that General Electric (GE) is a marvelous short. I accumulated the largest stock position I've ever had in my life on this sucker, and I'm pleased with it thus far. My "eventual" target price is the low single digits (about $4), but I think $11.50 to $12 is in very easy reach within days.
I am almost afraid to utter (or write) that things are going well, for fear that the Forces of Evil (Geithner, Bernanke, etc.) will do something else to help the bulls. But we're off to a fantastic start. I've trimmed back my irresponsibly large FAZ position at a very nice profit, and I'm enjoying gains almost across the board, including from these two old favorites:
It's way too early to talk about any kind of "shift" happening, but if we can – – – please, Ursus Major! – – bag a pair of back to back down days, it's something we can consider.
This is one of my favorite movies ever. Just take the time to watch the first five minutes and I think you'll find yourself quite drawn in; it's charming.