It was a great week, and I'm done. Bo, here are the keys. You have the con.
Slope of Hope Blog Posts
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My Projection of USO’s Future
Asia Ready to Tumble
I just shorted 5,000 shares of EWT. Along the following lines, Singapore's ETF (EWS) seems quite prone.
Sold ICE and CME Puts
I've taken profits on my CME and ICE puts (both over 100%). We might get a bit of a bounce next week, so I'm easing back on the bearish pedal.
The Slow Burn
Just a general point – – although I place trades every day, but favorite kinds of positions are those I can just let sit. These take patience, but as long as you keep your stops fresh, they can do well over time.
Take SGR, for instance. I shorted it below where the arrow is pointing. I have no trouble hanging on to this short position for as many months as it continues to wither away. As you can see, there is plenty of potential for this stock to sink to perhaps unthinkable levels.
About ten minutes ago, I took my profits on a big SRS position, a couple of big DUG positions – – – and I've gone long USO in a big, big way. It's been a good day so far; let's see if my luck continues to hold up.
