Wednesday, March 28, 2012

DECK

Death all over DECK- That didn't take long! The story here is end of quarter and mangers are trying to buy stocks that performed to show on their books and sell stocks that did terrible. It is just a trend - Still holding this one.

DECK

Holding a position short on DECK @66.84. I am going to be holding this for awhile.

Tuesday, March 27, 2012

Not much

Not much going on today but an INSIDE day. Boring

Monday, March 26, 2012

End of Quarter

End of Quarter window dressing is in FULL effect!!!!!!! Expect this week to have an upward bias.

Monday, March 19, 2012

AAPL

Yes the stock I hate the most I think looks toppy here- I wish the the options were cheaper because that's one high prices sucker right now- Taking a chance here @ a short $592

Friday, March 16, 2012

VIX

Wow VIX down to the 13s again- Not surprising but anything below 12 for me is a load the boat scenario as a medium to long term play. Stuff looking for extended and I turned on the talking heads and they noted little participation on the retail side of stocks. I guess just like housing bottom that never was (they have called the housing bottom over a dozen times) retailers are just not that sold on this melt up. Biotech looks like they want to move up but I am so wary on playing much here on this light volume. Maybe we will replay last year where the first 1/2 of the year is strong and the second half is weak all I know I don't like this extremely low volume. Watch out folks looks like $5 at the pump is definitely happening sooner than later and Oil looks like it is heading for $112 from my technicals. I Hope I am wrong as that would be a heavy toll but we will see soon enough. Have a great weekend!

Expiration

Expiration today so that means no market for me- Expiration day usually is highly manipulated and usually comes with extremely heavy volume or extremely light volume so it is very hard to trade- Next week should be interesting as most managers will start their window dressing for the end of the first quarter.

Wednesday, March 14, 2012

VIX

One more thing to note here is the lows happening on the VIX- That's my main reason for not going heavy long here as we are definitely very complacent with such a low VIX reading.

GOLD

Gold is getting slammed but not a surprise after we have been virtually struggling the last two weeks. Never the less that's a big hit indeed. Silver lower but not as bad comparatively. Definitely see Silver getting below $30 area. In the mean time the market continues its melt up and though the volume is light I would not be shorting here

Monday, March 12, 2012

APPLE

Again APPLE works its magic with the new IPAD- Really sold out before it even is released is just unbelievable. Whatever magic folks thought would be gone with Steve Jobs are wrong but the new IPAD was in works while he was still alive- Being a huge APPLE fan I hope they continue were he left off. I might think about getting a IPAD2 since I already have a macbook pro but I will wait and see what this new IPAD looks like this weekend at the store at least.

ZOLL!!!!!!!

I guess I got out of that one 1 month too early- wow- can we say a buyout- stock now trading @$92 I suck!!

Tuesday, March 6, 2012

PAY

Taking the rest off here @ $50 Super duper play. again patience!

VIX

Scaling my VIX long here 1/2 + 30% gain. Patience was the key.