Long : GLD, FXY,FXE Short: LPHI (broken Channel)

UPDATE: (Dec 15th, 08) Look into Buying GLD Jan Calls as well ,

US Gov. Helping Real Estate: Push for 4.5% Mortgage

Longer Term Call options (LEAPS perhaps) Look int Toll Brothers and KB Home.

RIMM Heading South

RIMM Broke bellow 40 yesterday descending triangle pattern suggesting it will continue the down-trend. RIMM also slashes outlook for the next year before the market open today and its down more than $2.

SHORT CBE (Profit Warning)

Profit Warning ! Music to my ears Cooper Industries (CBE) is breaking a support and hitting its 52 weeks low. Late on Friday, after the stock market closed, the company said fourth-quarter results would be below the 83 cents to 92 cents profit per share the company had forecast in October. It did not provide a new range.

Getting Ready To Short BBY or JOSB

The verdict is out, we are either in recession and/or fearful of it. The holiday season will not have any hopes for retailers. I am looking into BUYING puts on Best Buy (BBY) hoping it crosses past 25.

Week of November 3rd (Trading Gaps)

UPDATE (Nov 6th): Bought Puts on Costco (COST) and looking into buying calls on TAP (great earnings reported yesterday and outlook is good as well). Buying Puts on USM 11% drop in price on 315% average volume. There was an extremely bearish news for Steel Industry, I am looking into buying PUTS on X. Cramer called it a SELL when it was a $30 stock, it rallied since then and past $40, Now its heading south again.

Started to look into the trade candidates for this week. I am looking into Omnicare (OCR -- Retail (Drug)) for Pull-back and then Buy some Calls (Gap Up). Also following ERTS (Looking for a bounce to get a better entry price and buy some Puts -- Gap Down)



OXPS, BCSI Waiting for a little pull-back to Buy Calls. (Filled the Gap)

SHORT Sony and Aethna LONG MGM

Bought Puts on Sony (SNE) and Aethna (AET) today.
Bought Calls on MGM.

OFF for about a month! (will be back End of October)

Meanwhile I have two picks for the next few days.
Long LZB and Short OTTR.

Will Be Back In Late October

Insurance Group attractive

MET Life and PRU (Prudential) are on the rise. Wait for a pull-back .
FIRST: Sector Analysis


I think MET is cheaper (based on forward PE), I like the Oct 60 Calls.



From My WEB-Notes:

LONGs: MET life is rising with impressive volume. Long (on Pull-Back) : PEP: OR KO.
Long (on pull-back) Rock-Ten: RKT ; Finally a Bank worth knowing: NTRS ;
SHORTS: TLEO DOWN on Heavy Volume: SHORT Candidate (Wait for a bounce) ; Failed Rally: DGIT ; Ready to Break Down: INFY.

Wait for Bounces or Dips, And Stay Agile

I would like to short some Gold stocks like ABX (waiting for a bounce) and Buy TWP on a pull back.
More trading ideas in my Flickr album.

SHORT: BOOM, PCLN, ZEUS, SCHN, TS, SYT, SDA
LONG: BCSI, TWP, SCHW
Possible rally in commodities in the picture, POT, DRYS, FTO maybe good trading buys now.

LONG Rails

WAB and UNP

My Labor Day Watch List from Flickr

SouthBayTrader's Album

Generated by Flickr Album Maker