Half Down! Let’s make 100% to break-even!
Just For the record, In case you can’t read my main holdings changes by looking at my Validation pictures, here’s my open positions. I figure — I’ll list them and discuss them afterwords.
Quantity/Ticker/Strike Price
I could only get BEAV for April 2008
April 2009
2 BEAV 25,
2 BEAV 15,
January 2010
2 NDAQ 35,
2 SIGM 20,
5 AOB 10,
3 CEDC 30,
3 YGE 10,
3 MTW 12.5,
January 2011
3 AOB 7.5
Out of them all, I’m bearish the most on SIGM — it was a long shot and I knew it. I wouldn’t buy it right now — I blew it. Also, the YGE is a Obama play. It’s one of the cheaper solar stocks that’s actually killing profitability figures. That’s one to watch for.
As the market has been punching me in the stomach and taking half of my starting value away from me, I feel that I’ve been positioning myself in order to take full advantage of the “Hulk” effect. I’ve been placing lay-away orders on companies in similar positions as me, and slowly losing purchasing power doing it. I think that even if my option positions crumble to nothing, the rest of the portfolio’s I manage will surely rebound with returns greater than you’ll see from the Dow 30. Will my option positions crumble to nothing? Doubt it. I make highly calculated bets. Most reports predict the end to this by the end of 2009. I’m just trying to take advantage of that by riding my companies through the roof that I’ve been yelling about all along.
I’ve been reading reports lately, I’m incredibly bullish. Hedge fund investor (cash flow and holdings) consensus reports indicate a capitulation point — so do Insider transaction reports, as well as mutual fund cash flow and cash holdings reports.
Obama’s going to throw $500B at the US consumer. If I had a bet right now, bet oil has bottomed. I called the top. Now’s the bottom. It’s at $55 I think today. It’s back in the realm of normal trading — as indicated by the fact OPEC is cutting production.