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Tate Dwinnell's  Instablog

Tate Dwinnell is an independent investment analyst who, after spending time as an analyst for CANSLIM.net, developed his own websites with the goal of empowering the self investor and helping to level the playing field between professionals and individuals. Tate currently runs a membership... More
My business:
Self Investors LLC
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greenstockscentral.com
  • S&P Wants 943, Gold Stocks Perking Up 0 comments
    May 6, 2009 10:42 PM | about stocks: NAK, SA, AU, IAG, SPY

    875? Not a problem.  900. Adios.  With the market loving the leaked stress test results and closing around the highs of the day, it's now looking increasingly likely that the S&P wants that 943 level of the Jan 09 high, so another 2 - 3% potential to the upside in this market before I'll be selling everything I own to short this market.. I may even do a bit of pan handling to raise a bit more coin to go short.  At the very least the market is offering up the finest short opportunity here in 2009 and quite possibly rivals the short opportunity seen last May.  Sell in May and go away? That's looking like a mighty good bet at this point. I'm turning my attention to gold stocks once again.. added NAK a few weeks ago and seeing enough strength from the likes of SA, AU, IAG, etc that it's time to add more exposure.  I won't too aggressive until GLD clears that 90 level though.. could happen tomorrow.
     

    Themes: Gold Stocks: NAK, SA, AU, IAG, SPY
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