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Currently up 23 percent YTD. Positive equity trading results in 15 of the last 18 Months. Former Hedge fund trader, Professional Equity Researcher, Paid Blogger, Bitcoin Specialist/ Trader, Entrepreneur, Venture Capitalist. Typical Equity Trading focus on High-Yielding equities and/or... More
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  • Monday (12-20-09) Trade Ideas 1 comment
    Dec 20, 2009 11:16 PM | about stocks: GLD, UNG, V, GTU, IMAX, LDK


    IMAX - I would watch IMAX and look to get short on any spike around $13.00; the fantastic Avatar sales are baked in to the share price at this point and this should get a 'sell the news' reaction sooner rather than later. 


    LDK - LDK Solar had a secondary offering that was lowered in price and number of shares due to lack of demand. Traded off nearly 13% on Friday because of the news to $6.85. I think this will trade above $7.00 in near future, and could be worth trying a long position in because the news should be soaked in by now and the actuality is that LDK now has more operating freedom to make future profits now that they fixed their short-term cash position problems...


    V - Visa looks to be setting up for a nice pull back from its recently S&P addition buying frenzy. It is now up 62% on the year and is looking a little rich to most investors I would think. No one left to buy after insane pumping by Jim Cramer and CNBC, I would short it back to <$80.00 within a month.


    UNG - With the recent strength of natural gas and the weather finally getting a good winter storm across the country I think UNG is a stock that could warrant a trade. I think giving it a shot from the long side near the previous close is a decent trade, speculators might decide to sustain this nice UNG run for a little bit longer...


    GLD - Shorting (GLD/ GTU/ miners) could still be worth a shot while the dollar has been showing us that it has found a bottom. I wouldn't doubt the metal going back to test the $1000 level in the near-medium term.. 

    Disclosure: No positions
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    Author’s reply » What do you guys think the best trade is? I'm thinking Shorting Visa or Imax would work out best...
    20 Dec 2009, 11:32 PM Reply Like
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