Full index of posts »
Latest Followers
StockTalks
-
$GOOG launching streaming music service this week with backing of youtube how hard would it be to move into streaming video $NFLX 7 days ago
-
$NFLX only broke even after the open on such a bullish day on near double volume. Got the impression momo traders moving to $PCLN $LNKD 7 days ago
-
$NFLX calls again in at 13.20 out at 13.50 7 days ago
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
The Workings Man's Tears Of Joy
6/22/12
So my HNR stock watched for months finally bought into last week has hit the proverbial homerun. This stock has finally had its value unlocked thanks to a 775 million sale of its VZ assets to the Indonesian national oil industry. My only disappointment is I was too afraid to take off all my covered calls at 7.50 yesterday. But I have quite a few (over 10) still at Sept 10.
The Working Man's Crying Eyes
6/21/12 Spent most of the day in the yard working in 100 degree weather but the market was red hot inside as well. Financials, Energy, Materials, Tech all took a real beating. This sell seemed to be the selloff expected for the last few days but throw in a downgrade of all the banks and look out below. Bought a little more HNR at 5.05 but whoa was I early.
Watchlist
HNR 4.88 CMI 91.35
CLF 48.31 JPM 35.45
DAN 12.66 CEVA 17.16
Gold, Silver also terrible days but the VIX didn't rise as briskly as I expected. Much to my disappointment because that was part of my hedge. Extremely light volume should be noted as well. (not even 800 million on the dow)
The Play By PLay Through A Working Man's Eyes
6/20/12
1008 Market holding on with the hopes of a new Twist program or QE3, seems materials and miners are up strong on Rio Tinto's 4b+ investment in iron ore. Seems to be a backward confirmation that the market isnt as weak as it appears.
1316 Market sold off immediately after twist extension was announced, came back quickly. Vix has been falling since into Bernanke's conference. Feel like market will fall after the meeting but again who knows this market is up and down on a whim. Rumors out about eurobonds which if that happens market will go skyward.
1431 I have a feeling bad job numbers will no longer mean a down market. With Bernanke's comments job performance seems to be the primary driver of "additional measures" any bad job numbers could spark hope of a new QE asset buying program