We are on fire today folks: January 28th, 2009
January 28, 2009 – 10:42 amOver the past two weeks, I have had really only two flaws in my portfolio: my attempt to short gold and utilities. But today, my portfolio is on absolute fire, but I do remain very cautious and I am treading very lightly. For instance, if you own anything the deals with financials, a 5% trailing stop is in order RIGHT NOW! I ended up closing out my Visa options for about a 100% gain. I have a few others in mind that I may make later.
God bless and God speed.
9 Responses to “We are on fire today folks: January 28th, 2009”
this is sick !!!! im up 235% today
By john on Jan 28, 2009
nice. with what holdings/options?
By jmoon on Jan 28, 2009
STT, FAS , X , FCX , SSO , SCO ive been holding on these for a couple of days now i hope i dont get killed tomorrow trailing stops on all of these
By john on Jan 28, 2009
right on. I purchased bni and dvn puts midday
By jmoon on Jan 28, 2009
sweet
u holding bni for long? i mite jump in on it as well next couple of days
By john on Jan 28, 2009
Probably not too long. I am still long but these companies were in some tasty resistance levels. If we see a healthy open lower in the morning, I will take the chance to sell the puts.
By jmoon on Jan 28, 2009
ok .. good thing i had trailing stops today only position i left is SCO i really don’t believe in any oil rally unless any geopolitical reason analysts are so stupid too much inventory and if the averages don’t rally neither will oil
By john on Jan 29, 2009
kudos. I am telling you, the trailing stop will be your best friend this year.
By jmoon on Jan 29, 2009
sure is
By john on Jan 29, 2009