Thursday, July 7, 2011

Lulu update: the higher it goes the more excited I get

Well folks, I was a day early, todays candle indicates some market confusion, and thus is what perceived to be a halt in price appreciation. I mean, sure it could go to $130, but the techs are telling me the run is on its last legs. Tomorrow's NFP's will determine whether the markets gets smoked, and weather this goes back to $100 before Wednesday. Let see what happens. This is extremely overbought. I hold the AUG 20 $115 PUT. Of course undercover QE3 has commenced so I may be squeezed. Good luck.


I will be in and out all weekend. Heard some insider chatter of a new RIMM phone coming out soon. My boy had his hands on it today says its OS is lighting fast. I will be picking up some RIMM calls next week on weakness.

9 comments:

  1. Lulu overbought? C'mon SGS, those damn yoga pants make even the nastiest cellulite ass appear lifted and toned. I say this from experience - I've peeled 'n' revealed my own unfortunate disappointments that I'm certainly not proud of lol.

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  2. http://www.youtube.com/watch?v=Xg9AHpk9H_I

    this is great info on Bill Gates eugenic plans.

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  3. @SGS, looks like your butcher was right. After a huge take down, cattle is on its way back up. The feeders (FCQ11) are screaming higher, and live (LCQ11) is now getting some good footing. Hope you got your moo on when you first alerted us to what he said. Have a good weekend.

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  4. capitald, I feel the same regarding nflx. Yes the robots have let loose and the price performance has been ridiculous, but they do have a solid product with a lot of room for more growth. Experience tells me not to try to top pick and fade these darling stocks. Who knows. Today could be fun.

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  5. Corn is back...fundamentals trumping HFT

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  6. SRocco - guest post. Here someone else seeing what you seeing......

    http://edegrootinsights.blogspot.com/2011/07/high-quality-gold-deposits-becoming.html

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  7. Ok so your long corn then at 600. You did buy more didn't you?

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