POT

Google (GOOG)- A Bearish Play

By | Trade Ideas | One Comment

It was an intense sell-off day with down volume accounting for over 90%. All of the major indices have now broken and closed below their September 25th lows and their uptrends dating from the July 8th. Chicago PMI had already provided hints that things aren’t that rosy yet. But hey, who knows. This might be a short term pull back, to quench the bears’ thirst, before new advance resume. Whatever your outlook is, play it…

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Is It a Follow Through Wednesday?

By | Daily Report | No Comments

A few days back I mentioned about “show me the volume“; It was no different yesterday in spite of such a huge market rally. And even after what might look like a resumption of the bullish trend, it was no way closer to a 90% upside day for NYSE. So handle with care. Pete of option-1 suggests not to buy into this rally. We’ll see if markets can follow through yesterday’s gains to push it…

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Thrilling Expiration Friday

By | Daily Report, Option Expiration | One Comment

Too much to handle for the week which slowed down the postings this week. What a “Rambo Fed” action that was (I was looking for a picture replacing Bernanke with Stallone but gave up after a few searches). But guess what, was this really surprising, I don’t think so. Uncle Ben has already made this clear long time back.To find out what other tools Uncle still has in his magic box, you may want to…

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Pre-Market Losers

By | Intraday Trading, Trade Ideas, US Market | No Comments

A fantastic day (of course assuming that one embraces volatilities well) for some bearish play. Bearish plays on a bearish day can yield significant returns but one needs to be very careful and should clearly defined entry and exit points well in advance. Before I share the list, pls note that we may play some speculative trades for OPNewsletter subscribers as bonus alert, so pls stay in touch with the forum. TTWO, AAPL, RIMM, FSLR, GOOG, AIG, BAC, JPM,…

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POT (+54%), CF (+28%)

By | Intraday Trading, Trade Ideas | No Comments

Before market opened I talked about Fantastic Four (POT, MOS, MON and CF) and to keep an eye for bearish strategy. Here are the intraday trading results of the two bearish play I used for my intraday trading set-ups (POT and CF). Though these fell even further, but double digit gains for less than 1 day holding aren’t bad by any measure. Few month’s back I had written about where we were headed and what…

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Ospraie to shut flagship commodity hedge fund

By | Market Psychology, US Market | One Comment

Ospraie, It took 8 years to reach where it was, one of the largest commodities fund. It took nearly (or less than) 8weeks for it to close! According to a news published on Reuters, Ospraie Management LP is shutting its flagship commodity hedge fund after losing 27% in August and almost 40% this year, according to a letter that the firm sent to investors on Tuesday. Ospriae Fund Ltd., which had roughly $2.8 billion in…

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