Wednesday, April 16, 2008

Good Wednesday Morning.

Had some computer problems yesterday and was unable ot post. Sorry!

Okay, Intel beats the numbers, do anyway care to notice that the numbers have been significantly massaged downward so they could beat. I am not trying to be a stick in the mud but is this not common sense?

Did you catch Wamu's numbers? But hey, raising 7 billion is reason to party, right! Housing starts are down 12%, foreclosures are up, this game is just getting rolling folks.

I want all of you to read this article by Martin Hutchinson. It is well worth your time, just don't read it after you eat as it may make you sick to your stomach.

I had read last weak officials in Iceland are after profiteers in the currency who need to be punished. Politicians in the U.S. want to go after speculators in energy who are driving up prices. Where were these politicians when speculators were driving up housing prices to astronomical levels. Where were they when Flip This House came to life. It looks to me like you can only profiteer in areas they deem appropriate. We are headed down a very awful road. Crude, gold, silver, stuff that cannot be manipulated, printed and lied about are doing quite well. WHAT A CESS POOL THIS HAS BECOME.

Still don't believe me. Have a read over this article and see what you think. I will be posting some charts later on.

Good Speculating to you all.

Open Positions:
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 2 units US Gasoline Fund ticker UGA @ $51.25 stop at $47.84
Long 1 unit Ultrashort Dow ticker DXD @ $53.20 stop at $50.80
Long 1 unit Ultrashort Russell ticker TWM @ $74.80 stop at $72.40
Long 1 unit Ultrashort Nasdaq ticker QID @ $44.65 stop at $41.30
Long 1 unit Ultrashort Financials ticker SKF $102.20 stop at $95.80
Long 1 unit Ultrashort Real Estate ticker SRS $86.40 stop at $81.70
Short 2 units Daimler AG ticker DAI @ $86.20 stop at $88.05

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