Tuesday, March 1, 2011

Some Random Items

Bahrain

It appears that Saudi tanks are headed for this tiny island nation.
I suggested we keep an eye on Bahrain as it is mucho important. I suggest you continue to watch it very close and while doing so I urge to pick of a copy of House of Saud by Said Aburish. You won't regret it.

Aw, maybe instead we should all focus on Bob Pisani and his first day of the month trading indicator. What a piece of work he is.

Fifth Third Bank


SEC subpoena huh on how they treated mortgages? Anyone have the odds on Fifth Third execs neither admin nor deny wrongdoing and sticking shareholders with the fine because as we all know
, "what looks like a crime -- at least as presented by a publicity-hungry AG or an agenda-driven filmmaker -- often isn't one." Right Charlie Gasparino?

I need to make sure I file that quote one under 'tea bagging 101' . Put aside Charlie's charming personality and read his piece in the NY Post today called Why No One went to Jail. My take is it just shows how clueless or complicit Gasparino is on the subject. Take your pick.

And the mainstream media hacks still wonders why more and more turn to the internet for information not only answers but the questions.

Goldman Sachs

Board member Gupta charged with providing insider information?
At Goldman Sachs?
You're kidding right?
The Goldman doing God's work?
That Goldman?
C'mon, its gotta be a misprint.

Gee, where's Chris Cox when you need him?

Housekeeping notes:

I was stopped out of 1 unit long of DZZ this morning at $7.84 for a loss of just over 1/2 a pt on 1 unit.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $96.70
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $98.25
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit U.S. Dollar Bull ticker UUP @ $22.56 stop @ $21.44
Short 1 unit Freeport McMoran ticker FCX @ $56.40 stop @ $57.76
Short 1 unit Darden ticker DRI @ $49.51 stop @ $60.11

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