Why is oil up on high inventory levels?
Mexico is increasing its gasoline imports by 20% FROM the US due to slowing oil flows from Europe and South America.
Game on for oil I think but let’s wait until we hit my target $60.55 per bbl before going too crazy. TMG didn’t wait though, Monday’s Trade of the Day #2 is up another 3% today. No major reason to sell it yet.
Another Blah day overall – gotta wait until 2pm when they read the tea leaves from the Fed minutes to get anything going but oil prices are ticking everyone off.
Still waiting for a pullback to get out of Gold, huge momentum today but MRB is just sitting there waiting for some nice person to buy it… Targets were raised today on Barrick and Placer Dome by CSFB, who usually know what they are doing but our pick, GG, has been moving better today.
http://finance.yahoo.com/q/bc?t=1d&s=ABX&l=on&z=m&q=l&c=pdg%2Cgg
GM is trashing the dow but making me very happy!
For .10 I’m gambling on some December TWX $18 calls.
TASRE has started turning up 3%, no news so financials must be forthcoming, that was a pretty good call yesterday!
PLAY is up 6% on this lousy day – I love that stock…
Somebody who sells “Coal Scrubbers” and let me know! There are a bunch of power plants who are going to have to convert off gas asap! BTU and ACI will benefit from this as well.
The sale on EK is coming to an end, thank you for shopping at Bear Mart!
Due to yesterday’s action, I am stopping out of GM puts at $22.40 but I think it will challenge the low of $20.60 soon.
I own Ebay and I am stunned at how cheap it is trading for. Revenues and earnings are up 25% this year and, other than the Skype acquisition, there are no blemishes… Chart-wise it looks like it will be going between $22 and $38.50 before it turns back – I hope not but, if it does break below $43.35, that is what will happen.
Trade of the Day SIRI is up 2% already the calls opened at $1.70 and are up .15 so far!
I guess I overpaid for my first batch of INTC. Another round at .35 then…
