Investing and Trading News, with a Contrarian, Sarcastic Twist!
I just installed an application called Disqus on the blog after reading about it on TechCrunch. It’s supposed to help make the comment section more interactive and easier to manage. I believe it only applies to new posts – so let’s try it out, and let me know what you think. I’ve been trying to […]
Byron King, author of Agora’s Outstanding Investments, talks on CNBC about oil prices. I’m an Outstanding Investments subscriber, and a big fan of Byron’s analysis. This guy is all over the oil situation – he flies around the world going to geology and energy summits – he knows what’s going on. Here he says he […]
Well I picked up some cotton this morning – got filled on the May contract at 71.87. I have to admit that I’m following Dennis Gartman’s pick on this one – I am on the free trial subscription to his newsletter. Normally I wouldn’t have bought so soon, so we’ll see how this works out […]
Just catching up on my reading here – found a good blog post from Investor Prieur du Plessis, who is based out of Cape Town. He investigates the overbought condition of many commodities and speculates that we could see a breather lasting for several months. However his post was last Wed – so maybe the […]
Another tough week – I’m not really helping myself with these currency and S&P losses. Trying to cut my positions further until I get back on the winning track. Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 03/13/08 Short 1 JUN 08 E-Mini S&P 500 1315.75 1328.00 ($612.50) 03/13/08 […]
Wow – what a crappy week in the commodity markets. The biggest one-week drop in commodities in the last 50 years took place this week – and it wasn’t even a full trading week! I hope everyone is still relatively intact. I am taking some hits myself, but still standing and fortunately still profitable on […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 03/13/08 Long 1 MAY 08 Cocoa 2891 2904 $130.00 03/12/08 Long 1 DEC 08 Cotton 89.95 87.40 ($1,275.00) 03/13/08 Short 1 JUN 08 E-Mini S&P 500 1315.75 1303.50 $612.50 03/13/08 Long 1 JUN 08 Japanese Yen 0.9992 1.0155 $2,037.50 03/12/08 Long […]
Regular readers know that we’re keeping an eye on developments in the lumber market, which is suffering from its lowest prices in decades. I got the idea from Tom Dyson at DailyWealth, and his follow up article earlier this week inspired me to do some more research on the subject. If you’re also intrigued by […]
Listening to Jim Rogers, my hero, never gets old for me. Here’s a recent interview on CNBC. My favorite part might be the poindexter who keeps asking him dumb questions and getting Jim fired up. In wrestling he would be called a “jobber” – the guys they used to have in the 80s and early […]
Props to our buddy Pharmer, who called this one on the correction a few weeks back. Rice was the last shoe to drop in the grains correction, and the first to be roaring back out of the gate. I just had one contract filled at 18.98, and rice is currently sitting at 19.05 – basically […]
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