Thursday, April 10, 2008


Well my commodity rollover theory lasted for about a week and things are ramping up again big time. I was lucky enough to make money in that window while it was open on the short side, but it now looks higher, at least for now. I now think oil could run to $120, not right away,but the range I had predicted for oil at $100-110 could easily be $110-120 now. I am also thinking of getting long PCU, even though I loved it as a short a couple of weeks ago. I like it as a long if it can break out over $120. It could measure to $132-135. Keep in mind it is very volatile, but that is the level I will be watching with great interest. I am also looking at gold again as a long but this time I would play it via DGP which is ultra long(2x the move) etf


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.