Been long since the update on 3/21/12 @ $70.25 on breakout..... and took gains today on half my position and wrote the June $77.50 calls for $0.77 on the remaining half position...
original post link: http://mychartdiary.blogspot.com/2012/02/ko.html
Monday, April 30, 2012
KO update...
Been long since the update on 3/21/12 @ $70.25 on breakout..... and took gains today on half my position and wrote the June $77.50 calls for $0.77 on the remaining half position...
original post link: http://mychartdiary.blogspot.com/2012/02/ko.html
Global Market in review...the Elephant is in the Room and Looming Large...Global Markets have TOPPED!
S&P 500 currently @ 1412
I had a very busy and productive weekend. I just finished posting the largest 15 or so economies in the world per nominal GDP...annotated on each individual country chart are my thoughts, analysis and where I see them headed...Long story short I am NOT very optimistic about the next 6 months / year + as many of the largest economies in the world appear in the clutches of the next bear move lower...I believe all or very close to all equity markets have topped for this cycle...mainstream media of course does not see this coming at all...wall st analysts continue to cheerlead the rally / recovery and are doing a very big disservice to main st....YET AGAIN! This concurs with my assessment of where we are in the cycles...nobody apparently is quantifying downside or risk, which gives me more confidence in my analysis...the herd is leveraged long and so are many investment managers / advisors...this is exactly what sets up a huge down-wave...like yelling fire in a theatre as first it is concerning, then worrisome, then scary, then a downright panic sets in across the board as it becomes an outright scary run for the exits...they don't ring a bell at the top....but this is exactly what I'm doing....the alarm bells are ringing...and ringing very very loudly if you are paying attention....technicals are disgusting and calling for a complete wash-out...I'm guessing it will be somewhere between the '07-'09's -57% bear market and last summer's -20% slide....it will most likely be to the tune of -25-50% and quite possibly worse! The elephant in the room is telling me not to wait and see if it's as bad as '07-'09....I'm pretty short at the moment and ready to rumble....
Friday, April 27, 2012
Thursday, April 26, 2012
CELG update
AKAM update
Tuesday, April 3, 2012
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