This is not a recommendation to buy or sell and securities. DAK was long SBUX and SPY at the time of publication but positions can change at any time.
Friday, August 19, 2011
Go with your gut!
When I woke up to the S&P futures down 1.5% and gold up 2% it was looking pretty grim for my end-of-day bets I made yesterday (I'm not really this good), but a little patience did me well as everything has turned decidedly up for the day. I sold my QQQ puts in to the morning dip for a nice profit and I'll be looking to sell my Starbucks (SBUX) and my Spyder S&P 500 ETF (SPY) into this strength a little later. I took a bit of a bath on my Gold Trust ETF (GLD) puts when I sold out this morning. I'll be looking to get short if this market rallies too much otherwise I'll be going in to the weekend holding nothing.
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