Tuesday, September 13, 2011

Jack be nimble, Jack be quick




Today ended positive but as we know this means nothing when the PIIGS over in the Euro Zone wake up everyday before we do and have their way with the markets. The rumor-mill is in full force and what takes us down one minute, brings us back up the next. With Greece only 3 weeks away from not being able to pay their bills, and the Fed meeting next week, we may finally find some direction for this market whether it's up or down. I bought some Randgold Resources Ltd. (GOLD) and Wynn resorts Limited (WYNN) today as I intend to build a position in both over the next few weeks. Except for Baidu, Wynn (WYNN) is my favorite play on China. I like Las Vegas Sands (LVS) as well, but I think Steve Wynn is brilliant and I like having him at the helm. Whatever you do have an exit plan, cause if you're not nimble you'll burn your ass on a candle, or something like that.

This is not a recommendation to buy or sell any securities. DAK was long WYNN and GOLD at time of publication but positions can change at anytime.

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