Tuesday, September 6, 2011

Mr. Toad's Wild Ride!



If you bought down 300 today you're looking pretty slick right now. What a little rally into the close.! After looking like we'd be down 200+ on the DOW with 10 minutes left in trading, in came the buyers. I didn't do any buying today, though I was tempted, and it would have been way the right idea with almost every stock I'm invested in ending up on the day. The only stock I own that closed in the red was Arcos Dorados Holding (ARCO). I sold all my Spyder Gold Trust ETF (GLD) calls this morning into early strength, and have since taken the opposite trade and bought some (GLD) SEPT 179 puts. 

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

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