Friday, April 26, 2013
Go Big or Go Home
Infused capital and built large bullish position in ACI today. Based on 'original formula' technical analysis that has been so good to me in past. One billion market cap representing approximately 1/6 of the US coal market. Too cheap to be ignored by value investors for much longer.
Thanks for Nothing
Sold virtually worthless UNP calls at market. In hindsight, should've bought the TGT $70 calls a few days ago. Live and learn. Back on the saddle.
Thursday, April 25, 2013
Blue & Lonesome... and I'm Not Talking About Bluegrass
UNP made some gains today to put my meager position up 60% or so. At that moment, I reminded myself I am a middle-man. The next moment I rechecked my trusty charts and got greedy. Naturally, all of the gains were sharply given back - and then some, seeing as the calls expire tomorrow - with the broader market sell-off. Here's to some healthy numbers pre-market tomorrow. Just one long (open) candle is all I ask. Technicals suggest it's possile. Here's to fudging the numbers!
Wednesday, April 24, 2013
Lets try this again, shall we
It's been 9 months since I last posted. System needs to be dusted off. I was right on HNZ... just a bit early. Getting anxious. Been at this for several years. Half heartedly more recently due to my work load. Right now swinging for fences. Using (close to) original formula. Throw me a frwakin' bone already! Have UNP 150 calls expiring Friday...
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