Quote:
Originally posted by willcls
ya i have short positions in gold and oil stocks/etfs
also index puts
oil is going to roll over hard!
i entered the oil shorts yesterday and made an early call on gold short couple days before that but overall im happy with how im positioned right now
some of you guys are going to get super burned from playing stupid penny stocks, they are the worst investments ever. i dont even look at stocks under $10
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I agreed with you about the penny stock comment.
Some of the stocks that recommends here (for example "MCEL" found in page 15 of this thread), .. it was down nearly 60% (from 0.27 to 0.16) in a week after the guy said he will hold for couple months. Good luck to him! I never looked at stocks that are valued under $15-20.
Oil/gold might have a pullback in coming week. It was due for a pullback. However, overall trend is heading up as US economy is going into a deeper hole. Investor is buying oil and gold.
Just a side note, lots of shorts are shorting oil at $100, and now shorts are covering, that's why we will see a sharp raise from $100 to $105 in a day.
I am guessing the stock market will be in a much better shape in April. I would recommend to buy "GS" and Visa IPO in the coming future.
I am currently holding:
MDR (largest position of the total investment)
FWLT
FLR
GG
MA
Looking to buy in the near future:
AAPL
GS
C
RIMM