On Monday September 29th in Baltic Dry, Commodities, Bubbles I re-iterated: I’m Still Short Commodities as the Hedgies Puke.
Today I’ve reduced that position, leaving me with my last 25% of SMN, DUG, HXD.TO, HED.TO, HOD.TO.
Today I’ve reduced that position, leaving me with my last 25% of SMN, DUG, HXD.TO, HED.TO, HOD.TO.
I think the hedgies are almost done puking, take a look at AGU, MON, MOS and POT. I may pick up some of these names for a bounce trade... after Non-farm payrolls and just after the House votes "YES" on the damn bailout.
Posts
3 comments:
GDX got crushed today, too. I only got the first half of it, though. I'm such a terrible trader . . .
-Mike J
Great post, love the chart comments!
You're really on fire lately FN, both in terms of trades and post-quality (which have always been high, but are terrific lately).
Cheers!
I expect commodities to spike when the bailout passes due to the dollar.
Post a Comment