I was right on oil, right on gold.

Covered my Goldman short for a nice gain and am kicking myself for not shorting RIMM like I should have, 8% gain lost.

Have a nice weekend.

Money Never Sleeps, Pal...Redeux

I was in such a rush to leave the office I forgot a few key points. Oh and I was right about oil and gold.

Well if you don't want leverage I'm not sure about a non-levered oil short ETF but you can always short USO (if its available). Buying USO though makes you a [Daniel Plainview]Speculator[/Daniel Plainview] and the enemy of the general public.

I had intended to tell you to short all the indexes on any and all strength. To do so you should buy DXD, SDS and QID. For non levered soultions you could buy DOG, and short QQQQ. DXD and DOG are for the Dow Jones Industrial Average, QID and QQQQ are for the Nasdaq and SDS is for the Standard and Poor's 500. Admittedly I'm not too fond of SDS because it (S&P 500) has strength in energy stocks typically making it less likely to see large selloffs, although I do like it for it's tech strength. I'm bearish on tech.

Good Luck and Good Trading

EDIT: I would also short these into any strength, retailers, banks especially Lehman Brothers (LEH), Research in Motion (RIMM), Valero (VLO) when oil is low, United Airlines (UAUA) and other airlines except Southwestern (LUV) following the same principle as Valero. Valero is a small sized oil refiner who buys oil then turns it into the various objects it's used for key word "Margins"

Side Note, since I actually do love you all

RIMM (Research In Motion) missed earnings estimates. I found it laughably funny that analysts were tripping over themselves to upgrade and raise profit estimates for the company? That was my choice of a stock to short before earnings (I rarely ever trade earnings). Down $10 in after hours? A sizable beat was priced into the stock, gotta love momentum traders fools. I'll discuss the greater fool theory at a later date which relates to this. The question I have for them and all the analysts on Wall Street is...WHO THE FUCK BUYS A $300 CELLPHONE IN TODAYS ECONOMY? I guess $4/gallon gas and food inflation isn't bad enough to decrease phone sales, or the fact that companies are shedding employees like they have the plague and aren't really replacing them.

I should be kicking myself, that’s an easy 8% gain lost. I'm also worried, the geniuses that kept raising their RIMM targets are the same people I hope to one day join, and it appears that an MBA is a factory for stupidity.