Comment by Phil

View Single Comment

Phil
March 13th, 2013 at 11:05 am

Ah, 3/6 must be the day we reviewed GOOG as that's the most recent day of trades – it should not have taken me this long to figure that out…

iPod/Rexx – Would have taken me a lot longer than that!  

X/Jfaw – Emphasis on the LONG but I do like them for the next 20 years at $20.  

Dollar topped out at 83.33 but oil can't even hold $93 as the Dollar is pulling back.  I don't know what oil bulls were expecting but it seems like they didn't get it.   I think my public call to short at $93 is affecting them now – huge amounts of sellers at that line and, if those guys listened to me and refuse to buy barrels back, that puts NYMEX crooks on the hook with contracts they can't wriggle out of and that's what can make them freak out as expiration day comes because it's one thing to be assigned a stock and have it delivered to your account but quite another to be assigned 100,000 barrels of oil and have it delivered to Cushing where you have to arrange to pick it up and take it to your point of sale (if you ever do find a buyer for 100,000 physical barrels of oil in a pinch).  Each barrel weighs about 350 pounds, by the way, so bring a back brace!  8) 

AAPL/StJ – Usually they have a pre-earnings event where they announce stuff.  So far they have only scheduled a developers' conference in March (and you know how important developers are) but they never announce stuff there so we'll have to wait and see what's next on their agenda.  

Thanks Jabob – all better now. 

Paper/Rperi – I'll trade you if you watched my developers link.   Actually, I liked that one a lot.  

Jabob, on the other hand, will be getting an invoice for that one! 

WFR/Lionel – Dropped guidance on price per watt but they expect watts sold to compensate and are looking at about 5% revenue gains over last year (but they lost money last year).  Also, changing name to SunEdison, Inc. – I don't like that at all.  Anyway, no one thought they would have up sales this year anyway as they are retooling for longer-haul so let the suckers run and maybe we can find a nice entry.  April $5 puts can be sold for .55, that's a nice entry to start with.