RTQS Real Time Stock Quotes

GOLD: It looks like lot of people are putting money in to gold as safe heaven for now. In my view it is not the time to buy. I have bought GDX in $40 range, now it is sitting at $52. I have written covered calls on GDX.
If you have any gold stocks, Just write covered calls and collect excess of 15%. This way you can protect your profits to some extant and also allow room for more profits.

My new additions on Friday:
ERX, USO,USD(add to what I have) RINO and JST.

ERX and USO are oil play. If you buy, you need to be on top of these two.
These are only short term profit play's.

It looks like we will be in a see saw mode for a while. It is not good idea to hold any thing you buy for more than a day or two. Best thing is to take profits as and when you can. Buy dips and get rid of them as soon as you can. Market can slowly edge down or stay at these levels for next few months. On 1000 point drp day, I bought USD twice for an average of 29.20 and sold it at 32.40. If I had waited, I would have made 3K more on 5/10/2010. But who would know. I am happy I made 3.2K + collected another 2.45K for USD24 nov puts.

Friends, Just look at my 4/22/2010 posting. I was expecting this kind of correction, I had established covered calls on most of the big ones. As a result I am able to protect my profits to some extant.
Since 5/3 I have been doing very fast trades on HAL due to swings.

I am sure correction is not over. Never the less I have started to add positions. Today I have bought more of USD, SMH, UPL, HAL. I also think it is good Idea to invest in Indian and Brazil stocks. I choose ITUB and BTM of Brazil.

I have been observing the market movement. This is giving me very cold feeling. More and more I see on stock value movement, more I tend to go with the notion that we are due for a big correction down side. It has become a very big decision to hold or take the profits and get out or write covered calls to protect down side. I have established quite a few covered calls.

IBN, GDX, UPL, HAL, VPHM
and few more. All are protected to at least 10% down side from the levels I bought. At present all the above are up and in some cases 20-30%.

As I had mentioned prior to Goldman report on over valued market, Market and specially individual tech stocks/ETFs had a very big run till 4/16/10. We are getting corrected since 4/17 including today.

It looks like we are establishing a new base level at this point. Market has become more robust. Long due correction is not happening and now it got pushed out further due to tech strength. So what do we trade now. I see good news in GS down grade of POT as a result agri sector stocks got corrected. I only see this as accumulation op. I like

POT, MON ... . If you are not comfortable, one can get agri ETF MOO.

For the past 5 weeks are so, for no good reason market has been going up. At least on some of the stocks and ETF's I own, volumes are not heavy, but price is nudging up. I have reasons to believe this market is being manipulated by few biggies. I have added very small portions during dips and when possible Have done covered call(leaps) play. I.e basically sell the leaps, buy back when the stocks correct and sell the leaps when the stocks move up. This has worked very well for me. At present I have many stocks but I will list few which I am holding and add during dips.

Friends I am back to trading. I will be posting regularly

On 3/18/09 I had recommended HDB,IBN, PETD,HAL,SMH and USD.
You can see for your self, some of of these have gone up 80%. Market has gone up about 30%. I have done better.
STOCK 3/18/09 price ======== 5/8/09 =============
PETD 11.50 ==============20.55
IBN 13.00 ==============22.50
HAL 17.00 ============== 21.00
HDB 52 ============== 80
SMH and USD have shown about 10%.

I have done the following some time back. I add very small portions at a time.
Dollar cost average. This way you do not get wiped out, alos you can regulate the buying intervals.

(1) Bought MRVL stock. sell Jan 2010 $10 calls, collect $1.70 . This gives protection to $7.20. Upside profit is more than 20%.
(2) Indian Banking is not as bad as US. There are two Indian banks I like
- HDB, IBN ( little risky but good returns).
(3) I like OIL: PETD, HAL are good ones. I see excess of 25% profit by the year end.
(4) I keep adding to SMH and some to USD.

Which state has the lowest tax? It can be broken up into income tax, property tax, sale tax and auto tax. These are top 10 cities. Kiplinger had survey for the 2007-2008. This includes state and local tax burdens for the largest city in each state, plus D.C.