stock trade ideas and covered calls 4/20/2010

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.
Today DOW is slightly ahead and ndaq is slightly negative but semi's are going negative at a faster rate. I suspect this is only teasing. If we take intel report in to consideration, we can say, next two quarters tech boom will continue. Question is how far stocks will go up. At present I am not putting money in to market. As I had mentioned earlier postings, I have covered calls on GDX, VPHM,UPL, etc. I will buy these back and make some money out of falling market. I will wait for couple of day's then act.

USD,UPL both have been corrected to almost 8% from recent high's. At most 3-5% more may happen. Then it is time to get in .

It is not bad time to get/add some POT,FCX, I had mentioned about POT and MON. FCS can be added at <77.
Toady MON has done well. Long term I do not see any problems.

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