Stock trades, covered calls, put options May 17 2010

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.

USD is semi: This is also short term profit play.

RINO is Chinese waste mangement company. I see grate potential for this.
JST is also Chinese play.
I like RINO and JST both.

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