Phantasmix Stock Blog

Click to enlarge

My plan is to sell half of my (LYG: 4.46 0.00%) at $7ish, maybe slightly above. Will hold the rest to $12, but have to get to $7 first. I’ll post reasoning for $12 when the time comes.

Lloyds posted a (relatively) fat profit today.

I’m getting lots of site visitors looking for the Depression-era charts. It’s been a popular topic ever since the crash, BUT now more than ever. That’s a contrary indicator, in my opinion.

As for the retail investor sentiment, it shifted far towards the bearish side, very fast.

That’s another contrary indicator.

I don’t want to be short here.

I was holding SPY calls since January 2010 and LYG since December 2009.

I sold SPY calls on Friday and made about 2%, which is of course, nothing to brag about, but I’m still struggling with timing options. Soooo… I’m happy to get out mildly positive/flat.

LYG (international bank, money center) is my only open position and I’m currently in the black on it. I plan to add AZK (profitable junior gold miner) when it corrects.

Will keep scanning charts, maybe I’ll find something more interesting than AZK. But for now, that is the plan.

Earth Lights, Earth at Night
Click to enlarge

I want this!

The ISM-Chicago Business Survey is a proven monthly ‘first look’ at business, government and NGO economic activity in the USA.

Released on the last working day of each month, the ISM-Chicago Business Survey reports the extent of expanding or contracting economic activity.

Subscription:
Your subscription gives you access to this market-moving data 3 minutes before public release in addition to funding the business survey.

Get yer subscription here — Kingsbury International (not an affiliate link but feel free to share these early reports with me, should you subscribe ).

Not even that expensive. Yes! someone always knows the results ahead of time, and seems it’s perfectly legit.

Questrade offers 80% loan value on gold bullion in non-registered accounts. You can buy gold on credit and borrow on the bullion already in your margin account.

More info @ Questrade