Sunday, January 11, 2009

The STAIRWAY to CHINA!!! ~ *SHORT* PetroChina Company Limited (ADR) (Public, NYSE:PTR)

......  TO HELL

*SHORT* PetroChina
 $89.40 -3.63 (-3.90%)

TARGET #1  = $86ish 
TARGET #2 = sub $83

The Chinese "government run" Oil Fund sounds like an oil stabilizer, we think the opposite.  *SHORT CHINA & OIL with *PTR! 

HEDGE:  LONG PBR & HK calls. 

"There's a feeling I get
When I look to the west, 
And my spirit is crying for leaving. 
In my thoughts I have seen
Rings of smoke through the trees,
And the voices of those who standing looking.
Ooh, it makes me wonder,Ooh, it really makes me wonder."
p.s.  The Chargers & America's Saddest City ;-( 

 add KUB


BUY ON THE DIP said...

PCLN 72.29 -2.91 (-3.87%)
PTR 85.73 -3.67 (-4.11%)
JRCC 14.61 -0.76 (-4.94%)
BG 48.19 -3.23 (-6.28%)*sold 1/2

COST 49.54 +0.40 (0.82%)

BGZ 61.78 2.85 (4.84%)
TZA 52.70 1.45 (2.83%)

BAC 12.20 -0.79 (-6.08%) *sold Jan puts, holding FEB, MAY 12.50s

etc ..... go team!

BUY ON THE DIP said...

31.76 -0.33 (-1.03%)

did FAZ hit 55???

Anonymous said...

excellent call on GS

Anonymous said...

what is the target on KUB?

BUY ON THE DIP said...

KUB, $10

Anonymous said...

botd faz 46 almost at 55

BUY ON THE DIP said...


WFC calls. buy on the dip

JAN 26s....

40cents . -0.17 (-29.82%)

BUY ON THE DIP said...

short'd X!

Anonymous said...


Can u recommend a good site or book...for learning to play options..

Lubes said...

And here comes the Curve Ball JPM to host earnnings ahead of time on the 15th

Kidd Jones said...


bought me some CELG today $49.50
this stock has been murdered the since hitting $56.60

" Celgene expects to exceed its annual guidance and advance multiple clinical, regulatory, commercial and financial initiatives in all areas of its global operations, underscored by European Commission approval for VIDAZA® and globalization of Celgene operations in more than 65 countries. "

earnings coming the 29th im bought some today and will buy it down til earnings.

any thoughts on CELG?

BUY ON THE DIP said...


we've traded CELG unsuccessfully a few tooooo many times. we have no opinion. sorry.

cheers to ohhhhh 9!

Kidd Jones said...


also joined the WFC party with you today. under that $25 price seems to be gold in dem dare hills

Anonymous said...

Lubes, which side do you expect JPM to trade post earnings?

Anonymous said...

HK owes its fame to BOTD! HK HK all the way!

From a Trader’s Brush: an Oil Painting

Read it and weep! (tears of joy that is)

Anonymous said...

what percentage do you put your stoploss at when you get in a option?