Sunday, March 1, 2009

The MAN, the MYTH, the BOTD ~ *SHORT* Goldman Sachs Group, Inc. (Public, NYSE:GS)

 *SHORT* Goldman "BEST of BREED" Sachs ... from the "purple line" of resistance.   BOTD added "puts on the pop" above $93.  
 
 SHORT the MAN.   *DAY & NIGHT* 
The Goldman Sachs *SHORT*

March 80 PUTS
      $3.22 

"Get SHORT, stay SHORT."

$GS = Going SOUTH. Get SHORT. 

The "random friend stock tip" SHORT:  Who's "fired" up? ... Ameriprise $AMP 

GDX "GOLD" MINERS

The "turquoise line" of resistance?!*  ... pull back or break down? ... watch GDX. short NEM. 

*SHORT* Newmont (NEM) ... the over-priced miner.
 ~ the MARCH 40s ~ Finding (NEMOH) $1.84 

2nd choice: *short* $ABX 

HEDGE with SPEC LONG: $KGN .. keeegan! (also check $GRS) 

the "if" we rally hedged-in-a-circle longs:  $IYR "sqeeeeeze" calls, $INTC calls, and the $BAC calls of over-confidence. 

Bullish Watchlist: $MELI, $BIDU, $NILE, $OMTR, $VIV, $LKQX, $BCSI, $HLX, $NOV, $WFT, $BKC, $DHI, $JWN, $MA, $CME and $AZN 

Bearish Watchlist: $COP, $CRL, $CSCO, $MSFT, $GOOG, $ADM, $APA, $LLL, $AEM, $NUVA, $NVO, $UHS, $UPS, $TAP, $R, $JRCC, $SJM, $BTU, $ROK, $NUE, $VMW and $RTN. 

SHORT ETFs:  $PSQ, $QID, $BGZ, $TZA, $MZZ, and $SH. 

LONG ETFs: buy "if" we rally $DIG under $20, $BGU, $TNA and $URE 

p.s.  muuuurrrder. $MDR reports tomorrow.*  
  *hedge with FWLT calls of confidence "if" we rally. 

19 comments:

seizure said...

long SRS. but damn my IYR calls are hurting for now

BUY ON THE DIP said...

MDR 10.09 -1.70 (-14.42%)
GS 86.58 -4.50 (-4.94%)
MS 17.91 -1.63 (-8.34%)
NEM 37.80 -3.83 (-9.20%)

...ouch.
IYR 23.13 -2.01 (-8.00%)
SRS day trade $4+

MDR reports afterhours!

BUY ON THE DIP said...

covered $AMP earlier today.
AMP 14.94 -1.00 (-6.27%)

WINNER.

BUY ON THE DIP said...

MDR single digits! HUGE WINNER!

MDR 9.97 -1.82 (-15.44%)

BUY ON THE DIP said...

bought HK calls to hedge MDR. (holding 1/2 MDR into earnings)



HK 15.23 -1.79 (-10.52%)
faith in floyd!?!

BUY ON THE DIP said...

McDermott reports Fourth Quarter 2008 Results; Net Income of $43.0 million, $0.19 per fully diluted share

expecting .23 cents.

BUY ON THE DIP said...

NEM puts (NEMOH!!!)

1.96 (106.52%)

BUY ON THE DIP said...

the MDR report starting to "sink" in...

After Hours:
9.90 -0.22 (-2.17%) Mar 2

maximus said...

I can't believe I did not get RIG $55 puts when it was briefly back at $62 :'(
Oh, well, NEM sweetened my tears :)

BUY ON THE DIP said...

yep, missed RIG because i was shorting MDR. but we both had that $RIG above $60. you mentioned it more than once. RIG above $60 (like MON above $80, .... works every time)


MDR ...reported fourth quarter EPS of $0.19 after the close Monday, compared to the $0.70 posted last year. The latest quarter result includes $57 million, after-tax, of certain previously announced net expenses. The stock is now down 0.37 on 31K shares.

After Hours: 9.75 -0.37 (-3.66%)

Big Mike said...

Prof. BOTD

How do you pick your strike price in an option? i guess what i mean is how do you know which one to pick?

for example, on MS it closed 17.95, if i wanted to put a PUT or CALL how would i determine which strike price to buy?

BUY ON THE DIP said...

try "in-the-money" strikes for less risk.

"out-of-the-money" for more risk, more return.

BUY ON THE DIP said...

also don't go too crazy deep.

i like to buy strikes that have the potential to go from "out" to "in" the money. when you buy tooooo "deep" out of the money. you'll get frustrated if it doesnt move with the stock. and time decay will eat at your price.

not sure if that helps.

Big Mike said...

Cool thanks, i appricate it like always :D

I missed the PUT on GS should i add calls for IYR or what should i add for tomarrow that is still good? i saw your list but not sure what to add tomarrow

Anonymous said...

Bullish? LOL.

The Conqueror said...

BOTD,

How do you screen your stock picks? I wonder your recommendations were very accurately.

Thank you for your recommendation in the last year to put Bunge. I get profit 600% from Bunge (Put October $55 @$0.9 when the stock prices were still at $120), but unfortunately I took the profit too early. I should gain 1000% if hold it for 4 days again.

I also gained from COF 200% (January 2010 $10 @$150 when the stock prices were still at $45)

As what you have said above, hold far out of the money made me very frustrated

BUY ON THE DIP said...

sold GSOP. HUGE!!!

GS
81.40
-4.87 (-5.65%)

GSOO!!! on the roll down.

BUY ON THE DIP said...

long:
DRYS 2.81 -0.18 (-6.04%)
IYR calls 22.64 -0.74 (-3.17%)
HK calls 15.65 +0.42 (2.76%)
INTC calls 12.26 -0.05 (-0.41%)
BAC calls.

SRS to $105+
SRS 97.55 +5.55 (6.03%)

hedge on!

sara said...

BOTD, that 5000 dow is really getting close now