Japan...The new Black Swan.

  Before the discovery of Australia, people in the Old World were convinced that all swans were white, an unassailable belief as it seemed completely confirmed by empirical evidence. The sighting of…


Closed SPY short on the open

It took a little of the sting off but far from a good day.  We are outperforming the markets but that's saying nothing.  You can't eat relative performance.


We shorted a large amount of S & P ETF

We shorted a large amount of SPY after hours when we learned of the deteriorating nuclear meltdown problems in Japan.  Unfortunately we didn't short more.    I'm sorry to say we did this as insurance…


GM and the Japan earthquake disaster present a compelling opportunity

GM reawakened from the dead and bankrupt went public again at the end of 2010.  It was a heavily subscribed gigantic IPO and the stock did well peaking at around $39 during the first of the year…


Our 10 largest positions in order of size- subject to change

1. Tap  Molson Coors 2. NLC  Nalco Holding 3. AXP   American Express 4.  AAPL  Apple 5.  AMSC  American Supercondcutor 6.  OSTK   Overstock 7.  Cullen Frost  CFR 8.  BAC  Bank of America 9.  PG…


We continue to find new opportunities but insiders are retreating

This is a very interesting chart that graphically shows the amount of insider selling versus the S&P 500.  Note the buying climax coincided perfectly with the March 2009 lows in the market.…


MBI- I'm very curious about this one- Earnings tomorrow

CEO Brown bought 100,000 shares of this mortage insurer in Nov 2010 at 10.  The media has had lots of play about mortage irregularities and the potential of claims MBI and others might have against…


50% in cash now and waiting

The last couple of days for us have been very frustating.  We were perfectly positioned going into the President's Day weekend and suffered almost no losses on Tuesday.  I wish we could say we have…


Oil, Gold, and Market Correction- Should be no surprise to our readers

If you will search on our posts, you will see we suggested buying the USO (that's the most popular ETF tracking crude oil), several of the largest gold miners, and lastly we have repeatedly warned of…


Akamai, this time might be different

We have traded out of most of AKAM with profits, keeping a small tail in the Mar 42 options.  Normally CEO Sagan has been a size  buyer when the stock got whacked. This time he's actually selling