At the end of April, I recommended buying TLT puts. That has paid off handsomely (95% returns in 20 days).
I asked people to wait for S&P to touch 1450 and then short aggressively. The stock market has rallied, but still hasnt touched 1450 yet. It is a good time to unwind positions.
Told folks to buy the dollar (UUP)...worked well so far.
Check it out yourself!!
Stay tuned every month for my stock tips.
Resist the temptation of becoming the "bali ka bakra"!! If SPY touches 150, then buy SDS!
I have listed several 'plays' for this market - UUP, TLT puts, PMF, PML etc etc ...check out my past recommendations too....
I have been consistent with my recommendations and have been right on target for the most part....
Let me verify -
Invest $100 in SPY, $100 in SDS. Portfolio $200.
SPY drops 1% to $99. SDS gains 2% to $102. Portfolio $201.
SPY gains 1% to $101. SDS drops 2% to $98. Portfolio $199.
Ah. dont bother.
All dogs...
HD is definitely going to disappoint.....credit crunch and home price declines are going to hit it very badly. Check the results for Lowes before putting down any money on HD...the co has not downward revised its 2008 earnings...meaning it is setting itself up for disappointment
MSFT might be relatively safe...dont expect spectacular returns anyways....but is a good 'preservation of capital' play.
IIF.....stay away....don't touch with a six-feet pole!!!
