Asian markets closed strong. World markets are @ 3.5 week high.
European markets were mixed
Oil UP 55 cents @ $100.85
Gold UP $10.60 @ $1329.20
Canadian $ UP 19 tick @ 90.42
Futures are UP
Here is my weighting :
MU 34.43%
KOG 26.60%
SSRI 23.63%
ZNGA 11.14%
ALU 4.20%
Exposure 138%
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Great job on KOG. I saw the production report had almost no hiccups due to weather and I knew I should have jumped on then--up over 10% since.
Stocktrader
Hi Stocktrader,
Thanks for your feedback on KOG....$12.09 is recent high...hopefully it crosses today....
Saleem
Hey Saleem,
Something interesting in the trading account:
I have 400 of the MOS Feb 49 calls now (200 from Fri @ .14 and 200 from today @ .11).
Building off momentum from the earnings call and stock buyback announcement late Friday, and grain prices really moving up currently, I think there's a decent chance the stock can work through the $49 resistance level and move well higher. There also exists the chance for analyst upgrades as hardly any have commented after the report.
It's obviously risky with only 3.5 days left, but I think the risk/reward is favorable for a high risk chance.
In other trading account news, JKS is my largest position there currently, so I have a bit of profits to play with on some options like those MOS ones. It looks like JKS finally definitively broke above the 50 DMA and that usually leads to a nice follow-on move. I am wary that we are late in the crude oil/nat gas move, but the stock moves tend to ignore a first day pullback in the underlying commodities.
Stocktrader
Hi Stocktrader,
MOS move UP strictly depends on volume......fundamental is definitely much better now & all ag are buying back shares....SO if MOS buying kicks in...the that resistance is gone.....
JKS needs to stay above 50 DMA for more than few days..it has not done it for more than a day recently......but it is looking better today.
Good luck with MOS $$$$$
Saleem
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