Im back from some R&R in Denver, CO. Spent some good time with my family and really enjoyed our day in Vail which has to be one of my favorite places on earth, Im a bit of a skier. Anyways now I have to get my bearings see what the markets have done for the last four days and get my head back in the game. My partner minded the shop quite ably while I was gone, but I have to get my own bearings back.
It appears to me that the bullish camp is growing, and stocks are extremely strong. I got a little winner while I was gone in some AIG calls I was long - We sold em today with the stock up $10 or so. I have no idea what has gotten into this stock but it traded 149 million shares today - huh???
Im pretty sure thats bigger than the float. Remember this stock was reverse split 1 for 20, so at $50 per share its like $2.5, could this go to $100 or $5 who knows - fundamentals have left the building , im not quite sure why I bought calls in there but I sure am glad I did.
We are approaching the end of the month, and I have to imagine people will keep the market well bid, September is historically a tuff month for stocks...here come the curve balls.
Still thinking about those Rocky mountains
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment