S2 Option Trader

[plashadpobedy]

Oh my, how much money do we have to lose proving your recs are just plain lousy, and counter the trend.

The old market of Pring and others are gone. Have been for quite awhile. I tried to get through, Steidlmayer's "Trading with Market Profile" last year, but even that is now a dead paradigm. The market now moves on the "liquidity" infusions of the FED, which we believe is coming to an end at the end of June. Though, if the debt-ceiling is raised, it will be carte blanc for FED to start printing infinitum again. All those dollars will be needed by the PBGC. $Timmay said so.

As for SOL, it was junk at $9/sh, and it still is junk. All the solars are D.O.A. except SPWRA, Sunpower Corp., which Total bought in on and it gapped up 30%. I hear, recently, GS put a sell on it back to $14 now? There's no one left in this market to buy the solars. The same stocks are being jacked up and down to buoy the market.

SPWRA:
http://stockcharts.com/h-sc/ui?s=SPWRA&p=D&b=5&g=0&id=p19614167472

The market is still dropping, with the lack of more stimulus forthcoming from the the FED. If you want to bet against the trend and buy some beat-up solar, as some kind of contorted value play, go ahead. Come back in the fall and tell how you did.

Last Friday, I hit +33% gain in my portfolio of $30K. Fell back some today on the miraculus reversal. As long as I stay away from your ridiculous recs, I'll be okay.

Present positions: (20) USO JUL11 PUTS, (22) CNQ SEPT11 PUTS, (8) STX SEPT11 PUTs.