Dude, I need a Winner ;-)

I wish I had some winning tips right now...  Been busy lately getting ready to move and travelling. 

Keep layering into C 13 4.50's or even 4's on this termoil.  TNK announced another dividend, .22 for March.

Given the move to data-centric and cloud computing...

RAXspace, VMW for cloud computing.  SGI is Cramers speculative cloud play.

Oracle is poised to do very well in the high-speed data-access market with their combined servers and DB software.

Google for the android revolution...

Got to meet with an old-friend on a trip a few weeks ago and had an impromptu options discussion where he has been selling PUTS on silver ETFs.  Was a very good play as silver stayed strong through the oil fear.

In the money CALLS on DIA several months out to ride out the current termoil...

I would not be in the market long right now, only in to make a few trades and then out.  This is also, Waxie's recommendation as well.  There is just too much news volitility right now to make any short term/swing trades.

Maybe we should make a VIX based on the headlines and trade that...

Happy Trading...

S&P fell below the technical level of 1324 today.  Given the crisis in Libya this may be temporary but listening to the smart guys on CNBC today's action wasn't like most of the past pull-backs.  I recommended buying on the Egypt crisis which was different and that strategy worked, however this is different since Libya is an OPEC nation and crude has been impacted significantly price-wise.  Refiners aren't indicating any issues yet...

I did take the day to pick up more of my favorite dividend play Teekay Tankers (TNK).

APPL was a good short and was highlighted on Options Action as such, we'll have to see where the innovation goes from here.

FAZ closed back above 8 today on strong price action.  If you are bearish on financials this is the one to trade.  I am not as I still hold contracts of C jan 13 4.50 calls...  Today was a good day to continue layering in....

Had the good fortune of visiting with an old friend and colleague this past week and of course an unprompted discussion on options came up.  He is selling silver cash-secured PUTS on SRV Ishares Silver, and as of our discussions he is well into the safe zone on those.  If fear is an indicator it would show that people are getting into Silver as well during financial uncertainty, need to research this one more to understand the long term trading strategy.

More on Teekay (TNK)

I recommend buying on this dip, again...  They recently offered up class A shares at 11.33 which is the cause for the pullback.  Their earnings estimates were readjusted after this but still hold a buy rating and 15 price target.  Getting in here allows you to maintain those 10+ percent dividends...

Happy Trading...

Some More Updates

Accuray is now trading close to $10.  This after a great earnings season.  Corporate officers have been taking a few well deserved profits but I don't see this as a cash and carry.  Volume has been strong and there is certainly great potential for this company. 

Rackspace has more than doubled since our option plays earlier this year, believe we were buying the 17 call options at one point, now trading over 36.

Cloud, social and mobile computing are probably the next big thing to make you rich, it's just how do you go about playing the field.  Cloud enables so many developers, individuals and small companies to develop great products that finding one that is breaking the next commercial giant is going to be difficult.  Virtualization companies are poised to prosper as well since the enable much of the cloud space.

Happy trading...