Thursday, May 08, 2008

20080508PM

DJIA 12,866.78 +52.43
NASDAQ 2,451.23 +12.75
S&P 500 1,397.68 +5.11
Oil 124.5 intraday high.

ANO 3.13 +.02. Have the physical certificates for this long term hold.
FEED 19.07 -.28.
GMO 8.4 +.35. Walked higher all day, then squeezed up at the close. Volume was average.
MELI 55 -1.05.
SRS 86.2 +.21.
VGZ 3.67 +.24.
SYNM 1.73 +.33. Wanted to see higher volume, so get ready to sell this.
XRM 2.98 +.55. Had earnings. 52 week range 0.91 - 9.16. Bought a very small position at 2.95 late in the day, as the whole order didn't fill at that price. Looking to sell in the morning on continuation up. March 18 big down day from 4.34.

DBE 47.39 +.5. PowerShares DB Energy Fund. The index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world Tempting to short this, but it closed at 52 week high. It has options.
EWY 58.7 -.08. Korea ETF.
GLD 87.24 +1.42. Consider selling gold in the morning, by going short DGP (gold 2X long). Gold often has big moves on Fridays.
DGP 20.93 +.7.
RSOL 8.8 -1.2. IPO'd at 10 today.
UNG 54.09 -.16. United States Natural Gas Fund LP. Nearly a short.
XLF 25.99 -.44. Financials look to continue going down due to AIG news.

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