Business Magazine

Thursday: Durable Goods and Jobs, Oh My!

Posted on the 24 March 2011 by Phil's Stock World @philstockworld
  • HIT ($47, now $54), GE ($19.20, now $19.53) and SHAW ($31.50, now $33.87) – From the main post
  • FAS Apr $32 calls for .80, now .45
  • TBT June $35 puts sold for $1.72, now $1.23
  • TBT June $32/37 bull call spread at $1.90, now $3
  • NCR Oct $16 puts sold for $1.10, now .86
  • EWJ June $10 calls at .58, now .93
  • FCX Jan $45 puts sold for $5.85, now $4.15
  • BTU 2013 $50 puts sold for $6, now $5.40
  • BTU Jan $65/80 bull call spread at $6, now $7.20
  • QQQQ 3/31 $53 calls at $1.48, now $2.73


Most of those trades are stocks we track all the time.  We were mainly in cash and we were READY, WILLING and ABLE to take advantage of the sale that was being thrown that day (read post for the set-up logic on the day).  This is simply following Warren Buffett’s advice to "Be greedy when others are fearful."  Today, as we get back to the levels we were last fearful at to the upside – I will remind members that the rest of Mr. Buffett’s statement is "Be fearful when others are greedy."  Today is a great day to take some cash off the table as we retest our Breakout levels – just in case we don’t make it!  

Thursday:  Durable Goods and Jobs, Oh My!
Cash is nice, cash is good – cash leaves us flexible and allows us to take advantage of unexpected opportunities like the one we had last Tuesday and Wednesday.  Panic is for people who are fully invested and under-hedged – NEVER be one of those people, please….

The cycle on the right has been true for hundreds of years but only recently have our markets moved from Despondency to…

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Thursday Thump – The Bernanke Bottom

    Thursday Thump Bernanke Bottom

    Well that didn’t take long, did it? On Tuesday I suggested selling into the day’s rally, saying: "so it’s back to cash as we wait for the crash" and it wasn’t... Read more

    By  Phil's Stock World
  • Thrilling Thursday – Topping Or Popping?

    Thrilling Thursday Topping Popping?

    Is it time to turn bullish? We went back to mostly cash (still bullish in our long-term positions) last Friday (see "Stop the Rally, We Want to Get Off!") and... Read more

    By  Phil's Stock World
  • Hospital Dream Jobs

    If you’re a medical professional, you’ll want to bookmark It’s a job board featuring dozens of hospital and medical professions and... Read more

    By  Candacemoody
  • What I Learned from My 50 Different Jobs

    What Learned from Different Jobs

    A Jill-of-All-Trades from a young age, I’ve had more than 50 jobs in my life – mainly because I wasn’t sure what I wanted to do, so I thought I’d test them all!... Read more

    By  Ncrimaldi
  • Jobs, Business and Numerology

    Jobs, Business Numerology

    On my road to becoming a Business Gypsy, I realized many things about myself and grew as an individual.  This included learning numerous crafts that have... Read more

    By  Thebusinessgypsy
  • The Ten Happiest Jobs

    Happiest Jobs

    image credit Are you a member of the clergy, a firefighter or a physical therapist? Then you have one of the happiest jobs. At least, according to a General... Read more

    By  Gerard
  • Monday Motivation: Best Paying Jobs for Graduates

    Good morning! Hope you are having an excellent day! This weekend my friends and I went to a drive-in movie. It was so much fun watching a movie outside. Have yo... Read more

    By  Classycareergirl