Friday, September 14, 2007
Since I mentioned it here when I bought I should close it out here as well. I sold the 2 uranium companies (UUU.to & DNN) played for a sector bounce. UUU went for 22% and DNN for 13% and now we move on. As always, higher levels could be in the cards but that is irrelevant since I no longer own them. I am big picture bullish on nothing save for the gold miners right now and even there, I am holding but bracing for some volatility in the short run. Other than that, I have shorted bonds twice in the last few days via TLT puts and the gains were 49% and 23%. Lest this sound like tooting a horn, I had absolutely butchered the 'trading' account in July/August by losing focus and NOT TRADING but rather bag holding. Now all accounts are well along the comeback trail with ample cash for what promise to be interesting times ahead.