RM's occasional market calls...

Quote from Rearden Metal:

Oh man, people keep asking me that, and I can't confidently reply either way. (Incidentally, I'm pretty sure the multi month high was set last Wednesday.)

So I just put on a trade and I <i>almost</i> like it enough to post it here. Screw it, here goes: I'm short CSIQ. Current price: $9.24.
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I just looked at the chart and it looks good to me. I'm putting on a small position. I'm long 20 Jun 8.00 puts.
 

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Quote from Max E. Pad:

CSIQ more confirmation that we have topped, with a name like "Canadian Solar" and a chart like that, it makes you think in this market people would buy up a company called "canadian turd" with justin bieber as their mascot.
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Your comment brings back fond memories of the Golden Age, when any www.MyHairyAss<b>.com</b> could IPO for hundreds of millions. (It's a .com! Buy!)

I've said this before: IMO, spooz are currently overbought, but not overvalued. The next five years should be a picnic for America compared to the last five. That's what I'm expecting, anyways.
 
Quote from Josef K:

I just looked at the chart and it looks good to me. I'm putting on a small position. I'm long 20 Jun 8.00 puts.
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If the solar stock rally was significantly more than just ~7 weeks old, I'd be feeling a lot better about this trade. I wouldn't even suggest anyone go big with this one, as I wouldn't have even posted it here if not for my succumbing to popular demand...
 
Quote from Rearden Metal:

I wouldn't even suggest anyone go big with this one, as I wouldn't have even posted it here if not for my succumbing to popular demand...
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Damn man that information would have been pertinent an hour ago when i shorted 300k shares at 9.05, <s>im going to be</s> my firm is going to be in a world of hurt if this thing doubles a couple more times...... :D
 
Quote from Max E. Pad:

Damn man that information would have been pertinent an hour ago when i shorted 300k shares at 9.05, <s>im going to be</s> my firm is going to be in a world of hurt if this thing doubles a couple more times...... :D
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lol
 
Quote from Josef K:

I just looked at the chart and it looks good to me. I'm putting on a small position. I'm long 20 Jun 8.00 puts.
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Exited at .40/share, for a loss of $280. No big deal.
 
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