Originally Posted by PGBrown
Picked up some $16 March calls of VVUS this morning at .31. Looking for another day of selling tomorrow!
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Here is a look at how the major Indices fared this week:
DOW ($INDU) The closed down 290.32 @12151.26 over it's MA(200) @11639.56
S&P500 ($SPX) The S&P 500 closed down 30.94 @1300.16 over it's MA(200) @ 1248.04
Volatility Index ($VIX) The Volatility Index closed up 1.97 @17.95 under it's MA(200)@19.17
Baltic Dry Index ($BDI) The Baltic Dry Index, a index that measures shipping spot freight rates of various dry bulk cargoes closed up 22 @1489.00 under it's MA(200) @1905.31
Gold ($GOLD)Gold closed up 5.98 @1541.98 for the week above it's MA(200) @1387.91
Silver ($SILVER)Silver closed down 1.77 @36.19 above it's MA(200) @30.09
U.S. Dollar ($USD) The U.S. Dollar closed down
Najarian Looking for Dry Bulk Shipping Stocks To Gain in 2011 (Stocks Like SHIP)
The savy and smart trade monster Pete
Najarian on fast money today agrees with WTB that 2011 could be a great year for shippers, like SHIP
SHIP @ .98
Stock is so grossly undersold every time it's this low i think to myself great to accumulate every time it gets down here, then just put it away and wait for the stock price to play catch up to the fundamentals when the sector rotation happens and the Dry Bulk Shippers once again have their day in the sun again. Small cap stocks like Ship typically start to get noticed by the January effect, so expect this to be great for the short term and longer.
BULK SHIPPERS CLICK HERE FOR Najarian Quote