So I'm struggling with this cold for the past few days hence no posts- sorry about that. To be honest though its been a lot of watching and uncertainty and not a lot of action. I exited the TCK position on Wednesday on a 17% gain. It subsequently has dropped further so if you were still in I'd suggest watching the action today and sell on a spike on open or just exercise the shares- the long term outlook I think is still strong. Much of the income is commodities based and I don't know how the dollar is still 'strong' recently in light of the countries continued spending without taxing. In good news a pork filled 1.3trillion rolled bill was rejected (something I never thought I'd see) so maybe there is some hope- or its just too little too late. Short story Commodities=good as China consumes more and the dollar declines, the stock should go up.
One piece of news that makes me interested is the credit cards got slammed yesterday on proposals of capping transaction fees. Most of them cut by 10% or more, I'd look for some follow through on the downside today with some balancing on Monday. The aggressive play is to try and guess the bottom for a quick profit. I'll be watching the charts carefully. Looking at V and M to lead.
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