Showing posts with label TAN. Show all posts
Showing posts with label TAN. Show all posts

Friday, April 3, 2009

Sold DXO, TAN... added SRS, FAZ

Sold DXO @ 3.18 (cost was 2.39) (This position had gotten HUGE)
Sold TAN @ 7.45 (cost was 5.90)
Sold PAAS @ 17.14 (cost was 12.10) (I got rid of the covered calls I sold for $0.85 for $0.15)

Metals look to be breaking down HARD so all I have left is SLW and AA and both are 100% covered right now so declines do not hurt me.

I also added SRS at $40.25 and FAZ at $16.30.

I am not positioned back to the dark side where I belong.... FINALLY!

Dow 8000 seems a good a time as any to be pointed that way.

Thursday, March 26, 2009

I love ETF's..... Selling more calls.

ok... TAN is up 9% today, so I forgive it for yesterday now.

I sold April AA $7.5 calls at $1.02
I sold April PAAS $20 calls at $0.85


Now have calls against everything but DXO and TAN.

Wednesday, March 25, 2009

I hate ETF's: Part CCXLIII

I buy TAN a few days ago because I figure this solar crap is going to go higher if oil keeps rallying. I check the components of TAN and they are all large solar companies.

I notice all the large solar companies were up HUGE today. TAN was up 0.5%

Here are the top 10 holdings of TAN:
ENER +5.43%
FSLR +4.02%
LDK +7.29%
WFR +7.09%
QCE.BE +11.54%
REC.OL +4.10%
SWV.BE +0.81%
SPWRA +0.38%
STP +1.82%
YGE +1.72%

Explain to me how TAN can only be up 0.50% when this is what it holds?

Is the other 40% of the fund that is not listed invested in tulip bulbs or fake dog poop?

Monday, March 23, 2009

Bought TAN at $5.90

TAN is the solar ETF... I didn't do enough research to pick an individual company.

If oil is going higher all this alternative energy BS is going higher too. I hate to buy something when it is already up 6% on the day, but so be it.....