Cover
TSLA May 50 calls @45.0
Burned
again! Like I said, the so-called defensive action I took, selling
calls, has burned me on Boeing and now Telsa Motors. LEN isn't looking so
good either. These things happen. I hate covering at a huge
percentage loss, but I hate risking a bigger loss even more.
Adding
to the gold sentiment is a New York Times article about how gold is
losing its luster. Certainly after 12 up years and a move from $300
to $1900, gold is due for some down time. That said, I don't think
this is the final top. Timing the moves is tricky. For those long
term investors that are light on gold, this is a good time to add.
Long
BA BRKB IWM LGF PG WFC TSLA
Net
long KORS SPY
Net
short APC LEN
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