One Trade

Selling the XOM calls in today's rally.

Up, up and away

GOOG is up
XOM is up
VOST is up
PARE is up

GOOG Calls

By the way I didn't get those calls I was bidding for yesterday, sometimes you should just hit that offer...

The Case for Google

Fundmental:

- Q3 very strong, and that is suppose to be the weakest quarter
- New target prices at $450
- Low PEG
- Growing market as advertising move from offline to online

Triggers:

- Google Base (think eBay, Amazon)
- Google Calendar (think Microsoft Outlook)
- Google Wallet (think Paypal)
- Inclusion in various indices (think S&P 500)

-> Buy

GOOG, AMZN, EBAY, YHOO, MSFT

Seems like Google is about to announce a new service, gbase. This could be bad news for eBay and Amazon. At least Yahoo and Microsoft will no longer feel alone competing with Google. Also, a calendar service could be near, MS Outlook need to look out. Currently bidding on GOOG calls.

GOOG

Google got great momentum right here, and can spark a rally in the tech Internet sector. I have my eyes on some long dated calls in the $400-$450 range, should we see any substantial weakness going forward.

Crude

Crude holding nice here around $60/barrel for the December future. The buyer are going back in to the oils as they recognize the cheap valuations and that we still have crude at these levels. Portfolio is long and strong as PARE and VOST are showing nice gain today.

GOOG, Oils

Google turn out better than expected. We are now seeing new targets at the $450 level. The selling in oils seems to have come to an end, even though we are seeing crude slide futher. Remaining long GOOG and Oils.

GOOG, XOM

Closing positions in the GOOG puts. Buying GOOG 310 Nov Call. Buying XOM 60 Nov Call. Looks like Crude is going to $60 after the numbers...

XOM

XOM is getting very cheap. If there is more panic in the US tonight, I might pick up some calls for next week earnings.

Google

YHOO's earning were better than expected, that usually means no need to worry too much about GOOG. Might however be defensive and buy back the puts, buy some calls.

Panic

Investors (day traders) are panicking in the oils again. Picking up some PARE and VOST on the sale, adding to my positions. Crude is holding suprisingly well above $60/barrel. No one ever made money panicking.

Blood on the Street

Everything is red on my screen now. GOOG, YHOO, Crude, XOI is down almost 4%, look atRFX. ^NDX just turned negative. AAPL seems like the big exception today. Maybe time to buy soon...?

Thoughts

I think crude can go lower in the short term (~60), which will hurt the oils. On the other hand, I think PARE and VOST are getting cheap. So either you buy more on the way down or sell out and go back in. It's really a matter of your trading horizon/style. Google is really getting hammered here, as usual do not panic. The Stockholm Stock Exchange is closed now.

Crude, GOOG

Invetory data is out, the futures are still down, but less than this morning. This is a very tricky market. Google has fallen below $300. Apparantly they are in talks with AOL. 3Q results are out in the not too distanct future. It's usually the weaker quarter of the year...

AAPL

Sold the calls on the nive pop. Got $1.85 per contracts.

Market

Crude is backing off and bit, and suddenly we see panicking going on in the oils again. Today we will see inventory numbers. Hopefully Google can see resistance here at around $300. It's become a tough market.

LUPE, TYKS, AAPL

Taking profits in LUPE and TYKS, zeroing positions. We saw last week what happens if the crude falls. Lots of speculations in these papers. Buying AAPL OCT 50 CALLS, as a speculative short-term trade, paid $1.00 per contract.

Oils, GOOG, AAPL, ^IXIC

Another day where we see the oils giving a boost to the portfolio. Crude continous to be holding up here. Enjoy the trend and stay calm for now. Google have been in a down trend lately and it can be time for a trade there. For the last three trading days the stock have been losing early in the trading session. AAPL was gapping down in after hours due to its earning realease, might be an opportunity for a trade there ahead of today's product announcement. Will keep you posted. The Nasdaq Comp has been losing ground lately, as I see it we could see a bump up here around 2050.

YHOO, GOOG, AAPL, Crude

Google is off $3.50 following Yahoo, whos share is down 2%. Crude is very strong, and so are the oils. Also note that Apple is gaining over 2% ahead of product announcement and earnings. Doesn't like like a good time to buy now...

Gains

Oils are trading higher. Vost above SEK 300 and Pare just printed SEK 100...

Markets

Oils are up in early Stockholm trading, I'm not doing anything at the moment.

Oil Strategy

The strategy for the time being is to increase in the oils on any weakness. Weakness will most likely come on days when crude backs off. PA Resources and Vostok Nafta will remain the bigger bets of the oils, followed by Lundin Petroleum and Tanganyika Oil.

Update, AAPL

TYKS, PARE, LUPE and VOST all regaining momentum as crude prices stablize above $60/barrel for the time being. Apple is set to hold a news conference on Wednesday, probably annoucing new products/updates. It might just be a new 80 Gbit iPod, instead of a video iPod that was rumoured. Will keep you posted on any trade in AAPL before Wednesday.

Oils

Bidding on Lupe and Tyks as crude is regaining some of its losses. I don't rule out further weakness in crude. Keep some ammo dry for possible bargains to come.

The Market

Weakness in Crude as expected. Dollar waek as expected. I reiterate scale in to oils. Carefully. Otherwise stay out of this market. Don't panic.

OXGN, VOST, PARE

Selling OXGN in the morning, buying VOST and PARE as the market overreacts. Be cautious with oils as the CRUDE is in a downward trend...

Thoughts

Reducing common long position in GOOG. OXGN looks strong for now. Hope to pick up some oils at bargain tomorrow. Dollar seems to reversing to weaker for now. Crude and Gold are both in a negative trend.

OXGN, Oxigene

Buying Oxigene in Stockholm (listed on Stockholm Stock Exchange and Nasdaq) as the company has positive news out. Lets see what the US trading session can do for the stock price...

Google, Oil Stocks

Google disappointed the market by not revealing much about the new deal with SUNW. Oil stocks have a very tough time when crude's showing weakness, even though valuations come down, it's not recommended to fight the tape. Wait for the right moment to enter. Sometime cash is a traders best bet.

GOOG

Buying some common ahead of the announcement at 1.30pm PT.

Closing Positions

The December Crude WTI future breaking below $65. Closing positions in LUPE, VOST-SDB and PARE...

SUNW, GOOG

Announcement to be made on Tuesday. The Network IS the Computer....

Overview

VOSTOK, PARE up. LUPE weak as expected. Oil holding firm above $65 as we see yet another day with weak dollar. Google puts well out of money as the weak 3:rd quarter has come to an end. Are we going to see a year end Cramer tech rally?

LUPE

News from Nigeria. Lets see if the markets overreacts...

LUPE

Entered long position in LUPE at 98.25. Will exit if Crude WTI falls below 65...

Google

GOOG falling in after hours trading as the company wasn't added to the S&P500 this time. Adding on the long side if 300 is revisted. In other news the company is bidding to offer free WiFi in the San Fransisco area.