PARE

We have seen a super rally in the stock the last few days. Stocks can be mispriced a long time, but not forever. Enjoying the ride.

Reading Tips

Malcom Gladwell's excellent article on Taleb and Niederhoffer from The New Yorker, 2002. Niederhoffer's web site Daily Speculations.

Oils

PARE is exploding today with a gain of more than 5%. The company says it will seek a listing on the main exchange in Stockholm. The stock is definitely worth buying on any weakness. Also news out relating to VOST. The ring-fence for Gazprom shares might be lifted very soon. The stock will then go from zero weight in MSCI Global Emerging Markets index to the highest weight in the index. The rest of the holdings in Stockholm are up to day as well.

Opportunities

Buying opportunities missed. The oils are up in Stockholm today. So is Google. Too bad. I don't complain though...

Expiration

My December Crude futures have expired.

Divergence

Crude is down 1.5% or almost 1 dollar, however XOI is up, and above the 1000 mark. This kind of divergence will not hold much longer...

Action

Good action right here. Google is exploding up again, adding another $10 to the shares' price. Also the oil portfolio is very healthy. New ATH in VOST-SDB.ST, the chart looks more the Google than anything else. Crude is etching higher, but I would be careful adding to any position here, as I think the short term outlook is mixed.

Update

Crude is down very forcefully this yesterday (as it this last Friday). My oil stocks were up in Stockholm, which is quite remarkable. No doubt they will be down Monday unless the price correct up in early Asian electronic trading on Monday. No need to panic if you own the right names. Meanwhile GOOGLE is exploding up right here to ATH. We got news about AOL and then we had Nasdaq 100.

Correlation

Gold have been going up, together with Nikkei while the Yen having been going down. Seems like the correlation still holds, only the direction have been reversed.

Yen

We just saw the biggest two-day gain in the Yen since 2002.

Closing Position

The YEN/USD trade played out nice. Closing the position after the big correction.

Movements

Yen is stronger by over 2% right now. My position is playing out perfectly, soon time to liquidate the position. Also, AAPL is cut by Bear Stearns and is trading lower by $3.50. Wish I still was short. Google and Crude holding nicely hear.

Waiting Game

Pare is up over 8% today in Stockholm. The market is correcting it up towards fundamentals. Market efficient? Google is up another 4 bucks today. This column by Cramer summarize the situation there. Now everyone is waiting for the Fed.

Market, GOOG

Oil having a very good day here on the cold weather. USD-index is finally turning weaker, holding on to my long YEN position. Adding to GOOG as the stock is upgraded by CSFB, and added to Nasdaq-100 end of this week. Don't forget this is the strongest quarter of the year, and we are already mid December. Next I believe we will see S&P 500. Will add to position on any dips.

Gold, Oil

Gold have another fantastic day, breaking trough $540. Oil is back up after the weak session on Friday.

C2SAT

Sold the stock this morning in Stockholm as the news came out. The stock is up another 5% today.

Holdings

An observation: all 8 holdings are going the right way today. Plus AAPL that I covered. NQ roughly unchanged. Not bad, I like these days.

Market Update

Crude is bouncing back today after yesterday's numbers. Good for my big oil exposure. Gold is going higher every day it seems like. Yen is finally stronger against the greenback. Holding on to the position. Cover on AAPL as the stock is down today, although not much. Should have bought back right in the opening. Looking to increase my GOOG exposure any day the stock is down around the $400 mark. If only it would be....

C2SAT

Buying a little C2SAT to the portfolio, listed on Swedish NGM under the ticker symbol C2ST. News from China on its way.

Crude

Crude seem to have breaked out of the downward trend. Going long as there is new momentum in the market. Colder weather could be on its way as well, supporting prices.

Gains, more gains and a few trades

Everything going up it seems like, including gold and USD. Taking a little bet on a quick reversal I shorted AAPL and USD against YEN late Friday. The relative strength havn't been this strong for over 20 years on the weekly chart for USD-YEN. AAPL seems very strong here, and as always it is risky to go againt the trend.

Portfolio Gains

Lupe +3.03%, Pare 9.03%, Vost +3.35%, Goog +1.63%, TYKS unchanged after a strong day yesterday.