Some Relief

Oil index XOI is higher here, although Crude is down some 2.5% for the day. Adjusting some of the recent overreaction in the oils. Picking up some Tata Motors (TTM) here, as the stock has become very cheap in light of the Indian market meltdown. Using wide scales.

More Pain

Bought into Nordnet B yesterday, the stock was down. It has been hit in recent market declines, although the turnover on the Stock Exchange been in their favour and the valuation looks good. Scaling into the position, might buy more in today's session. Other opportunities on my watch list might be added as well.

Update

Rolled the YI future to JUL.

On my target list waiting for pullback are these names:

Tata Motors
Nordnet B
XOI Calls

Spring Sale

Increased NQ and took a small position in YI this morning. Interested to buy call options in XOI as the market has shown its irrationality (with crude up above $71 and oil stocks in free fall recently), but waiting for a pullback, as I like to buy low. The Google upside insurance expired without value, the stock is up this morning, trading above $380.

Mining for a Bargain

Picking up a new name, Boliden. The stock is trading at P/E 6 on this years earnings, thus limited downside from here. Also note Google's strength in yesterday's overall weak market. Crude is showing surprisingly strength here, currently trading at around $68.50/barrel. Seems like it is more a an equity related sell-off so far.

A Trade

Picking up the NQ future in thin Asian trading. When stocks decline it is a reason to become more bullish.

Blood on the Street

Everything is red on the screen. Sold off the last silver at 13.600, to secure a profit. Think we are closer to buying opportunity than a selling. This is not the time to panic.

Google's Fragile Business Model

The last 20 points decline in the stock price can be tracked to Microsoft's inclusion of a search box in forthcoming IE7 that will default to MSN Search. Google's great business model (the model of the Internet) cuts both ways. Even if you are the best at what you do, it is hard to protect yourself against a monopolistic player. Few seemed to have noticed the Search button in the current version of IE, does anyone use it? Staying long Google.