Tuesday, March 31, 2009

All in on Goldcorp now

(ticker GG), which is now by far my largest holding. GG is a solid, debt-free blue chip gold miner. I think it will gain at least 30% from today's lows and this gain will occur before May ends. I am using July calls. My other holdings are Royal Gold (ticker: RGLD) and a smaller position in Novagold (ticker: NG).

I was dead wrong on my call for Kohl's (KSS) and Autozone (AZO) to go down and my only saving grace in these trades is that they were a small percent of my trading capital. I know they are going down eventually, but as option holder, you have to be correct on both direction of the move and timing. Oh well, can't win 'em all...

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