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Thursday, May 13, 2004

Sloppy day on the markets. Down, up, down, really not much to write home about. Dow down around 35, overall market down a little less. Gold down a couple bucks, XAU and NEM both down. The NEM options are now under water. Must decide where to take the loss at this point. Unless tomorrow is a good day for these things, they're losers. No clear signal for the OEX but if it keeps rallying, I'll look for a shorting opportunity next week. Longer term we are getting to the point of a good entry. I threw some cash in my mutual funds this past monday. If we go lower I'll toss in some more. We'll see what tomorrow brings for this NEM trade. Need some positive movement or it's dead.

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