Today was a huge bearish reversal in the crude markets. Crude oil was down $4 and i believe it will continue down in the coming weeks. Also a great day for DUG. Even though i just have 25% of my original position left, i will probably buy more DUG tomorrow. OIH was under heaving distribution today too. Once we exhaust the dip buyers in crude and OIH (probably by next week), its off to the races for DUG and TSO.
Shorted some BIDU today through puts. However, DELL reported after close and the stock is up 10% on the earnings release. DELL might be able to carry the NAZZ on its shoulders tomorrow which will inturn take up BIDU and hence to hedge my put risk for tommorow i bought stock in BIDU after hours.
Long: DUG, Bidu stpck, STX, TSO (and itching to pull my finger to buy more)
Short: Bidu puts
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