21
Jun
Wrap – Week Ended 06/19/09
Comments for the wrap will be included in the Monday post. Last week was not my finest with the group pulling back substantially despite the commodities ability to remain aloft. I had scuds in three (HK) call positions and two EOG positions and the remaining June PXD calls went out worthless as well. I continue to maintain a high cash position and expect that certain names in our most frequented list will see pre quarter operational updates that will act as catalysts. Have a Happy Fathers Day!
Some light weekend reading-this cannot be a good thing, Geithner having the tele number of Bill Gross on “speed dial.” Gross will make a ton of money on this but who is surprised.
http://www.nytimes.com/2009/06/21/business/21gross.html?_r=1&hp
(warning-long article-1st couple of pgs should capture the gist of the situation)
June 21st, 2009 at 4:23 pm