I?m Back from the Land Down Under
I?m half mad with jet lag, and I haven?t pooped in three days. But I?m back from the magical Land Down Under.
It was another one of those incredible, once in a lifetime, bucket list type trips. The highlight was flying my own plane out to a small speck of a coral island 40 miles at sea in the Great Barrier Reef National Park.
There I spotted electric blue starfish, snapping moray eels, a pod of dolphins, rode the back of a giant sea turtle, and swam with giant manta rays and reef sharks. Strangely, I felt right at home with the sharks, perhaps a byproduct of my day job?
I planned to ease my way back into the market, waiting for the next sweet spot to get my feet wet. But what did I get? Natural gas (UNG) opened on a spike at $28. To quote William Shakespeare, ?They must be out of their F?? mind.? Out went the Trade Alert to buy the July puts, this time at the $26 strike. They promptly obliged by rocketing 20% in value in hours, adding an immediate 100 basis points to our performance this year, taking me to yet another new performance all time high. Well, maybe Shakespeare really didn?t say that, but I did.
I followed up with another aggressive long in Bank of America (BAC). After that, a denial of service attack took down our email distribution provider, so that was it for the day. Welcome back to the fast lane.
I will write at greater length in the near future about my adventures in the Antipodes, of which there were many. Until then, I will be working with Mad Day Trader, Jim Parker, on the Wednesday strategy webinar. Suffice it to say that I am now singing Waltzing Matilda in the shower every morning.
