Sunday, November 26, 2006

Watch Silver, Apple (AAPL), and Retail

I will be focusing on Nymex spot silver prices as they approach important technical levels. I would like to see silver break $14 an ounce. Look for continued weakness in the US dollar to drive metal prices higher. (Note: I am long Silver Wheaton SLW)

Apple (AAPL) continues to be on a terror. This Christmas season looks to be another record quarter for Apple. Apple is not just an iPod story. I am looking at the January $100 calls for $2.75.

Hopefully we can get some good retail sales numbers. I especially want to see JC Penny (JCP) and Kohls (KSS) post good numbers. Kohls' stock has shown some weakness of late.


Blogger mde said...

You still think Nymex is worth 11b? I am thinking about opening a position but it keeps going down. I'm not sure what to do.

11/28/2006 8:29 AM  
Blogger Big Ben said...

Nymex is killing me. Maybe you buy half or 1/4 of your position now. And wait and see what happens. Everybody that bought it and was not in the IPO is losing money. Invest at your own risk.

11/29/2006 12:23 PM  

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