Again, I cannot short individual names but I would of liked to short Apple (AAPL) for the near term as I wrote a few days ago [Jun 9: Apple Buy the Rumor, Sell the News?]Don't look now but this chart has all the makings of a double top. I can't short individual names, but this might be a short term short, at least until the $160-$170 range.... in lieu of that I have just cut back the long position, awaiting lower entry points to rebuy. We'll see if I get one.We are down to the first support, 50 day moving average ($172) so I am beginning to rebuy, but only a bit here since this is definitely a double top we have formed. I'd much prefer the 200 day moving average of $161 (or lower - maybe low to mid $150s would be ...

Until you really see just how bad the rain is...You don't realize how much of an effect this is truly going to haveContinuing to add to Powershares DB Agriculture Fund (DBA) on pullbacks....Long Powershares DB Agriculture Fund in fund; no personal position

Ctrip.com (CTRP) is an interesting thesis right here - one could make an arguement that as China slows so will travel, but it is all relative ("slowing" in China is a very different proposition than the US - i.e. GDP dropping from 12% growth to 6% growth would seem like a recession for them, while in the US we would dream for 6% growth). That said a major risk would be the post Olympics removal of energy subsidies which would put a serious crimp in the growth story there. We shall see how it plays out. All I know is for nearly 5 years, when I buy Ctrip.com on dips I am always rewarded over time - even though it is ALWAYS expensive on a P/E basis. Much like the DryShips purchase I don't expect any huge rebound anytime soon, and thus I am (as always) ...

Latin America internet player Mercadolibre (MELI) is one volatile stock... every time it weakens we get commentary about a coming secondary (which they tried to price in the past, but withdrew) - eventually I assume it will happen. But for now, we just like to layer in on dips, and layer out on strength. The chart is quite poor as the stock has broken all major key support levels but with the stock down 15% from its peak Friday (and 30% from its peak), I made some purchases this morning in the $40s/$41s, taking the stake up from 0.7% to 1.5% of the portfolio. Due to the bipolar nature of this stock it is hard to tuck this away as a buy and hold; not to mention a very pricey multiple. So we'll pick our spots and when some of our holdings, especially ones we've cut ...

I don't see why all the hoopla - it seems like a relatively minor purchase at $600M but the market is loving it, pushing Cabot Oil & Gas (COG) up nearly 9%.Cabot Oil & Gas Corp (COG) said on Wednesday it has agreed to pay $602.8 million for producing properties, leasehold acreage and a gathering infrastructure from a private party in East Texas. The acquired acreage lies near Cabot Oil's existing property and will enhance its development of the Pettet, Travis Peak and Cotton Valley formations, the company said. The tract includes 25,000 gross acres in the Minden area of East Texas. The company said it will finance the deal through a combination of debt and common equity. I continue to not own enough of this name...Long Cabot Oil & Gas in fund; no personal position...

I really like Chinese gaming company Perfect World (PWRD) from a fundamental perspective; after selling off from its guidance after a very good earnings report [May 19: Perfect World - Good Earnings, Light Guidance - Buying the Dip] the stock spent a few days in purgatory before making a nice rebound. However, at this point technically we have some technical resistance ahead, both the 50 and 200 day moving averages lie ahead; the 50 day in the $26s and the 200 day around $27. Honestly this is as perfect of a setup as you could ask for from a technical perspective. Sell now right below resistance areas, and rebuy either (a) on a move over $27 or (b) on a pullback. So I'm executing the first part of that strategy (sell) here around $26.20... then for the second part (buy back), if the stock ...

Solar has been on fire the past few days due to some positive earnings reports out of the Chinese names. With Yingli Green Energy (YGE) approaching a 20% gain in 3 days, I am going to sell off another 200 of my remaining 500 shares. Earnings are tomorrow and clearly with the "right" numbers the stock could be up 30% tomorrow for all I know, but if so I will probably sell the last of my position into that spike. When this group gets hot and heavy as it is beginning to, I begin to get nervous. Either way, I can lock in some gains here so I am choosing to, with the stock near $26.20. This takes the position down from 1% of fund to 0.6%.Again as I stated with some sales of late, on a technical basis, many traders would actually ...

The individual names do not matter at this point so I am going to just consider this mini basket to be "1 position". Last Thursday as the chickens were running around with their heads cut off about the "strong dollar", I was incrementally adding to my coal stakes [May 1: Incrementally Beginning to Add to Coal] so today I am simply reversing those purchases plus taking out some Alpha Natural Resources (ANR). Let's look at them as a group since that is how I look at these 4 names - I had a 10% weighting going into day with Arch Coal (ACI), Massey Energy (MEE), ANR, and Consol Energy (CNX) They have come a long way in just a few days ACI from $53s to $62s (+17%) MEE from $48s to $57s (+19%) ANR from $46s to $58s (+26%) CNX from $75s to $89s (+19%) Please note I did not buy at the lows Thursday, ...