Jim's cycle trades

[Jim Smith]

WEBX.....too legit to quit.....I have a $48 summer target.

[RL]

Thanks Jim this Is the largest gain I have ever had on one stock

[Jim Smith]

WEBX.....changing my mind here due to the divergence between the MACD and the stocks price.....not bullish anymore.

[Jim Smith]

ICE......continuation head and shoulders pattern.....target 95

[Jim Smith]

LOW.....broke 7 week downtrend and the 200 day ma......interest rates headed lower with 10 year going to 4.8%, imo......this will be a countertrend interest rate move but will happen fast......LOW to 70 minimum.

[Jim Smith]

DE....short....several days at the top here.......looking for $86

[RL]

Jim been waiting for your picks?

[Jim Smith]

I like GOOG......long the Sept 410 calls

ERS might retrace 50% of that drop.....that's around $49

CSCO....I like this one to $24.20....long this one too.
CAMH....hold 10 months for $35

[Jim Smith]

TLT....long.....betting that the rates on the 10 year fall to 4.8% or lower, fast.

[Rob]

Cisco

CSCO....I like this one to $24.20....long this one too.

I guess you're aware they're reporting earnings at the closing bell today. (Just thought I'd mention it on the slim chance that you aren't.) I like CSCO too, but not willing to pick it up this close to earnings.

[Jim Smith]

Yeah Rob, thanks....I am strapped in for the CSCO call.....I like the fact it's weak in front of the earnings report.

[Jim Smith]

Betting that the yield curve will invert and therefore a recession in 2007

[DSteckler]

TLT....long.....betting that the rates on the 10 year fall to 4.8% or lower, fast.

I sold Rydex Juno today (shorts bonds) and went long Rydex Inverse OTC (shorts the NDX).

[Jim Smith]

Holding 40 July CSCO calls.....my work said CSCO to $24.20 and this market rally wouldn't end till CSCO topped out.....CSCO is rocking on the earnings call.

[Rob]

Cisco

CSCO is rocking on the earnings call.

I'm watching that. Congrats on holding. CNBC reported that their $0.29 beat the highest forecasts, even though the avg. was $0.26. Hey, a win is a win.