April Close, Buy it now thank me later

[OldPoop]

I've been watching AXAS since it was first mentioned here because it looked to have tremendous potential, and for a while this month I thought it was going to overtake our current champ.  But it is now the new one month champ, up 43% from it's March high to it's April high, beating CMI's Feb. gain of 24%.

But at April close, for the third month in a row, CMI ($72.23) is still kicking a$$ at 60%, with a couple of position changes back in the pack.

% increase from Jan. 29

CMI . . . 60%
AXAS . . 50%
RF . . . . 39%
GDXJ . . 32%
CX . . . . 29%
ORNI . . 18%
BRK.B . .<1%
SYNM . . -%

However, CMI may have peaked at $76.81, it closed the month $4+ down from it's high. 
I'm thinking we may have a new leader next month.

IMO, for the most part, I think our Hawg picks have done pretty well compared to the average investor.

[alwaysondbigscreen]

I dropped a spot so im wearing my rally hat for RF this month youall better watch out cause im bringin d wood.

[HognotinMemphis]

I dropped a spot so im wearing my rally hat for RF this month youall better watch out cause im bringin d wood.

I heard something here yesterday from someone in the loop regarding Morgan Keegan. It was not good news to say the least. If Morgan Keegan goes down, it has to be very detrimental to Regions. My point is, I would not want to be a Regions shareholder at the moment. Maybe it ends up being okay but there is extreme risk in the stock right now.

[kingoftherapids]

So maybe a little shortage action?

[HognotinMemphis]

So maybe a little shortage action?

Buy yourself $10,000 worth of puts on RF. I bought twenty August $30 puts on Moodys (MCO) on April 20th and am already up 38% on them, in just 10 days. And I'm not an options player - I can count on one hand the number of times I've bought either puts or calls in the last 10 years.

Moody's is catching flak for their involvement in the sub-prime mortgage-induced financial crisis. I posted here back in fall of 2008 or early 2009 that these ratings agencies (Moody's, S&P, et al) were in bed with the issuers of this crap. How can a security be rated A+ when it's backed by sub-prime mortgages? Here's how: Moody's is paid by the issuer, Goldman Sachs, to say it is A+. Ridiculous breach of fiduciary duty and obvious conflict of interest that certainly violates securities laws.