Positions

1. Have been short via TZA from Tuesday (bought 45.6). Sold too early today - at 49.5.

2. Will try to buy again around 50.2 or so. Targeting 64-65 on TZA in 2 weeks. Will exit at about 1020 on the SPX (about 12% down from current levels) on the Dow.

3. Making a list of stocks to buy in two weeks (around October 12).

I am looking for doubles in 2-3 weeks from date of purchase. Looking at TSL (at $4 or $5, not sure), SOL (1.6o?), JASO ( ),... These guys are trading at 3-4 times earnings, and have 6-7 days of short covering in them. May not buy at the bottom, but will try to buy around October 12. I think these guys will double (or more) in the two weeks of earnings season.

Warning: I think many of these have another 20% downside, so I definitely am not buying now!

TSL (at $4 or $5, not sure),

SOL (1.4o?),

JASO ( ),...

ANR ($15 or so)... target $30. A coal company and I hate coal, so maybe I won't buy. :(

UPDATE 9/30:

Currently considering this allocation: TSL 25% (at $5); ANR 25% (around $15); SOXL 50% (around SOX 286 or 302).