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First, still long the indexes. I’m waiting for a reason not to be in that position. Minor hit today.

I expected a move in the first part of this week that would allow me to get out, but after the Alcoa news it seems it will come at options expiration instead.

I started out the day selling my EGLE calls for 25% gain.
I sold my CZZ position today for a 15% gain. Originally purchased on 12-23-09.
The reason was to raise cash for other trades I think will move immediately – could be a mistake, or might be right.

I bought SWHC, DRYS calls, EXM calls, TBSI, EGLE, RGR, CMM (little known China stock or little known to me, despite my vast stock symbol knowledge), CHINA, IAG, LIHR.

Sold PRGN (wish I didn’t) at even, trimmed some FRG taking 6%, trimmed some MIPS slight loss, out of DPTR completely for breakeven.

Obviously I like the dry bulk shipping stocks here. I wasn’t impressed with the way Gold acted today even though I bought two gold stocks. My stuff says to buy it so I’m trying not to out think it.

I’m fully invested folks. There are so many good setups that I think we have to have that blow off top move.

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