Took 30%ish or more on the ACI and BTU calls. Very nice 1 day bounce there.
Still holding the CVX calls, but considering dumping those taking the small loss and being happy with the big gains in the coal stocks.
Went short with QID and upped my index fund short position this morning. Just sold QID though [...]

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In this chart of the FXI it shows previous breakdowns that this pattern, lets call the “fish hook” have led to at least one more day of new lows. Its the fish hook, because fish hooks when fish hooks enter the water, they go down. Some people just refer to these patterns as “bear flags” [...]

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As I said in an earlier post, the market basically got TKO’d right at the opening bell.
So the market broke the 12000 zone and the SPX broke 1330 and that was my cue. I thought the market would go up today due to yesterday being up and bouncing at key levels. Not the case. So [...]

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As usual one of the stocks I’ve been stalking/owned breaks out today. I’ve been in and out of ABAT over the last month or so and before my patience gives in or another stock grabs my attention first like DAR or CPST and I let it go. Well today we get the break I was [...]

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On a pullback I want to buy some of this company, KHD. This is a China earthquake stock. Due to the massive tragedy in China concerning the earthquake certain stocks are seeing increased interest and are seen as reconstruction plays. KHD is one of them.
Click for the big picture.

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Got out of the FXI trade right at the morning price area of around 10am. Gained 30% on those calls.
Sold all of my CPST positions. CPST looked like it was finding resistance at $4, but I think its going to test there again.

I didn’t buy the indexes this morning because the markets were up. I [...]

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I’m hanging on to every long idea I have right now which includes the double beta index etfs and funds as well as QQQQ calls.
CSCO options went to shite as well as the MSFT ones.
New purchases in DAR and GU are doing fantastic today based on DAR’s great report. This was an additional position in [...]

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Worked:
Sticking with the longs.
QQQQ calls were good for 6% in the early action. In @ .82 out @ .87 (damn morning dip). About 10 minutes after I sold them, I saw that the market was going down, so I rebought the same QQQQ calls @ 1.02.

MSFT had a huge day today and I think [...]

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Worked:
I didn’t get a chance to do a Midday Update today because of family matters.
I also didn’t cash out of my index longs this morning and it worked out for the better. The NDX gained about .66% and a 2% gain for RUT just padded my trade. It looks like we have more coming too. [...]

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Worked:
Being long the indexes. I’ve been long for days now and today it paid off. More than 4% in the RUT and I’m RUT heavy in my index account plus 1.36% in the NDX.
SEED - Up 4%.
CPST - Had a great move today. Up 9.2% on the position.
YGE - I got ancy on my [...]

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Being long. The indexes put in a huge day. 4%+ for both the RUT and NDX. Big day for my accounts for sure.
AMAT - Nice move there too. I sold early even with the 150% gain, but the trade was a good trade regardless. The calls finished up around 350% as AMAT closed at the [...]

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Being long. I wish I covered my index longs this morning. I contemplated it, but hung on. Still made money between my split positions of NDX and RUT. I am actually more skewed towards RUT about 60/40 and RUT closed up 1.6% and NDX down 1.4% so ka ching on the spread.
YGE - Nailed the [...]

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Well I promised to make a list of China stocks. There are alot of them so this is a work in progress. Here are some of my favorite China Stocks to trade. I’ve been in and out of a few of these myself.
CHL - China Mobile
LFC
SNO
CEO
ACH
JST
SHI
PTR - Petrochina
GIGM - Gigamedia
FMCN
HNP
YZC - Yangtze Coal
LDK - Solar
BIDU [...]

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Being long. The Rut gained some pennies, while the NDX gained more than 2%. Hanging onto the longs is not looking so dumb (referring to the Feb 6th buy).
AAPL Feb 125’s - In @ 3.4, Out @ 4.9 (early) for a 44% gain. Trade of the day.
DRYS - Up again - this time 7%. Now [...]

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Sold COIN, sold SEED, still holding NOEC, still long indexes, bought WCI, still long IBKR, still have MDR calls that are getting shalacked. This new stuff I’m working on though didn’t get me into the MDR trade.
Dropped BIDZ too early. 18% pop today.
COIN is up as much as 56% today alone, SEED is just surviving, [...]

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