Market Movement Was Good For Bulls

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June 4, 2008

I didn’t get to make a post yesterday due to a debilitating migraine.

What I did yesterday:
Remained in cash from yesterday’s morning sell.
I bought more CROX Jun 10 calls.

Today:
Bought UWM, went long the indexes this morning, sold most of the index positions this afternoon and will look to buy in heavily on a down open. I’m currently positioned lightly long in the NDX and RUT, but want to get back in with a larger position if the opportunity presents itself.

CROX actually had a nice move today where these call options were up 30% when CROX hit 10.30 sometime this afternoon. The shorts get really nervous when this stock moves even a little. I’m expecting a break of today’s highs in CROX tomorrow and thats where I’ll sell these calls. Should be > 30% tomorrow if that happens.

DAR hit a new all time high today. Its quietly continued its move back higher.

I’m sitting here watching Mad Money and he mentioned CAT. I love CAT above 80 and I want to get back in. Look at the sideways consolidation.




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