Midday Update

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April 15, 2008

Sold:

Sold remaining index longs for a loss of about 3%. I chickened out this morning, but things are looking up right now. This includes QLD and UWM positions as well as my 2x mutual fund positions that I trimmed down on Friday. At this point in the day all markets are green and I wish I had not done so.

Half my DAR position in one account for a 4.5% gain. Looking to add CPST there too.

AMAT @ 18.67. I couldn’t take the heat anymore.

Bought:

DRYS May 80 calls @ 1.8 like a chump

CPST @ 2.69 (Yes back into CPST)

KOL @ 42.24

Daytraded YGE for a loss, but had a gain and it went away REALLY fast. In @ 20.88, out @ 20.12 :(

Its a shame that a whipsaw is happening today, because I may go right back into the long trade if this price action holds up in the market.




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