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Damn what a rip to the downside today? I’ll say I didn’t expect it. Just enough to scare people out of positions. Indexes bounced back over the 21dema which is a positive sign. Anytime we have touched or sliced through we got a large rally.

I reduced some of my exposure to my MOT, T, and VZ. I was heavy there. I took off some of the front month exposure in VZ while gains were still there. Kept outer months on. The trade premise is still perfect, these should move higher, its just a tough period before the profit comes. Remember my gold trade same thing. Except this time I have the cajones and fortitude to sit through.

I bought some SBUX before the close feb calls. Will sell in the morn, maybe.

Bought WFMI calls – Clustering of food stocks looking good as commodity prices falling off the highs.

Bought cheapo bank BBX – regionals all look good.

Long the indexes still – no reason to sell yet – NDX and the RizzUT

Took some GS calls home for the morning.

My position in BBX is small and won’t be hiring a butler anytime soon even if it goes spaceish on me.

Haven’t looked at many stocks tonight since getting totally drained from basketball tonight. 8-1 in games won. I can shoot the rock boy.

CVS is high on my list of want to owns. Maybe I’ll do a list tonight if I don’t fall asleep.