Short $NDX At Close

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September 16, 2009

I rolled over to the short side at the close into the $NDX. I’m a little pissed about missing today’s up move as it was the cherry on top of what has been a fantastic uptrend since 9-1-09, which was the day I went long on this swing.

Sold $FSLR calls for 19%, $PBR calls 10%, $HK calls for 21%, $FRG 4%, $GILD calls -16%, EGLE calls for 16% or so, and other random things I sold that I mentioned today. Oh I remember now, I sold my LDK Oct 11s in a fit of a rush because I had to run out and drive my car to charge the battery. Long story, but now its on a trickle charger.

Intraday trades: $FIG calls -5% (daily FIG chart still looks really good), $POT calls with slight loss, $SKS calls for slight gain, bought SOLR up 2.5%.

I am looking at buying $SRS calls tomorrow on the open. The only way I dump any of my short trade is if the market is down big in the morning. At that point, I’d lean towards buying it.

I own, LDK Oct 10 calls, CROX calls (again not really a chart play), BPZ, CPSL, ROYL, PAL, S calls, OCNF and LH calls which will be worth 0, SOLR, and still have a piece of AVII (I might add to this puppy).

I want to get back into CEPH and GILD calls. I like the setups and looking for some sector rotation there. Essentially I raised a boatload of cash today.

pbr




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