Wow the RUT was curiously strong today….my RUT short got spanked for -5.5% today while the NDX although was looking at a 3% gain this morning turned into a flat pancake by the close. A very strong move came into the close and who knows why? IMO, we didn’t move up enough last week to [...]

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Sold CPSL on the pop today. Took a 11.6% gain. I’m considering getting more short here this morning. I don’t know the reason for the minor rally off the bad news, could just be typical counter trend stuff.
Still own LLNW, BRCM, and VCLK calls are up about 14% right now, considering taking it, but I [...]

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Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today.
I forgot to mention that I dumped PWAV taking about a 1% gain [...]

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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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Well on the week to week basis we got the rebound I was expecting.
On a week over week basis, the RUT gained 19 points, and the SPX gained 21 points. However, things like the UYG did 14.6%. So certain items this week exploded while others were just good.
I flipped to a small index SHORT position [...]

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The long worked again today. On my trimmed long from yesterday I added another 1.9% in the mutual funds which I’m still holding and the ETF’s of UWM and QLD were sold this morning for a variety of gains ranging from 4.5% to 7%. Loving this long trade, but what little exposure I have left [...]

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If you got in on my BRCM put trade, today BRCM did reach its 200dma. The 200dma was my target so I would recommend taking the 30%+ gain today. The puts are up nicely. I got out too early for no reason at all. I mentioned that I made a mistake on that already.

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I forgot to post that I sold the BRCM puts yesterday. I sold them with a minor 15% loss, but as of today they are up 22%. Stupid trading mistake.
ONT - After posting about how well its doing it got spanked for -7% today. Thats expected after a 36% runup on a stock under 2 [...]

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Jon Pete Najarian who is filling in for Tim Strazzini on Fast Money all this week mentioned he likes and owns both BRCM and MRVL. I also like them both and have owned them recently, but do not currently. However, I would like to buy BRCM after todays action. We took out a descending trendline [...]

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