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I got out of nearly everything today except for 1 stock and that not stock isn’t anything special. Running for the exits? Not exactly. Just taking gains in the index longs, cutting the mediocre things, things that sucked (USO, FCX in and out), and taking gains in the things that rocked (C calls, AIG, DIS …

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In the next 1-3 days there will be enough movement in the market to cause a reason to take profits. This is where the index longs will payoff and where I will be cutting back. Gained back about 1.2% in the RUT 2x. LEN overnight calls were great today with 85% and 64% gains in …

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-I sold my MIPS position today for 18% -Sold another portion of my MS calls for 379% in the Jan 31s and 140% in the Jan 30s. I tweeted the incorrect gains on this trade. -Added to TLB at 9.29 -Sold RDN slight gain -Bought TBSI Feb 7.5 calls -Sold my CQP today for 12.3% …

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I’m not seeing anything to doubt the upness of this market. Today was nice as I got paid for buying the Jan 30,31 MS calls. I talked about this pattern that was setting up in C and mentioned the same pattern was in MS. I sold half my positions in both Jan 30 and Jan …

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I took the index longs to cash Friday morning which ended up not being as smart of a move as just leaving them long till the close. However, I went back to a long position in the funds, thinking we get a currency related Santa Clause rally this week. By currency related, I mean reversion …

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