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What Worked and Sucked Today 4232008

Worked:
Sticking with the longs.
QQQQ calls were good for 6% in the early action. In @ .82 out @ .87 (damn morning dip). About 10 minutes after I sold them, I saw that the market was going down, so I rebought the same QQQQ calls @ 1.02.

MSFT had a huge day today and I think [...]



What Worked and Sucked Today 4212008

Bought:
EDEN - The agriculture stock you haven’t heard of yet.
Back into CPST again. It went above 3 and held.
Stayed in my index longs.
Chart reader on Fast Money profiled DRYS as a potential swing trade. StockRake readers know how much I love the stock and have been riding the recent move to breakoutdom since last month. [...]

Sucked:
Not being on board for this:

Essentially my 3-4% loss in AKNS caused me to lose the trade above or something similar.
Worked:
Being long heavy in the NDX and RUT. 3.4% and 3.7% respectively. Out @ 76.88 was in @ 71.44.
GOOG - Took 17% gain on the overnight trade.
JOYG breakout. I sold the breakout to raise cash [...]

Worked:
Being long the NDX and RUT for a 6% gain.
DRYS option calls good for 47% overnight.
CPST, JOYG, DAR, KOL all moved higher. These 4 are either at or above 52 week highs.
GILD had great earnings, but no AH action yet.
Sucked:
Not being heavily long in the indexes. To be fair it was very unclear to me [...]

Morning Update

Sold:
DRYS calls @ 2.65 for a 47% gain overnight. I sold early, because this really is going to 80, but my indicators show very overbought, however, overbought is a sign of strength so its always a tug of what to do.
Dryshippers are going nuts today. EXM, TBSI, DRYS, GNK, DSX
Bought:
PBW - Clean energy wilderhill ETF. [...]

Midday Update

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 [...]

  
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