SPLS - Sold the options for 50% gain– less commish around 39-40%. The same options have jumped about 600% off the bottom though in 4-5 days.
UA - Under Armour is finding home at these levels. I have it on a buy. Up 3% today, down over 20% though in the trade.
RUT - The gain I [...]

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Took a 50% gain in the SPLS call options I bought on Nov 5 for .20. I got out today at .30. Really ends up being around 40% minus commish.

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Being long the RUT. That sucked. The RUT ended down about 1% for the 2x leveraged funds, while the other indexes closed higher on the day. Taking my NDX portion to cash yesterday. That sucked too. The gain in the NDX would have offset the RUT loss a little bit.
What worked…
ICTL - It looks like [...]

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Markets are screaming higher today.
SPLS - Staples is up another 5.4% today based on Goldman Sachs upgrade raising them to the top of their retail buy list. Thats 22% in two trading days off the bottom. I hate being early.
SNDK - Breaking a downward trendline today and the buy signal went on a few days [...]

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Being long. Yesterday was a disaster in the market, and I was long. I couldn’t post because I’m on vacation and don’t have ready access to internet access. I saw what happened today. It looks like the bottoming process has definitely started. We should get a second up day tomorrow. We haven’t seen two in [...]

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Took a loss in USU calls and the blundering YHOO call purchase made last night. I have a feeling we might see some bounce today. My stuff shows us opening in oversold territory that might give us a bounce into yesterdays close.
SVA and GBT are booming today btw. GBT had blowout earnings. I made a [...]

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Being long the indexes. 2% pop in the NDX. Its the only index I’m long.
I’m worried about tomorrow though with GM’s afterhour 39 billion non-cash charge and what that might do to the market. However, CSCO is afterhours tomorrow and that can save the day/week. The bifurcation between financials and technology is amazing. I know [...]

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SPLS popping 3.6% on no news. My calls are breakeven, but this action is very positive. When does Staples ever pop this much?

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USU calls are doing well this morning up 50% - take that AXP trade. I bought some out of the money calls in SPLS a few minutes ago. The Dec 25s for .20. Its a contrarian play that has nothing to do with this article.

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