Thankfully I Waited To Buy

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May 20, 2008

I talked about it yesterday, that I was going to buy the morning weakness. Thankfully I didn’t. I waited till the eod to buy the indexes. I went in halfway and plan to add to my position if the weakness continues tomorrow.

CPST – Continues to perform even in todays action. Closed up to 3.9!!! First profiled under $1.5 thats a 192% gain since then.

Bought some FXI calls at the close for an overnight trade.

Volatility is creeping upwards, people think this is the end of the 2 month rally and are chanting “Sell in May, Go Away.” I don’t think the run is done. Again, if there is morning weakness I’m buying it. I expect it actually.

*I don’t know why the last post didn’t post until now. I wrote it yesterday…