Update On Positions

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December 11, 2009

-Added to C calls
-Bought AMAT calls based on call activity – down day today – and my post about its breakout over the last weekend
-Trimmed CSUN and FEED due to them being in danger of rolling to sell signals
-Bought some MGM for a daytrade
-Bought UCO based on USO and OIH charts (only posted USO)
-Bought PTNR

Also still long NDX and RUT 2x. There are a bunch of resistance levels on the between 1106-1110 SPX. If the SPX did managed to close above 1110 tomorrow I would actually consider trimming back my 2x longs. Seems counter-intuitive, but I feel like there is a false breakout coming. I may be over-thinking the situation.


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