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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 the Feb 14-15 calls. However, I took those gains EARLY as they ran further to 220% and 150%.

I sold most of my ROYL position today at the +7% mark today, but kept some as the trend is still intact and I don’t want to complain if it runs further without me. I also went in and out of it for nothing intraday.

-cut a little CZZ

-added to PRGN, added to FEED, added to MIPS, added to BZH today (proud I didn’t sell it yesterday – chart still held), added to C

-bought FRG, bought SRZ, bought BRCD calls, bought AMAT calls, bought CNXT, bought EGLE March 5 calls

-sold TBSI calls for gains, sold ZOLT calls for a loss (chart is still ok though – might be better next week), sold PBR, sold BEAT (chart is still ok, just not waiting on it)

I plan on going back to value related swings as my junk stocks either stop out or go profitable.

What do you think is happening tomorrow?

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