Worked:

I didn’t get a chance to do a Midday Update today because of family matters.

I also didn’t cash out of my index longs this morning and it worked out for the better. The NDX gained about .66% and a 2% gain for RUT just padded my trade. It looks like we have more coming too. I can see 750 being hit on the RUT.

I held all my longs overnight and will look at tomorrow morning’s open as a possible place to get out at least some of my trade. Being long when everyone thinks the market is tanking has paid off – as I tug on my fake mustache like Dastardly does. You will also notice people will be saying that since we couldn’t hold the highs that the market is probably going to sell off because its at resistance. Just watch we will break it and shorts will have to cover juicing the move more.

CPST – Up 10.5% since the buy.

SEED – Up 7.5% from the buy. This had a great morning, but didn’t hang onto the highs.

IKEA – No not the symbol, the store. I was there tonight and went up to get some food. I’ve never eaten there before and have heard that I gotta try the meatballs. Ok fine lets see what all the “buzz” is about. So they were closing down and all roped off and the guy said, “come on in. Take whatever you want as much as you want – free.” Now, I’m not alone, I’m there with my son and wife and I say, “Why?”. “They didn’t announce it over the intercom that the cafeteria is closing.” By this time I probably had a plate of the shrimp and egg sandwich with a plate of the apple cake already stacked when I turned and said, “Oh.”

Final setup, swedish meatballs with cranberry sauce and gracy w/ mash potatoes, shrimp and egg sandwich, mac and cheese, apple cake, peanut butter/jelly, fruit cup, apple juice, and 2 waters.

Meatballs anyone?

Sucked:

YGE – Sold for a loss. See below.

WCI – Churned. See below.

YHOO calls – Continue to deflate in value while waiting for that $35 bid from MSFT.

ABAT – Dropping a little on its first day trading on the Nasdaq. BTW GBT changed back to its old symbol ABAT – Advanced Battery Technologies.

Trade History:

Bought:

CREE @ 33.84 up 3%, WCI @ 4.34

Sold:

YGE @ 18.92 for a loss of 3.8%. This loss could’ve been minimized if I was home.

WCI @ 4.31 for a loss of less than 1%

Comments:

There are a lot of attractive setups showing up so I’ll be putting up some Stock Lists this week.

Thanks for reading

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