What Worked and Sucked Today 3192008

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March 19, 2008

Worked:

It was a sweet move cashing out of the longs this morning because the market dumped hard. Saved myself more than a 5% loss. Thats a nice swing for my account.

VLO – Calls. Made 52% overnight from yesterday’s buy and sold it friggin perfectly @ 4.12. VLO was up over 4% earlier then finished down over 2% by the end of the day. Slightly making up for the YHOO calls going worthless.

SJT – Getting out yesterday saved myself another 4.6% downside move. Plus the call on oil dropping was good too, just wish I shorted OIL/USO though.

Sucked:

VLO – The stock itself. Still holding it.

CREE – Taking the loss today of 20%

CPST – Taking the CPST loss sucked, but I had to cut it. I’m not going to ride a crap trade. CREE was one of those.

INTC – Bought in early, but chart still looks good. Still holding it.

AMAT – Profit taking set in today on everything. AMAT wasn’t singled out. I had 7%+ yesterday and AMAT got hit today, but I’m sticking with it. Up 2%.




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