What Worked and Sucked Today 4162008

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April 16, 2008

Worked:

Being long the NDX and RUT for a 6% gain.

DRYS option calls good for 47% overnight.

CPST, JOYG, DAR, KOL all moved higher. These 4 are either at or above 52 week highs.

GILD had great earnings, but no AH action yet.
Sucked:

Not being heavily long in the indexes. To be fair it was very unclear to me which way we were heading yesterday.

Selling DRYS options too early.

Not buying back CAT yesterday when I saw it.

Not having more $ to buy all these stocks that are flying.

Almost went back into YGE, but hesitated, got distracted, forgot about it.

Not watching CREE closely yesterday.

I added to my index longs today “heavy” and stayed long everything I mentioned: CPST, DAR, JOYG, GILD, KOL. That stock list from the last week that I thought was worthless based on Fridays huge selloff, is back in play. All of those stocks.




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