What Worked and Sucked Today 4222008

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April 22, 2008

Worked:
Nothing really.

Sucked:
Indexes took a beating. Gotta have patience and discipline here. Loss of 4% for RUT and 2.6% for NDX. That bites. This is where discipline comes into play. I’m expecting a move this week. Maybe it comes on AAPL’s back tomorrow or MSFT’s either way the move up THIS week will need to eclipse todays open by Friday 4pm. Well it won’t really need to make that move, but I’m expecting that action.

Did you see DRYS? My May 80 calls that I bought a few days ago were up 288% from my buy point. The only thing is that I sold them early with a meager 47% gain. I knew when I sold them and posted about it that I sold too early and DRYS wasn’t done. However, I’d be a seller today or roll into calls further out.

Bought:
QQQQ calls

Foolishly bought some YHOO calls. YHOO really is a widowmaker stock.

MSFT




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