What Worked and Sucked Today 4232008

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April 23, 2008

Worked:
Sticking with the longs.

QQQQ calls were good for 6% in the early action. In @ .82 out @ .87 (damn morning dip). About 10 minutes after I sold them, I saw that the market was going down, so I rebought the same QQQQ calls @ 1.02.

Little dip the it ran, then it dipped again all the way back to the morning action and found support.

MSFT had a huge day today and I think it will get better. They report tomorrow after the bell and I’m expecting fireworks. I own MSFT stock, and want to buy some calls tomorrow.

EDEN – Up 4% on the trade.

Sucked:
YHOO calls. Sold for around a 50% loss.

Bought:
Rebought DAR.

I didn’t mention that I sold KOL yesterday for a gain of around 7%.

QLD – Bought some QLD this morning. I’m flat on the trade.

Sector notes:
The move in FXI has sparked the China stocks again. All the speculative names are really setting up.




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  • http://www.stockrake.com Sensei

    that was supposed to say, “market wasn’t going down, so I rebought”

  • http://www.stockrake.com Sensei

    that was supposed to say, “market wasn’t going down, so I rebought”