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.

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.

If you like this post, check these out too

• May 12, 2008 -- The Oil Short, The QQQQ Calls, and CPST
• May 9, 2008 -- Riding The Rough Water
• January 23, 2008 -- What Worked Today 1232008
• April 22, 2008 -- What Worked and Sucked Today 4222008

Thanks for reading

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