My index trades got hit today, but the positive thing is they recovered very well by the end of the day. NDX and RUT lost a little less than 1% in the 2x funds (I’m too lazy right now to look up exact percentages). I need and expect an up day tomorrow. If I don’t get an up day in the indexes tomorrow I’ll probably be covering up those longs.

AKNS – I bought in at 6.56, but panicked when it started to dip all day long and sold out at 6.36. However, if I was smart and just played using the pattern I mentioned recently here, I would have been a buyer regardless at the close today. AKNS is trading up 5% afterhours on news from ESLR. There might be more tomorrow if the indexes run.

DNDN – The DNDN trade came about as I saw the pop coming across my screen. DNDN is another example to know how a stock trades. Its just one of those stocks that is heavily shorted and can easily churn out 20% runs like it did today. The option volume was tremendous and buyers were going after the 7.5s in the Jans and Febs very very heavily. Currently up 43% in the Jan’s and 33% in the Feb’s. Locked in profits of 31% on most of the position less than a hour after purchase.

Thanks for reading

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