What Worked Today 1242008

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January 25, 2008

Being long. The NDX rolled up nicely today playing catchup.

Its been a nice bounce and it looks like we’re going to get at least another day with MSFT crushing the earnings report.

I talked about it yesterday: “MSFT – Still got it, up meagerly. MSFT reports tomorrow after the bell. I’ll be looking at buying call options on MSFT. Technically the stock imo is setting up for a nice a bounce. Last quarter they said it was the best quarter in the co.’s history. What could have changed for them in 3 months other than their stock price?”

However, I rolled my ankle during a basketball game and tore some ligaments in my foot/ankle so I was slightly distracted today by hving to ge some x-rays and now an MRI and didn’t get to buy those MSFT call options. It looks like they are going to be a helluva trade come tomorrow morning though.

I’m still in the NDX/SPX long.

IBKR – Tanked a little bit on what I thought was a good earnings report. Kinda shocking there.

NOEC – Bought some near the open.

RIMM – That trade from a few days ago is up 8%.

DRYS – Was doing well, but fell a little near the close. Up about 3%.

Alot of movement today in a bunch of sectors/stocks its looking like a broad bounce.




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