Being LONG! Another great trading day today except this time big gains in the indexes and better profits on the equity trades. The markets soared today, but they really soared from the morning Rydex trading window at 10:45. The NDX was down 2% at that moment and its where I added to my NDX longs. I was significantly less exposed going into this morning’s trading (I think I forgot to mention that looking back at the posts). Well that ADD in the NDX was good for 3.4% on the upside plus the -2% recovery for a gain of 5.4%. For my NDX position that was already long just made 3.4% while the SPX did 3.36% and the RUT 5%. I reduced my long exposure once again significantly and depending on how bad the morning is based on GOOG, I may be a buyer again.

EMKR - Nice move today. It was a hold from yesterday and I held it again overnight again. Up 14.5%.

DRYS - The whole sector popped today, but DRYS did 8.9% today by itself, I think EXM more than 12%. I sold most of my DRYS yesterday for a nice gain and let the rest run. That portion that I still have is up 31.7% and I considered selling the rest today, but I had no reason to sell so I’m still a holder. I’m trying to be more disciplined.

HOKU - I am down 1.7% on this one from my buy point and I held overnight.

Sold:

LULU @ 34 from my buy this morning (check the comments of the correction post) for a gain of  7%.

CROX Feb 135’s - I may have sold these too early. I didn’t have a reason to sell other than being satisfied with a profit. Sold @ 1.88 for a gain of 44.6%.

Thanks for reading

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