Being long. I wish I covered my index longs this morning. I contemplated it, but hung on. Still made money between my split positions of NDX and RUT. I am actually more skewed towards RUT about 60/40 and RUT closed up 1.6% and NDX down 1.4% so ka ching on the spread.

YGE - Nailed the daily top on this one for 16% gain.

QQQQ Feb 43 calls - Out @ 1.48 for a 23% gain. Trade of the day.

SOHU - Dropped it when my stuff went sell. Not taking chances. Got out near breakeven.

DRYS - Sold half my position @ 77.13 for a 13% gain on that portion. Actually DRYS went back to a buy at the close, but I was already cool with that trim. The rest of my DRYS will ride the trend until it changes. On the options front DRYS had unusual options volume today on the call side. Probably in anticipation of their earnings later in the week.

SSO - Out with a gain 2.8% this morning. Why didn’t I take the index funds off at this time too I don’t know. Got caught up in the giddiness.

JRJC - A loss of 5.6%. I dropped it when the market was tanking. Well I got a sell signal on it so that why I really sold, but the market tanking caused alot of these sell signals that led me to cover a few of todays buys.

EMKR - I didn’t want to sell, but after seeing the 15% profit erode, and watching the sell signal get worse, I stuck to the good discipline and dropped it. Sold for a loss of less than 1%.

SCA - I let this one go on too long too. Had 8% this morning as it popped big. Then the whole mortgage bond insurer blah blah yadidada stuff / Warren Buffett junk was all over CNBC and then this whole sector nose dived. Gain of less than 1%.

PMI - Loss of  3.8%. Undisciplined buy. No buy signal, was chasing volume with nothing backing that volume spike up.

ZIXI - Up 7% on the position and 5% today.
BNI - Up 3.2% on the position.

DAR - Up 2.3% today, touched a new 52, up 12% on the position.

CPSL - Should’ve been sold at the close (bad discipline by me), but I’m hanging on for another day because I think China related stocks are a buy here. Down 3.7% on the position.

CREE - Sold it all today and preserved a 7% gain. I’ll be back in on any buy signal. One of my favorite companies/stocks.

CBAK -  Up 1.7% from todays buy.

CHNR - Up 2.7% on the position. This one had a nice spike today, but fell with everything else.

I bought MPEL & MPEL March 10 calls before the close - MPEL @ 12.05 down 2.2% from the buy, MPEL calls @ 2.45. I went in on the basis the charts looked good and that WYNN was reporting tonight and thought WYNN might talk about their crappy US business, but great Macau business and MPEL plays only in Macau.
I also bought AMAT Feb 19 calls @ .20 before the close - AMAT is over or “close to” 19 in the AH. Calls should be up nicely tomorrow.

If I didn’t sell it I held overnight.

Tags: amat, bni, call-options, cbak, chnr, cpsl, cree, dar, drys, emkr, jrjc, mpel, ndx, pmi, qqqq, rut, sca, sohu, spx, sso, wynn, yge, zixi