What Worked Today 4232007

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April 23, 2007

The big trade of the day. JOYG call options. 74% on a 1 day trade. Thats what Fast Money really is.

JOYG Trade

I’m kinda on the fence about including CRIS here today. Although I sold CRIS Friday to buy the JOYG calls, CRIS did move up 14.4% today. I got the stock right and missed it by 1 day. Moreover, I made considerably more money than if I had held CRIS instead of the calls.

Being Short was more of a wash today. Being in both NDX and R2K positions canceled each other out.

I added to my ONNN position today. That was up.

OPMR was up, but that was the reason I bought in.

SMDI – Up a little today. The golden cross of 50/200dma’s occurred today. SIRI also looks like a counter trend buy today. If you don’t know, SMDI makes parts for Sat radio.

NAPS – Not doing much at all. Taking a nap actually. I’m getting impatient so its likely to take off soon :) . Chart still looks good.

USEG – Equally not doing much. Chart still looks good.




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