Being Long? Although the indexes closed slightly down, but mostly flat, I did exit out of my QQQQ calls for a hefty profit. This has offset the (currently) 41% loss in my MRVL August 17.5 calls. MRVL better start moving. I’m guessing I have to wait till next when the guts of the iPhone are revealed.

I purchased July 48 QQQQ calls at the close. I’m looking for further upside and I think the 48s will provide a nice return if the semis can break out and help the Nasdaq move higher.

MOBE – Had another great day pushing my gain up to 10.29% Had over 12% intraday, but decided to hang on for more. Not bad for 4 days.

FCEL – Closed over the $8 mark for the first time since April 2007. FCEL has formed a nice little cup and handle. I expect FCEL to move higher.

Several of the stocks I posted here  on June 8th 2007 are up over 15%.

Thanks for reading

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