Overall I’m in cash in my index funds and long a few stock plays.

HSKA- Still up, but it took a beating today knocking my profit down from 21% to 6.5%

PAE – Got into this one today at 2.44 and after hours its up to 2.68 on a good earnings number. A quick 9.8%.

WZEN – I bought into this one today near the close. I’ve been in this one before.

BZH call options – I bought some August BZH (Beazer Home) call options. I noticed that there was an increase in call option buying related to the Buffet/HOV rumor so I piggy backed it. This could surely turn into a loosing trade. I’m no fan of the homebuilders and as a backup to the rumor idea, the stock along with others in the sector are severely oversold, and have heavy short interest.

Position update:

MDT call options – Down 40%. However, on the daily chart Medtronic is showing a perfect flag formation which portends higher prices are coming. If you look at the chart, get your own, you can see a nice decrease in volume along the pennant and stronger volume on the pole.

LVLT call options – Down 25%, but stock is moving. I’m a nickel from even.

Thanks for reading

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