Wednesday, August 25, 2010

Hoping for Another Up Day

We're due for a few "up" days which I'll use to liquidate more long positions and go short with those funds.

Today's trades: My SIGM bull call spread hit its sell limit (+13%) and sold to close. Bought CRM (c) puts.

There are plenty of reversal alerts but you can't play them without getting whipsawed to death. Its seems better to go with good stock that are running well or just short bad ones that are overvalued. Only half my puts are profitable as of the close but as a group they're doing well. CIB (c) has been cranking along.

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