Tuesday, August 31, 2010

Trimming Up

I opted to sell my puts on FGP (-19%). It's just running too well. I also started feeling like CRM and ATHR could bounce and take me negative so they went too  (+5.4% and +21.5% respectively). That still leaves puts LEAP & SGT (both maintaining a profit) and ALSK and BMRN (both flat). Plus (5) bull call spreads and about as many stocks (all long).

VectorVest is calling for aggressive traders to go bottom fishing, and for conservative traders to consider entering the market with a bias to the upside.

Finally, our value-sales port from early Monday morning.

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