Wednesday, May 11, 2011

Bracing for Next Week

Two up days can't make up for last week and today. I held onto most of my options and even bought rebound candidates ... and now I'm going to get punished for it. Next week's expiration Friday is coming way too fast. DNS -130, -27, -15.

STWD took a dilution hit. Maybe it will rebound like ARR did. It didn't hurt that ARR has continued to show a 19% dividend.

Trades:

Shares of FMCN were sold when the trailing stop loss order triggered (+5.44%).

I bought call options on the falling knife that is STEC. I thought -18+% was safe enough. I thought wrong.

Reversal alerts: (3). Of interest: PRIM with a forward P/E of 12, strong sales and modest earnings growth with upwardly revised estimates.

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