Monday, January 9, 2012

Buy or Sell?

There seems to be an air of cautious optimism that would lead me to say "Buy", but cautiously. DNS +33, +2, +3.

Did I mention last week that you should have bought NFLX? It's up again today, 13.8%. Yep, you should have bought NFLX ... or CAAS ... or HOV.

Trades:

Rather than wait for more bad news to hit MCP, I sold my January calls while there was some time value left, +8.95%.

I also sold my January CDE calls, +5.4%.

Rather than hope these mediocre trades can hold their relative highs, I decided to just sell them and be happy with the gains and better prospects of my KOG and OAS calls (both January).

Reversal alerts: (4), all too marginal to bother with.

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