Thursday, April 26, 2012

Weak Hands

That describes my GTLS position today. I was one of those people that sell when they finally get back to even. GTLS surged 9% this morning on the earnings report and started to lose steam. I sold my June calls (+14.4%) and half my shares (+0.03%). After watching it trade down the last six weeks I wasn't in the mood to give anything back. It closed up 10.6%.

I had the good fortune of buying June RES calls for a small account Tuesday morning. The bid for my account missed. It closed up Tuesday, gapped up Wednesday on earnings, and ran up another 5.8% today.

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