Pop 'n' Fizzle

The markets started strong, then went south. DNS +49, -15, +3.

Trades:

I bought WLL shares again.

WFR hit its trailing stop. -2.31%

I sold Shaeffer recommendation OPEN call options after a long term holding period of one day. +32.3%

Options closing today (bull call spreads except SKX):
SKX -100%
ANR  +52.7%
LULU -38.0% [Shaeffer reco]
RES -30.3% net for all three spreads
VECO +42.9% less commissions.

That was a very disappointing finish for energy stocks ANR and RES after being deep in the money for so long. Overall though it's been a very good 30 days. There was a lot of selling to protect profits and capital and some scrambles to repair trades, but that's half the game sometimes (and sometimes more).

Reversal alerts: (27).
CAB has held up the best here, but STMP DRYS & NTRI all have some earnings growth and good P/Es. None have had significant sales growth recently (check estimates though), and the last three have sold off pretty hard. DRYS is shedding some heavy losses and sustaining a new profit level that will drop its P/E to around 5. It would be my pick if the the markets were to shape up, especially on news of economic recovery.

Value-sales portfolio +44.5%

It's been a tough week for the value-sales port as it dropped 12%.