Wednesday, April 6, 2011

Looks are Deceiving

With DNS +33, +9, +3, it looks like you might be up for the day. I sure wasn't.

DRYS & CSCO were up 4.9% or more. Energy stocks BEXP FTO ANR RES GLBL HNR WLL BHI & PTEN took a hit. I own five of those. :-(

Trades:

As mentioned below, I sold the CF call spread before it went negative and I had to go into "hope and pray" mode. +3.77%

PLAB shares hit the 8% trailing stop loss trigger, so gone! +7.65%

As mentioned, I bought JDSU and APH call options. I liked it better when JDSU was up 5%.

Reversal alerts: (1) - junk.

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