Friday, May 20, 2011

Arublaaah

... Networks. DNS -93, -20, -10.

Trades:

I bought shares in FMCN.

Limit orders for my FMCN and PTEN call spreads triggered, +32.0% and -46.9% respectively.

Value-sales portfolio, +44.1%
Today Aruba Networks closed down 17.1%, dropping the price from $32.69 to $27.10 making my $28/32 call spread worthless. The value went from $4/share to $0 in one hour. Sheez.

I'm glad to put this options expiration behind me ... the worst in a long time. I'm okay with the stocks ... the trailing stop loss orders did their job.

Reversal alerts: (14) yielding SWS RBCN RCKY WRLD ICUI ENH BKH ETP & OTTR.

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