Tuesday, May 31, 2011

Toes In

I'm dipping back in with smaller positions and tight 5% trailing stops on equities. DNS +128, +38, +14.

Trades:

I was starting to worry about TEO so I put a 2% trailing stop on it. Sold, +5.2%.

I bought a June call spread and shares for PTEN. I just like the growth and rising estimates too much to not be a holder here.

I converted July PTIE calls to a call spread.

Reversal alerts: (19). Nothing spectacular but maybe DDE, ABT, or SPRD.

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