Trade: CMED (+4.7%), LOPE …heading home T_T
New shorts: LOPE (16.05)
Completely covered shorts: CMED +4.7% @ 20.86 ( short at 21.85 )
Notes:
- VIX crossed into uncomfortable territory to hold investments. Heading into July with a short bias, but will buy longs on dips. VIX = 25.59
- I’m glad to exit CMED after it spiked on me a bit last week. I’m not so happy about the Russell effects on ANCI. Not buying dip here.
- Expecting a pullback in school stocks. Shorting LOPE. I already took profits in LINC longs last week. Summer time.
- Madoff gets 150.
Well, I’m about to leave Cali in about 5 hours. I had a super time here. It’s pretty cool that as a trader, you can go on vacation, and still “work.” … sort of. I’ll put up some reviews of the billion restaurants I ate at, and all the other tourist traps and stuff I did. See you in Hawaii traders!
GIO, love your shorts! But may i ask what made you short LOPE? the TA seems to favor it going up.
Thanks Gio. Sounds like the life. One day…