Tuesday, March 16th, 2010

Trade: NCTY, FRG +5.7%, DRYS +19%

Thursday, July 2, 2009 at 6:25 am

3

New shorts:  NCTY 9.88

Completely sold longs:  FRG ( +5.7% long at 3.48 )

Completely covered shorts:  DRYS 5.78 ( +19% short at 6.88)

- Finally covered DRYS short yesterday.  Another smooth win on playing the commodity fade.  All these divergences everywhere tells me there’s some uncertainty in the market so I decided to take profits.

-  I actually was able to pull out a gain on FRG, even though I was expecting it to be red.  Closing it out green is just buying me some time on my solar shorts.

-  Shorting NCTY on NTES news.

-  I will be buying more home health-care stocks soon.

-  Stocks on the watch:  CTRP, SXCI, TNDN, MR, TRLG

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