I managed to close out February in great form, knocking out wins in stocks like QIHU, PLUG, CNTF, KNDI, MOBI, NVLX, KUTV, WBAI, etc. This helped me get past the large number of options positions that expired worthless on me. A personal record of sorts, since my last high total was 7 positions that had imploded on me. I position size for this, obviously, and despite the constant discussions about how critical position sizing is in options, I think at times it falls on deaf ears.
I am back in a zone again, but this time it feels a little different. Like the market has knocked the wind out of a lot of people. As usual, right when things feel at their worst, this is usually the most significant point of opportunity.
Thus far on the day…
My biotech names are absolutely crushing it: PPHM, OXBT, ROSG, CORT…
My stock positions are insane…DANG (+95%), MY (+45%), GOGO, RENN, CIMT…all ripping.
My options are looking great, booked SOHU…holding BAC, AAPL, GME, MPEL, RKUS, NOV, YOKU, etc.
My top picks: SINA, SODA, LNKD
And most importantly, I am back to account equity highs for the year, in short order. As you know, that’s how it works.
Good job guys.