Looks like we are headed higher, and I couldn’t be happier with my positions. Take a look at my four horsemen:
[[MELI]], [[AAPL]], [[RIG]], [[GU]]Updates later tonight…
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Joined Jan 27, 2008
7,405 Blog Posts
That’s a nice run you’ve been on.
Good shit.
Berry nice!!!
GOOG – INCREDIBLE. Played a small Apr call position and by the looks of it in AH could be up 3300% tomorrow. Holy fuckin shit!!! Overnight.
THANKS, actually my whole family thanks you.
Maybe the “Green Apple” car
was a sign. 🙂
Congratulations.
If you need me I’ll be over here in my car.
In the garage.
With the engine running.
LOL @ Jake
you and me both brother
Phew, tried a strangle in GOOG after my miserable play of SPWR. Makes up for my losses, I can still pay tuition for school!
In on AAPL, PBR. Rc, wish I could RSS your blog. Keep up the good work!
Skot,
what happened with SPWR, you should have made money on the put side, the stock tanked in the afternoon.
Thanks OA.
Karma points for Jake
SKOT — be careful about Pabst Blue Ribbon. She led the charts in the WSJ’s “Selling on Strength” page.
I’ll have to agree with Jake on that one.
Jumped the gun and closed out the puts of the SPWR strangle without closing out the calls. Lesson learned, strangles will always be closed in full from now on.
As for the selling on strength note, thanks for the advice. But what does it imply when a stock is on that list? I see XOM and IBM made it there too.
RC:
Where did the GU idea come from – I’ve run into that a couple of places around the web and I put that on my watch list – maybe I need to move on it
BB
Originally from Chris Perunna, he highlighted it a while back and it has been on my watchlist since.
The fun it just getting started.
Before Chris put it up, I saw GU over on Gio’s site.
Perhaps I was there before so I’m not going to get into a “who was first” argument.
http://intuitivetraders.blogspot.com/2008/02/from-desk-of-gio-care-sector-fresh.html