Dec

11

Taking profits and getting short

December 11, 2007 | 1 Comment

This afternoon I decided to put on my selling shoes and exit a number of my long positions. In addition, I got short in a hurry as we broke through the 1490 level on the S&P. In the past few days, I have continually noted that while the market was rising and things were looking decent, we had yet to see volume return to the market on the up days. That negative divergence was the key piece […]

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Nov

19

Taking partial profits in CPHI, inching back into SDTH and buying KONG call options

November 19, 2007 | 1 Comment

This morning I decided to take partial profits in CPHI, selling 20% of my total position at $3.25. I also began to inch back into SDTH by buying a small position at $6.80, and I bought a small position in KONG December $5 call options at a premium of $0.60. Given the fact that I’m currently in flight training for most of the market day, I’m now relying on limit orders for my trades, and got a bit […]

Continue Reading Taking partial profits in CPHI, inching back into SDTH and buying KONG call options