Thursday, November 18, 2010

When blogs go bad

So I finally am dusting off the blog again after a very long haitus. I think I may very well have frustrated myself, the whole too much to say and too little time to say it. Plus too much politics- its just not healthy. That- and not enough good fun news.

I'm going to try and take a different course now to see if it changes my investing style. I've been a bit more aggressive in recent weeks during the nice ride of the past month or so (granted the last week has been pretty crummy) but its a nice resettling and I think bullish sentiment seems to prevail.
Looking at the premarket numbers I will be looking to sell some very short term positions picked up yesterday and maybe look to sell off some others.
Lets take a look at what I'm looking at:

I'm still in DGIT, but they took a big hit 2 quarters ago, however by buying year out options around the fall those have done very nicely to recoup some of the stock value loss.
I have some options for Nov (Saturday expiration for 25) hoping to get a nice pop on those today and get rid of them. Currently in the RED pretty deep (got greedy and thought I could squeeze another 10% on a nice rise- fail) But think its reasonable to think a small loss or small gain still possible

I bought some March 25 options on DGIT yesterday @2.70, which was up almost 26% by the end of the day. If its up today I'm a seller above 4

I bought HRBN options for NOV, I'm down on those but will let the options excercise. Stock currently between 20-21 with a tender to take the company private at 24 on the table. I expected news by Nov, but think the deal should be firm by end of Dec. I'll take ~15% and be happy :-P

Coal continues to look strong this year, I've been in and out of ANR and TCK all year. Currently hold no ANR stock or options but looking to get back in on a down day. The stock swings 4-6% almost daily, and if you are nimble provides some great option opportunities. Holding a Jan call at 32 for TCK since Sept, its up very nicely. I have an ask at 18.
Finally a JNJ Jan option at 52.5 I got in June. Stock looks good and I will not look to sell until January in hopes of a nice Santa Rally.
That covers the options. I'll post if I put any sell/buys

Placed a Sell order for $4.1 on the DGIT March 25.

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