Ouch... So my PCLN guess took a nasty turn when expedia was kicked out of the house by American Airlines, this then resulted in an assumed increase in traffic from expedia to Orbitz, Travelocity, and Priceline, both of my Put calls got stopped out at 50% loss- not good. The Russel passed 800 so my bearish views seem lost. I'm all bull now (not really) but am more optimistic again for the short term. With ADP reporting a ton of new jobs last month the jobs report tomorrow should be very very interesting, if it re-iterates ADP's report yesterday tomorrow will be so green it will raise the spectre of the dot-com days, and money will be flowing in the streets. I am expecting the report to be good-after all if a payroll company says it must be so, I think it must be so. So I'm betting heavy on an up day. As nothing I have is particularly market friendly and nothing I'm following really appeals right now. (Coal is too high to fast, TCK/ANR) DGIT I'm too heavy, NUAN is moving slowly but I've lost interest, QXM is absolutely on FIRE this past week (now up 60%) and STILL under a $1.7 if the deal (when) (another 30%) it goes through. Smarts say to buy more, and I may look to improve my position.
Moves today; I got into Jan 20's of INTC at 1.01, (pure market momentum play) a good day is a gimme 25% I also got some Corning ( GLW) at .38 for Jan 20 again a momentum play. The latter move is already up nicely at 37%, looking for a double to recoup the losses on Priceline.
Bring the jobs, I'll bring the champagne
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