It was a busy Tuesday! Some moves of note: Sold half my IO at 10.05. Earnings are in two weeks but the stock has run very nicely for the past 2-3 months. It was time to take some off the table. I was honestly shocked that the market responded so well today, so I'm treading cautiously. With the turmoil in the world I did not expect such a strong move up today. We shall see if it holds.
Well day 2 of the experiment and its already been a rocky road! The QID pick was a major flop but as its all in fun we're going to let it ride a bit more, I'm counting on a return to sanity tomorrow, though it will take a few down days to get us back in the black on that one.
On the plus side the ANR pick already topped out in a few hours, so I'd have sold the call at 6.5 plus and held the short call, see if we can't get it to go down tomorrow and skim a bit more off our profits. As it was if we covered today we sold the 3 at $6.5 for 1950 minus our short (currently sitting at 2.9) or 870 subtract 20 for commission and after one day our 790 is now 1060, or 34%. Not to shabby for 1 day (Discounting that QID fiasco- thats why you use trailing stops!)
To be continued!
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