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We got an up day! An 'at-a-boy for the Bulls. My two small caps didn't move much, which is nice if the market is falling, but not so when the Market pushes upward.
I am still undecided on which way the markets will go. I am watching UAUA hover at it's 52 week high. My current puts are considered lost - equal to what my sell stop would have been had I bought it. I am looking at more puts for March 2010 or possibly shorting it.
I am still undecided on which way the markets will go. I am watching UAUA hover at it's 52 week high. My current puts are considered lost - equal to what my sell stop would have been had I bought it. I am looking at more puts for March 2010 or possibly shorting it.
Current Holdings
| Symbol | Security | Entry | Last | Change | Exit Plan |
|---|---|---|---|---|---|
| QTWW | Stock | 1.02 | 0.83 | -0.1909 | N/A |
| SSN | Stock | 0.276 | 0.357 | +0.081 | N/A |
| UALNO | Option | 0.10 | 0.02 | -0.08 | N/A |
SSN - I have always sold this one tragically early, then watch as I would have tripled the profit I had taken. I will set a sell stop at .35 after SSN breaks .40 (to trail the price by .10)
UAUA - set to sell short at 14.95 in case things fall apart. I will watch put prices and if I can get some puts at .02 to .03 per - I will grab some contracts. Maybe March, or April.
QTWW will not be sold until the second or third day of the coming run-up - to be sold on a wide trailing stop, in order to give it room to fly.
---update---
Having executed buy limits for the majority of my SSN position at .18 to .22, I am loving this...
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