Trades 4/7/10

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As the Dow nears its 11,000 ceiling and bounces off of it, many have been wondering where all this strength is coming from.  Many of the stocks I regularly trade have been active, yet those I hold have been penny bound.

Having bought both sides of the coin on UAUA, it has stagnated in the 19.20 to 20.20 range after jumping $6.00 since I last sold the stock.   The options I hold are a small fraction of the gains made, selling it on a trailing stop in January. 

The surprise has been RDN, which is usually very volatile and rarely stays at its top or bottom for more than a few days.

After holding at $224 for two weeks,  AAPL jumped again.  I sold this one in January for a $20 per share gain and neglected to buy the dip at 190 again.

Yesterday, SSN popped for its second leg up, hitting .85 - sure to be short lived.  See the chart below. 

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	0.9179	0.686	-0.2319	N/A
BCON	Stock	0.44	0.4422	0.0022	N/A
UAL.Apr.25.Call	Option	0.18	0.04	-0.14	N/A
RDN.Apr.10.Put	Option	0.10	0.05	-0.05	N/A
UAL.Apr.15.Put	Option	0.23	0.04	-0.19	N/A

I have always doubled up on SSN, but in this case, I would have to say I did not see the second run coming.   SSN hit .37 about 5 days after I sold it at it's peak of .57

I have made the mistake of getting back into this stock too soon many times. I normally buy back in anywhere below .33 and sell between .55 - .60 with .30 being the absolute bottom over the years.   Last time, I held through the dilution and, of course, doubled up with a cost basis of .27 / sale at .57

The following chart shows where I have bought in (Green) and where I got out (red). 

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Update 3/17/10

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Both buy limits triggered today and I picked up another couple K of QTWW. 

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	0.9179	0.6545	-0.2633	N/A
BCON	Stock	0.44	0.4151	-0.0249	Stop 0.37
UAUA APR 25 CALL	Option	0.18	0.18	0.00	N/A
UAUA APR 15 PUT	Option	0.23	0.22	-0.01	N/A

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Trades 3/17/10

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The Dow inched near 10,700 again yesterday. If true to form, it should go down from here.  

The price of QTWW hit .68 twice today, and as I mentioned, there is a buy limit set on QTWW at 0.67 in order to lower the basis a bit more.   If that one executes, I will be setting another for .65

Where UAUA is going is anyone's guess, which is why I have options on both sides.  Once a direction is clear, one of those options will be dumped.   Let's hope it doesn't stagnate until mid April.  

I have seen no price movement on TS, AAPL, SSN or GA.  I am looking at shorting GSS if it goes near 4.00 and RDN if it nears 12.00 to 12.50 range.  

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	1.02	0.7002	-0.3207	N/A
BCON	Stock	0.44	0.41	-0.03	Stop 0.37
UAUA APR 25 CALL	Option	0.18	0.22	+0.04	N/A
UAUA APR 15 PUT	Option	0.23	0.18	-0.05	N/A

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Trades 3/15/10

We are still hovering near the peak.  I am not saying that we won't go over the top, but the range has been 10,000 to 10,700 - we'll see.  The Fed meeting could throw things either way.


At open:

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	1.02	0.768	-0.2529	N/A
BCON	Stock	0.44	0.456	+0.016	Stop 0.37

BCON reported this morning and there is some volatility there.  My feeling is that it will be upward, if people actually read the report.

QTWW has asked for my vote by the 29th of March regarding officers and whether or not to increase available shares to 440 million.

I have been waiting for UAUA to make a move up (or down) since my last double options purchase.  It neared $20 this morning (which is where the call craze was about a month ago), so, I got both sides of the coin today.

Updated Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	1.02	0.7205	-0.3004	N/A
BCON	Stock	0.44	0.43	-0.01	Stop 0.37
UAUA APR 25 CALL	Option	0.18	0.18	0.00	N/A
UAUA APR 15 PUT	Option	0.15	0.15	0.00	N/A

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Trades 3/12/10

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A flat day yesterday with a close to the positives. The dow 90 points from it's peak, that is to say, if it continues its pattern range,  10,000 -10,700 .

Watching for a gap down on BCON and will buy another chunk between .39 and .41

I have a GTC buy limit set on QTWW if it dips under .70 - but it doesn't look like the controlling entity is driving it down any further.  They have all but killed any volume whatsoever.  As a matter of fact, there was a 140,000 share spike at close, which could spell the end to this relentless downward trend.

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	1.02	0.7685	-0.2270	N/A
BCON	Stock	0.44	0.435	-0.005	Stop 0.37

I am watching C which rarely moves but a few cents per day - trading over 1 billion per day now. It could be worth a buy because it usually chooses a direction and stays with it.   I have been burned on that one before and it is more for long term.  I may consider a call, strike 5.00 if I can get it cheap enough. 

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Trades 3/11/10

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As I mentioned, I think we will drop a few hundred points in the next few days.  I was looking at UAUA options as the calls will be hitting their mark soon, but it never quite hit 20.00.   I opted to look at another small cap that I watch.

I set BCON to buy at .44 - which is a break out.   These stocks are not (so) influenced by large changes in the major indexes.  This one has been due for a while, so it should do well.  What worries me is if they make a public offering.   For that reason I will have a stop on it.

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	1.02	0.7586	-0.2623	N/A
BCON	Stock	0.44	0.44	+0.0	Stop .37

I also plan to buy more if it drops near day's end or gaps down in the morning tomorrow.  Also  note that BCON will have a conference call Monday before the open.   This could cause a fairly big move in price in either direction, but the sell stop will cover us to prevent any large scale losses.

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Trades 3/10/10

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Yesterday, as things peaked, I kept a sell-stop set .02 cents below the current price of SSN.  More than a doubled up, selling it for 0.57.   The stock historically doesn't go much over 0.60, though one time it ran up to 1.08 for a day or two. 

As I said, the Dow has been crawling up near 10,700 and falling - then repeating that cycle.  I am skeptical on buying into those hitting new 52 week highs.   

Current Holdings

Symbol	Security	Entry	Last	Change	Exit Plan
QTWW	Stock	1.02	0.75	-0.2709	N/A

I have QTWW set to buy a considerable chunk if it goes to 0.69

I am looking at UAUA put options for April, though they are somewhat expensive still.  

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