Wednesday, September 29, 2010

Current Positions Update Sep 29

Below are the current positions I have open going into Thursday Sep 30.  Already took profits on most of them just to make sure I lock in some gains.  The SPX is having trouble getting over that 1150 area and I don't want to be in positions too heavily, in case the market decides to reverse, I don't wanna be caught with my nuts out!

SHOO - Currently have 1/2 position.  Could continue to move up on recent strength.



ENTR - Holding 1/2 position here as well.  Broke over 10 intraday but pulled back and closed just under 10.



FNSR - Took 3/4 profit intraday at the highs and reloaded some on the slight pullback in the afternoon.  Stock traded 2x it's average volume today and closed strongly.



SHLD - Picked up a few Oct 75 calls as a starter position.  Will add if the stock drops back a bit and trade is still valid.  Looking for it to break over 100MA and resistance area shown below.



ARNA - Just taking a shot here with a small position to see if we get a bounce as the stock has gotten the shit beat out of it.  In at 1.58 and will stop out below 1.50.



Banked all profit in $RIG Calls today and $ATPG.  Will look to reload on a pullback.

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