2/28/12

End of the day action.  Look at volume.  Markets are rolling over.

End of the day action. Look at volume. Markets are rolling over.

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2/25/12

Early entry into $AIG.  VIX calls paying off well today.  Reduced exposure 25%.  $HRB puts still looking good.

 

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2/21/12

$AIG smoked earnings and scrubbed clean the business.  I am going to get long.

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2/21/12

$AIG is a good looking long for value hunters…I am going to wait until this current correction appears over to enter this one.  Ben Graham would be proud to buy this company.

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2/20/12

Vindication for the Bulls and $VIX longs.  Up 19% with big buyers in the calls.  $HRB is showing good profit, $VLO down big as well.  $MPC down but I covered there before the down turn.  Better to stick to my rules then to chase a stock.  Is this a trend reversla for $SPYor just a hiccup?  Comments welcome.

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2/19/12

I am still long June calls on the $VIX, but my timing is off.  Today I added June calls on $SPY to gain some exposure to the S&P and hedge the $VIX exposure.  I should have done this to begin with but I thought I was hedged enough with some of my other long equities.  Now I can afford to wait longer for the $VIX and $SPY to converge, at which point I will sell the $SPY calls of course.

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2/19/12

Looking to $FNSR to break out…waiting for volume confirmation

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