Tuesday, November 13, 2007

A Way to Lose Money

It was tough foreseeing STP/FSLR puts pre-market... and yet i had nothing set aside for a bounce today. Well, I jumped back in and played both sides of the hedge towards the end of the day (sans RIMM), thinking that my picks would flatten out, instead they continued upward (thus another missed opportunity).
AAPL: Dec180call@7...Dec125put@1.1
RIMM: Jan150call@3.3 (cheap)... Dec76.6put@1.7
GOOG: Dec750call@7.1...Dec500put@1.85
FSLR: Dec250call@5.9 (rip off)... Dec125put@1.35 this stock couldnʻt stay near its highs like the other leaders, but aftermarket is kickin butt again

The puts may seem far out, but theyʻre there to prevent the worse case scenerio...
Otherwise 40% of my total portfolio remains cash...no touchy touchy til January... rhymes huh?
One of my portfolios has officially broken even *Ahem* (lost all itʻs profits YTD) - Thatʻs 50%.

Regarding a former favorites:
-VMW... i donʻt like the competition thatʻs coming. MSFT and now ORCL... besides a lot of open-source Virtual Machines already existing and gaining. No doubt that VMW is the leader, but itʻs window in keeping that status may close sooner.
-GS... i wished i got a position... since financials SEEMED to have bottomed.

PLAN: if this is a small rally take any green possible with tight stops. hope this momentum lasts through tomorrows open, then cash out. and eye out puts again... the Bulls & Bears will be pounding each other the next week or so. such a headache. In visiting Timʻs site & Flyʻs you have 2 traders in the trenches. Both with logical arguments... *sigh*

Well, i woke up to get these positions ahead of my 16 1/2 hour night shift... slept about 2hours... iʻm afraid if i went back to sleep i wouldnʻt get up. HANS products are calling

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