As unfortunate as the market is directional wise. My sticking to my guns (wishing i added more) on puts has surprised me again. My lowly acct has doubled in a matter of 4 days. And i only performed 2 trades. Sold a chunk of VISN & bought MSFT put... and earnings has even gotten here yet. That is where i thought the DOW would near 8500. Never would i thought to have seen this coming.
So, i was surprised to find that not doing anything has doubled my portfolio. It is scary to figure out how much lower this market is going to go down. Because no firm bottom has been reached. I think a bounce back of course is in order tomorrow. But what a surprise to see how much panic is on the Street.
Specific stocks i have kept my eye on...
FXI (puts) China has spent so much on their infrastructure and the Olympics. They have inflation problems. My old puts are on fire for now. I think it would be prudent to sell this thing off prior to Nov 4 election.
AAPL (watch) has held steady. Altho it is probably a day-traders dream (and nightmare). They have MacBook buzz coming around and a some numbers on iPhone that will blow everyone away
RIMM (watch) held steady, but quality issues are turning up with their new Blackberry Storm, bad time to mess up
MSFT (puts) has already picked a direction from its last earnings. Things arent getting any better.
RHT (puts) is back down again. Fundamentals stink. Redistribution of Linux hasnt guaranteed $. Vista has actually pushed Windows-based coorporations into companies like Red Hat. So, we shall see what MSFT says about the matter.
AUY (stock)what a waste. i should have sold this thing and held it to cash to participate in more puts.
VISN (2 shares ha!) so much for a solid future, Asia has joined the U.S. crisis.
And so as it goes... i got to do nothing related to making money today (its all about being out in 'field'), and i still made money. cool deal. and to top it off someone treated my wife and i to lunch yesterday and today...