Out of Town

Leaving today for a short trip. Be back the middle of next week.

Good Luck.

Cleaning House (kinda)

The day started with me planning to close almost all of my trades, leaving just the few recent ones and only the really good old ones. As the day went on more and more of the positions looked really good so I kept most of them. Hope I won’t regret that.

The rising market floated alot of boats and gave me the opportunity to get out of a few dogs at better prices than deserved so I did clear those out. Some on limit orders at my entryprice. If not for the mania today that would not have happened so starting the day with house cleaning in mind turned out to be a good idea.

Closed:

ABI (+6%) kept the puts for some reason

CWTR (+44%)

CECO (-1.2%)

NOC (zero)

FD (zero)

T (-.03%)

PVH (+3%)

XEL (Full stop out for -2%)

HOLX (-$8)

DLR (+2.5%)

BDN (+2.2%)

HS (-.08%)

Update:

PLCE

SOV

NTAP

PXP

RDN

ASH

Of Interest:

ALK

41/11.7%

Off Subject

In preparing for a trip we are taking soon I decide to check the air pressure in the RV. Then I figured it was a good time to check all the tires on all the vehicles. Happily enough on all of them there was a little tag on the drivers door telling you what the air pressure is suppose to be. When it was time for the Mitsubishi SUV I found a very fancy label giving a number of choices depending on what you were planning to use the vehicle for. Things like carry less than 5 people, pull a trailer, have a full load and then there was this very interesting one…………………..there was a different suggested air pressure if you planned to carry 5 passengers AND exceed 100 mph!

I asked my wife what she thought. She said as little as we do that, we could probably get away with the standard air pressure. I tried to remember the last time I had 5 people in any car and drove 100 mph. I have done it, but I don’t think I have ever done it with 5 people so I decided she was right. That being the case I filled the tires to 29 PSI instead of 30 PSI.

I will just have to keep a close eye on the speedometer next time I have a crowd in the car.

Not Much of A Day

Closed STEC (+15.9%)

APG and USG showed some weakness and the puts moved a hair. MOT weakened but the calls were stronger than expected. Gas hit my 53 target and then fell back a bit. Maybe short term top. I hope real short term.

I may cash in everything tomorrow and start fresh. I have very good profits on the table and it might be a good time to start over.

Of Interest:

NTAP PXP ASH PLCE

Monday 4/23

Started being a little more picky today. For one I am loaded up, second I am interested in seeing how this all plays out. I want a little less room between me and the last dip low.

In Today:

Type 1: BDN KMX

Closed Today:

QCOM (+2.15%)

New Format

Trying to make this easy.

In Today:

Type 1: ROH

Type 2: PCP DLR HOLX NBL NU PVH SKS XTO

Closed Today:

None

36/7.7%

A Few More

IGT ROH

Luck Is Nice

It is always fun to have a trade work as well as the GAS April 50 calls trade did. The open this morning made me feel great about grabbing the top yesterday……………. Next!

Took the AGP Jun 30 puts today (couldn’t help myself )

Adds:

1. NTY (R)

2. NU (L)

3. XEL (L)

Updates:

1. ANN cancel

2. RIG cancel

Busy Day

Closed the GAS 50 calls for a 975% return. Would be nice if that was the average trade. Lifted the CWTR Jun 17.5 puts….. the stock is doing well so cashing in the protective puts. MOT is beginning to move so the calls are looking better….up about 40% EOD. Closed VMC when it broke the current low.

Adds:

1. DKS wait (L)

2. HC wait (R,L)

3. HOLX wait (R)

4. HSIC wait (R,L)

5. NBL wait (L)

6. XTO wait (L)

Updates:

1. HSY @ 54.71

2. MW cancel

3. VMC out @ 113.52

Had Fun Today

It was fun watching GAS break to new highs (calls now up 825%) and BMC finally had the spurt up I have been waiting for. Days are always more fun when it looks like you might be right.

Adds:

1. ANN ….. wait (looks boring)

2. RIG ….. wait

Updates:

1. BMC @ 31.27