Wednesday, March 20, 2013

Trading 3/20/2013

Before market open-Entered a sell order for DEXO at $3.64 bc the stock may easily hit that number and I will take a 10% gain on holding a stock overnight any chance I get. Still holding CRAY long term, holding my $VIX protection with a 20% down stop loss just in case the market continues to hit new highs. Any big down day would make this trade profitable and I would probably sell. Long Jan 2015 $500 AAPL leap, it will be up at market open, overall AAPL has very limited downside, they can only mess up with bad earnings or failure to innovate. Both of these scenarios are unlikely although an earnings miss is not out of the question. TTS keeps moving higher and I am considering buying some to hold long term in my Roth IRA. Update as I trade through the day.--------------------Got long TTS at $21.23, housing renovation recovery will be great for this growth stock. Market Cap is still under $1 billion and growth into nationwide expansion is just starting so this is what I like, a company with minimal downside and a ton of upside. This is a great risk/reward ratio, I would say $5 downside to $20 upside this year. Buy it and if you are worried put a $19 stop loss on the trade. Bought another Jan 2015 $500 AAPL leap, Samsung is now littering the market with news, this is frightening everyone, but AAPL has always kept product innovation secret until it is ready to present something incredible to the consumer. Investors are fearful that AAPL is dumbfounded and that the company has little to offer in the future. Unlikely------------------Had to sell DEXO at $2.29, lost money on the trade, still long term bullish and will keep an eye on the stock. Got long MODN at $20.03, looking for a pop as institutional investors take positions in the stock.

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