Wednesday, July 2, 2008

modified positions 7 - 2

Pretty exciting morning:

had to adjsut ANR into a call spread b/c it was dropping ( IS dropping ) like a rock. guaranteed to not loose more than 50 bucks, but man from +1000 on this trade to only + 185 is tough. Talk about getting burned by being greedy :(

I also adjusted VMW with another spread - the "iron jeremy" upped my profit potential, and lowered my risk. i also made it a window for the profits though, but alas this is the nature of the iron jeremy.

Sold COL on 2.50 gain today. it broke it's trendline and wasn't moving in the direction it was supposed to yesterday, so it's behavior will be / is erratic. taking profits as they come right?

Sold CHK on the rip up, I might get back in but i wanted to avoid another ANR - watch as it tanks affair :(

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