boonahhh...

this is the face of shock and awe

how many times does he say fu#&?

option exp. exercise

manipulation at its best:

time price jan600put
3:00 600 0.7
3:10 602.7 0.3
3:17 602.89 0.2
3:23 601.04 0.4
3:30 600.57 0.45
3:44 600.36 0.25
3:49 601.2 0.05
3:52 600.91 0.05

prev. close was 600.79 and range today is 598 to 609.99
opened at 606.80


so we learn that stock closes at prev. close price on exp.
there is opportunity to profit, but respect the manipulators.

short-term gold top?

articles like this make me think so.

http://billingsgazette.net/articles/2008/01/16/news/local/18-goldrush.txt

hiatus

after a brief sabatical, here are my q1/q2 plays:

ctsh- cognizant tech.- $26.67 as of close today with a $35 target within 6 months.
ntri- nutrisystems- $24.44 as of close today with a $32 target within 6 months.

establish a 10% position in each via stock and options.

2008

Top Ten Rules Broken from 2007 vs.

Top Ten Rules for 2008

1) Take Profit

Options that expire worthless hurt. I will profit take weekly.

2) No bulk buying close to expiration.

3) Short companies over a three month spread.

4) Average smaller trades vs. trying to hit a homer each time.

5) Avoid Google and RIMM

6) Be Patient.

7) Short GG and Gold at 900.

8) Short C

9) Be Patient.

10) Invest 1K a month in Options.