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Monday, August 9, 2010

Postion update

The ATVI "gamble" did not pay off, and I lost most of the pennies I put in there.
The NetFlix calls jumped up again and I closed those out at 1.10 per share adding to the gains made from the put side of the straddle.
NVDA continues to inch upwards.  But its not moving fast enough.  I'll watch it for a bit longer but may cash out if the stock doesn't move soon. 
F is still hovering in the same range.  Breakout should occur soon (to the top or bottom). 

Stock to watch - Genzyme (GENZ).  Genzyme has had a big run up on positive news.  Daily pattern looks like it is breaking down, but the weekly chart may just signal a pull back.  Watching this one closely.   It would be a big money maker if we can predict the correct direction.  If I had to guess, I would be bullishly biased and the stock appears to be starting the formation of a handle on a cup with handle formation.

Market Update - $INDU continues to act strong on lower volume.  Continue to watch to see how things develop.   

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