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Thursday, October 14, 2010

Updates

Market pulling back as expected.

FSLR up sharply on higher volume.  We have already done twice the normal daily volume.  It is currently off its high of 145.  If the market recovers a bit, the stock should continue to perform.

RIG is also up at the moment (and so is YUM).  Maybe I pulled out of YUM a bit early.

Update:  Just checked on my positions and looks like my sell order on RIG calls executed and sold at 2.50 per contract.  That is a $1.02 profit on a 1.48 contract over 2 days.  59% return over 2 days.  Not too bad.  RIG has now reached a 50% retraction point from the pullback.  Can it keep going or will it falter here?  Watch closely.  I am still long the stock in RIG.

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