Tuesday, September 21, 2010

current position- Sep 21

It has been some days since last blog. Kelly is just back from China and sticks to me like a tail. But i do keep trading these days.

Currently position I have:

1. HK Oct 18.00 P: bought at 2.57 Current : 2.97
2. FSYS Oct 26 C: bought at 7.8 Current: 10.20
3. ATHR Oct 26 P: bought at 1.2 current: 0.55
4. SNDK Oct 40 P: bought at 3.88, current: 5.1

Big Loser on ATHR, because it raised up 5% more today!

Recommended the ETF of EPI for intermediate term position on Sep 10, by that time the price is around 23.60. Today is 26.05. EPI is still good to hold and if price goes down, can buy more positions. My expectation for this stock is at least above 27.

Will follow up after the market close today.

Because of today's FOMC, it will swing up and down around 2pm and the market will try to pick the direction. Since the engine of the car started and ran so fast yesterday, the momentum will be there and it needs some days for the engine to slow down. Let s see if the pivot day will be 9/21 or not. S &P stands above 1130, the resistance point that tested 3-4 time previously, I am not quite sure how bear this market will be.. The up trend is there and VV is showing confirmed up signal since around Sep 10.

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