Wednesday, January 9, 2008

January 9th After Market Close

Hope you're all doing well. As mentioned for several days, a test of 12,500 was in the cards and happened today. With the volatility out there, it has been a spectacular week of trading. I purchased AAPL 200 calls for 46 cents this morning and saw them close at 1.05. Also placed a number of trades in AAPL, BIDU, FSLR, ICE, MA for a good profit. At this point, I don't have much to say about the next couple of days so I'll probably be mainly sidelined until I see something developing. Traders should trade when they at least have some kind of a forecast for the markets. When the market hits your targets, its time to step back. Holding on to my AAPL 200 call options for MacWorld next week. See you tomorrow

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