EOD +$1048

Today ended pretty much how I thought it would.  Well, obviously BIDU didn’t finish over $400, but I only meant that if it did finish over $400, that would be a psychological thing.  Anyway, nice move by the Fed to only cut rates 25 points.  Thanks Bern, you helped my puts.

Selling FSLR seemed like a good thing, looking back now.  Glad I didn’t need hindsight for that.  I’ll look to get back into FSLR another time, but for now I’m happy being an observer.

There were a couple positions that I didn’t take advantage of that I should have, but that’s alright.  I’m alright not catching all the best moves, as long as I get some of them right.

FXP would have been pretty nice to have some calls in.  Remember FXP?  That’s the opposite of FXI (which dropped 5% today).  FXP ended up nearly 10% today, that turned some of the calls into pretty valuable positions.

AAPL ended the day down nicely.  I like the drop of only 3% (rounding up), it gives me the impression there’s more to go.  Want a chart?

aapl-20071211-eod.gif

Well, my day is over for trading.  I’m curious to see if Lindsey caught any of the market’s afternoon drop.

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Posted By: Michael

News Category: -Michael, AAPL, FSLR, FXI, FXP, Options

 

 

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