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Thursday, February 24, 2011

quick note...

Cause I am starving, and was doing nothing but running around in the AM. (Fires to put out)

1. I repositioned IBM call to the 160 July strike. The re-position effectively increases my exposure, as IBM declined below 160.

2. Decided to sell into PBR today. I still think it is undervalued based on its assets, but it is very overbought. And the current trading is predicated on Libya. Once a consolidation takes place, regardless of where the price is, I will re-enter a position.

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