Friday, February 15, 2008

Looks Like We're Going Down Again

This would be wave 3 of 5 in my Elliott Wave count. It arrived a couple of days earlier than I expected. I sold NNDS, BWLD, and RICK (NNDS and BWLD for gains and RICK at a loss). I also sold short LAZ. My US portfolio now consists of the following:

AAPL
BRK.B
BTF
FF
FLIP.OB
HCBK
HSGFX
LAZ (short)
LTR
LUK
NCT
PSPT
SAFT
TFSMX

I didn't feel confident enough to add more short positions into options expiry on Friday, which I had thought would be a positive event for stocks due to the number of outstanding puts.

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