Trade Alert: Brains and muscle and my latest positions

We’re a team. I’m the brains, she’s the muscle. – David Addison (Moonlighting)

I sold 1/3 of my Apollo puts today too. I’m down to about 40% of the original number of puts I had in Apollo, but it remains my largest short simply because these have gone up so much in value. I’m literally selling these May $44 puts today for a 1000% gain — I paid 70-80 cents a pop for them and I’m slowly but surely getting filled up near $8 for them right now.

Here’s a list of my latest positions in approximate order from largest to smallest. You know the dealio — I give each stock a current rating from 1 to 10, 1 being “Get out of this position now!” and 10 being “Sell the farm, I’ve found a perfect investment” (there will never be a 10 rating, because there is no such thing as a perfect investment, of course). Anyway, here’s the list:

Longs –

• Google (7)
• Fusion-IO (8)
• Sandisk (8)
• Apple (8)
• Cisco (6)
• Seagate (7)
• F5 (7)
• Level 3 (7)
• Amazon (5)
• Autodesk (6)
• Nuance (5)
• Riverbed (6)
• DBA (6)

Shorts –

• Apollo (7)
• GLD (6)
• LPS (6)
• MBI (7)
• WDC (6)
• PNC (5)
• Live Nation (5)
• SLV (6)

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