Still not doing much. I sold off my (BCRX) postion in two parts today. Half at 11.23 and the other half after it failed to push higher and a short call based on valuation came out over the wires....exit at 10.95. In the early pre-market it hit 12.40, but my trading platform does not allow me to trade until 8 am ET and by the time it rolled around the stock rolled came in to 10.60 or so.
I'm still trying to lighten up my long exposure and and not tsking on my risk. So I find myself waiting and watching. I watched but did not partake in a nice rip by (YRCW)from 3.40 breakout to 4.10 cross.
Tuesday, October 27, 2009
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