Small Time Trading

[benchman]

Account value down over $1,800 today. The loss was due to UA and ESV.

To start the day I sold another quarter of my calls at .55. Those calls closed at .43 on Friday, so I started off the day nicely with a 12 cent gain on my calls. UA was around $11.52 when I sold those. With that sale I still have half my original position. Then UA just tanked big for no reason, and closed down .42 to $10.95. My calls are the $11 strike calls, so closing below $11 is significant. The calls themselves closed at .22, down .21 on the day. Not good.

ESV also had a terrible day, down .35 to $5.90. Oil was flat, and the market was green. However, all the other drillers I followed were also down.

On the bright side I bought TMPS at .245 and .25, and it closed at .265. Most of my shares were bought at .245. HOD was .29. Resistance is in the .30-.31 area. News is expected Wednesday.

ADOM was up .09 to $4.21. They released earnings today. It did not seem to have an impact. ADOM has an investor conference tomorrow.

SLDC was up .0015 to .0115.

MAAFF was unchanged with no volume.