26k shares leveraged! SNDK, QCOM, TASR, RIMM, with DNA a double bagger already, AMR hits target of 14, GE earnings play (new position calls after a huge gain on DNA), We will definitely hold some position of call and/or puts THROUGH earnings so as not to miss an SCHN/APOL type gain. Folks loved SCHN, but no one held through the report except us!! (not a lot but a little went a very long way)
We are not getting in too late or too early but already long in "anticipatory upswing" at least 6 earnings plays (ESIO the latest and INTC the volatile one so we started small) The earnings plays have locked in profits in the past 5-6 sessions. SNDK (controlling 4k shares with 1 k long with a hard stop = 5k shares) QCOM (controlling 4k shares no long.) ESIO (2k and long) DNA (3k) RIMM (4k) TASR (2k) and GE (5k) were the best and 80% of them all. To buy this many shares you'd be in a very stressful situation but with options they are very reasonably priced and all April expiration.
IBM (1k) and INTC (1k leveraged) are not that good yet but we are expecting some more upside. At this point SMH and or the 42.50 calls in play and NFLX (1k) has begun. Folks that are waiting for earnings plays in the next few weeks should be 'on board' already now and even locking in the first batch of gains. Long and Strong and swinging (even short in building sector) We don't wait for some "x" time in the future to begin our "anticipatory upswing" we've already begun on March 24, 2004. Shorts are basically "pauses that refresh) (i.e. TASR puts today already called on Friday) and the building sector with some BAC short or puts that might or might not be over by 10:00 tomorrow. One focus and the same plays for everyone, we don't scatter around with scores of plays although we did miss a few today because of lack of confidence in the $5 to $7 category which we will change with a small list of the babies from now on through end of April