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Orvis

01/12/11 3:40 PM

#63524 RE: 3xBuBu #63523

I liked Cree for sometime but have only scalped it. A friend of mine has been in it a long time and was recently concerned when it hit that major downdraft. However it has since almost recouped all of that loss. I've heard some things recently that make me cautious on cree.

Orvis
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Orvis

01/18/11 4:44 PM

#63730 RE: 3xBuBu #63523

3x,

I see Cree took the pipe. I was nervous about that stock but almost bought some calls on it last week.

Anyway loaded up today on more aapl calls on the pull back. also loaded more goog calls for thursday's earnings.sold nvda calls in which I had a monster gain and went to further out strikes on nvda. there was a downgrade today from outperform to perform in line.

bought calls today on vod, adm, nvda, std . have puts on aig and slw. sold puts on gdx & gld for breakeven. I am still looking at puts again on gdx which I want in case of a waterfall drop.

Orvis.