Friday, April 20, 2007

Earnings driven rally

I am a bit surprised by the strength into today's close. Some of the stocks in the news that I find interesting include GOOG, MHK, CAT, CAL.

My CHRW and GDX get called away today. CHRW for a breakeven loss, GDX for a breakeven gain. My roll down on GDX calls was within an hour of the low. That call buyer about tripled his money.

The leaves me with long positions in BA, FLR and a hedged position in C.

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