Well, I'm afraid my prediction of rotation from techs to the Dow is looking pretty good right now. I moved some cash into Dow-type funds the other day, which in hindsight is a good move.
Too bad I didn't follow my own advice on the techs and cash in, I tried to get too fancy buying the dip, and was too early. I accumulated CSCO, EMC, and MSFT calls and leaps, but could have gotten them much cheaper if I had waited a day or two. Oh well, they are good solid long term holds.
Today I took a bath on the JDSU leaps I bought the other day by closing them and buying common. Not the wisest move when the stock is down, but these JDSU calls were way too expensive, and still are, and I have to think that their premium will continue coming down much faster than the stock. So at least with the common I remain invested in the company.
Only thing I haven't touched lately are my GMST May and August calls, I just think the story there is too compelling and that stock is bound to break out before too long. It was in the process, then this correction came. |
