Hello Judy,
Oh, I am still around.
Placed limit orders for NE on Tue at 23.875, 22.25 and 21.25; was filled at 23.875 only. Sold next day (or yesterday?) at 27.625.
Wish they would put in a bottom that would last more than 15 minutes!!
I still have some misc. driller holdings from last fall that I did not sell; sold calls against most of them in Jan. Have picked up some NSS (pipe guys) at 15 and 13.5 recently.
In general, drillers have been too volatile and risky, especially given market levels. Maybe funds will simply continue to rotate with no sizable drop in indices, but I am not betting alot on that.
Past six weeks, have enjoyed riding techs off their lows (KLIC, KLAC, CYMI, UTR, BMC, EFII, etc., etc.). Money seems to be now rotating out of techs.
By the way, you made a great call several months back - calling the tech bottom. Hope things are going well for you.
Do you ever play on the short side? besides selling covered calls?
Mike |
