Close: MSFT BLPS and BCLS ROI:+9.5%

I’m closing out all my positions in MSFT during our current Nazz rally.  RIMM, AAPL, et al. are pulling up most big cap techs and this rally comes after MSFT’s earnings miss last week which sent the stock down into the 16’s and made my position down 40%.   In normal bull markets I would be more inclined to leave some or all of the position on to collect max profits but this market can turn on you in 5 minutes so the reward isn’t worth the risk right now.

I’ll capture a small profit so given that last week I thought I was in for a loss, I’ll take what I can get.  Again, this kind of prevent action is part of my new tightening of my money management rules.

Close: Feb 20/15 BCLS  3.35 credit

Close: Feb 17/18 BLPS .23 debit

This entry was posted on Wednesday, February 4th, 2009 at 6:01 pm and is filed under Trades. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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