• SA Editor Rocco Pendola
    Taking a small gain (+200) and selling my position in RETS at $16.36. A rare day-trade in the $100,000 portfolio: http://seekingalpha.com/a/7d8x
    2/6/12
    Reply (7)
    • ChartProphet: Why the exit? Today's "inside day" or "harami" may signal a bottom, and on higher volume.
      2/6/12
    • SA Editor Rocco Pendola: I am still in TOTS. Just being prudent. Funny watching NFLX go down (on VZ news) then up (on AAPL TV news) and now down (on OUTR earnings).
      2/6/12
    • ChartProphet: Smart move. What's your long/short exposure as percent of portfolio?
      2/6/12
    • SA Editor Rocco Pendola: I would have to tally it to be exact, but between TOTS and NFLX puts, it's at about 50-50. I am short P puts, but that's bullish obviously.
      2/6/12
    • ChartProphet: I like your NFLX put strategy, going out to January 2014 at current levels. If NFLX gets close to bankruptcy (like we believe they may),
      2/6/12
    • ChartProphet: your 100k portfolio could turn to a 1mil portfolio
      2/6/12
    • SA Editor Rocco Pendola: True. And you've got to take advantage of the near-term, albeit irrational, strength. That's where I erred last year.
      2/6/12