Robert Weinstein's  Instablog

Robert Weinstein
Send Message
Follow me on!/RobertWeinstein Let's connect on Linkedin Contributor to Rocco Pendola's weekly Options Investing newsletter for $29.99/month: Robert... More
My company:
My blog:
Robert Weinstein Trading Blog
  • Trading results 1/4/11 1 comment
    Jan 4, 2011 4:39 PM

    MCP gapped higher today and the only good thing about it is it opened at the high and was unable to trade above it.

    I traded MCP for much of the day and I ended the day with a small gain in the stock and a small loss in the options. I remain short MCP calls and long only 100 shares which I may liquidate in afterhours as I think MCP retraces tomorrow. I had a few close ones with offers just a few cents above the high of two symbols but nothing was lifted.
    Still long COCO and looking to add to it in my main trading account but I am also currently looking at moving to a new broker so I am holding out to see what happens there.

    MCP + 226
    MCP Jan55c – 624

    - 398

Back To Robert Weinstein's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • CKachi
    , contributor
    Comments (49) | Send Message
    Robert - Agreed with your view on MCP... it's a tempting play, but I think I will sit on the sidelines on it's action.


    It'll come down faster than it went up. No earnings or revenue and a ton of hype!


    Good insight! Thanks


    *GMO serves a similar fate!
    4 Jan 2011, 09:46 PM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
  1. Trading results 1/4/11 ( Comments)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.