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Portfolio Update (Part 1)

|Includes:LDK Solar Co., Ltd. (LDK), S, SPWR, SUNEQ

After the recent run up in SunPower and MEMC shares, my CALL options in both these stocks have become fat and juicy and it is time for me to take profits for now...I will therefore be liquidating my positions in both today...

Also, I am eyeing call options in LDK solar and may use some of the funds to take a relatively small position in the June $1.50 CALLS...Technically the stock looks ready to make a push up...Since I am not enamored by the company's fundamentals, I will not make a big bet...However, since the technicals are so compelling, I will therefore allocate 10% of the portfolio's value in LDK...

The markets are about to open for the day...will return with the final update later today...

kp

DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

Disclosure: I am long FSLR, LDK, S, SPWR, WFR.

Stocks: LDK, S, SPWR, SUNEQ