by Arnold Joe
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Shorting opportunities:
I’ve been looking for more shorting opportunities for a while but still haven’t found a really good candidate. Casinos, retail stores and restaurants is where I have been focusing my attention because as the recession in the US worsens, these sectors should get hammered. The problem with shorting these sectors is that the stocks […]
Stock portfolio change:
I re-established my short position on Toll Brothers Inc (N-TOL; home builder) after the stock had a little rally by buying more put options. The June $22.50 puts cost $2.25. My preference is to have shorted a stock that was more dependent upon discretionary spending such as a restaurant or casino, […]
Stock portfolio change
I sold my Toll Brothers (N-TOL; homebuilder) $30 puts for $10.20 (purchase price was $9.70 for a 5% return) and replaced them with Toll Brother $22.50 puts for $3.00. Selling the more expensive puts allowed me to take $7.20 of cash out of the market so instead of risking $10.20, my risk […]
