Wednesday, May 17, 2006

A DOWN DAY FOR THE MARKET, BUT NOT FOR ME

ACCOUNT VALUE: $5,420.61

I
went ahead and closed out some of my winning positions to lock in some gains. I sold off two puts. So I'm going to have to re-deploy some of my cash, but I'll do some of the research over the weekend to see what positions I want to enter into.

It looks like my position in HELX is going to expire completely worthless so I'm out $900. That is a major bummer, because that would put my account over the $6000 mark if I could even just break even. But it looks like that won't happen. I've got a sell order in. If I can even sell it for $100 I'll take the money and be grateful. Oh well. I've got a history of bad bad timing with that particular security.

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