Thursday, April 15, 2010

Quick Update

My Apple (AAPL) bear spread will be worth zero after tomorrow's expiration... so I'm chalking up a small loss on that.

Today: Sold 4.8% of the Wet Seal (WTSLA) position at $5.05. Used the proceeds to purchase more Cameco (CCJ) at $26.86. This roughly doubles the position size in CCJ, which now has an average cost basis of $27.47.

Still holding a crap ton of the Seal, so don't take this portfolio adjustment the wrong way.

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