Monday, April 03, 2006

Quick Update

Sold Suntech Power Holdings (STP) at 36.33.

*Edit: Sold Apple (AAPL) April 67.50 Call options (QAADU) at 1.30. Also, looks like Shinhan Financial Group (SHG) is running away. I'm not going to chase. I was looking for an entry, and it did not materialize. It remains on my watch.

*Edit 2: Executed a buy-write on SanDisk (SNDK). Buy shares at 55.72. Sell April 57.50 Call options (SWFDY) at 2.45. Goldman downgrade today based on pricing pressure is what is causing most of today's selling.

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