Good Thursday to all. As I commented in yesterday’s post, I will be traveling today and attending a conference with Fifth Third Bank this evening and tomorrow. Therefore, I will be out of the office today and most of tomorrow. 
So, we have a few positions, and I am going to tell you how I am going to set things up for the positions while I’m away.
Check out the VIX!!!
Positions:
SOLF – We have sold 3/4 of this position at 4.5% and 6.4% gains. We are holding this one through the week and into Monday. Unless this position hits a crazy 20% gain or something, I think that holding this through until Monday will add even more to our gains; however, I wanted to lock in some gains before that happened.
CLD – The company reports earnings this afternoon after hours. We have sold 1/2 the position for a 4% gain, but we lost all gains yesterday. The stock is up just slightly for us currently. I am setting a sale for another 1/4 of the position for a 3% gain at 18.21. If that is not hit, then I will be holding the other 1/2 through earnings. ACI and BTU’s earnings were much too great to pass up this as an earnings play to some extent.
GMCR – We opened a short sale on this at 34.25. We have a cover order in at 33.57 and a stop buy order in at 3% on top of 34.25 at 35.27. We will either gain 2%, get stopped out, or hold into Friday.
I will try to make myself available at some points during the day to respond to questions, but I cannot promise anything.
Good Investing,
David Ristau
