Thursday, May 22, 2008

friday-d-day and long weekend coming up

tumultous week. my long positions not doing so well, especially HPQ, but otherwise i am ok. i bought a bunch of calls on MER (merrill) and NUE (steel). first time in a while that i am buying on valuation. Mer at 44 is damn cheap and NUE at 74 is insane cheap. if they don't bump up on Friday, i might hold them till next week. my Oil short on USO went very well. I might become an Oil day trader yet. NYMEX here i come !!!

going out for a couple of beers. tomorrow is my Dad's graduation from Executive MBA program. Shout out to my 60 year old Dad for putting in the 2 years of work.

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