April 6, 2011

Changes in Portfolio

Some of my recent picks were listed here.
Closed out of BMY after holding through ex-div date and moderate profit. Reason: feel jittery about company's overall accounting risk wrt employee turnover and uncertainly on plavix. Might initiate a small option position (long call) to follow the company with lower risk.

CLDX: closed out of Apr $4 calls as well as a short term stock trade for 5% profit (held 2 days). However since CLDX seems to be holding well at the 200 day average of 4.25, I rentered into CLDX in a long position by buying Aug $5 calls.

Reduced holdings in DUSA to make cash for some other moves. However, maybe it was nt a smart play as DUSA climbs relentlessly!

Closed out of SUPG stock

No comments:

Post a Comment

Your comments and opinions here!

Join the Discussion