February 10, 2011

Well, I haven't posted in a while because I've been repositioning my portfolio. I'm really disappointed with myself because I sold LULU after holding it for 2 months. As so often happens, after I sold it at around $69 hoping to get back in at around $66, it broke out for a 20% gain over the next two weeks. Unbelievable. I'm an idiot. I'm waiting for it to come back to earth so I can get back in. Looking back, when I sold on Jan. 28, it was an awful day in the market and I was sure we were headed for a correction. I was wrong.

Anyways, I thought I'd update my positions as well as the scoreboard.

Ryan's Roth IRA

Cummins $CMI bought on 2/10/11 at $111.27.


Sam Adams $SAM bought on 2/10/11 at $91.72.


Royal Dutch Shell $RDS.A: -1.94% Shares bought on 2/7/11 at $70.17 now trading at $68.93.



CSX Railroad $CSX: 2.65% Shares bought on 2/4/11 at $69.62 now trading at $71.62.


My long term option plays are killing me right now. That's why I'm getting my butt kicked by the S&P right now. My January 2012 calls are on the following:

AIG $45 strike bought at $4.53 now at $4.00
F $17.50 strike bought at $1.94 now at $1.56.
C $5 strike bought at $0.56 now at $0.52.

10% Fund

Apache Corp $APA: -2.32% Shares bought on 2/2/11 at $120.96 now trading at $118.34


Jody's Roth IRA

New York Bank $NYB: .78% Shares bought 1/31/11 at $18.34 now trading at $18.53.

The scoreboard after yesterday reads:

Jody's Roth IRA 5.64%
Ryan's Roth IRA -3.81%
10% Fund -8.48%
S&P 5.03%