Tuesday, April 7, 2009

ENER AMSC CNX ANR

Scale into your positions as the market goes down. I want to stay way out of the money because of earnings season and a possible downturn to SPX 790-800.

ENER - Still could see a pullback today into tomorrow.

AMSC - Waiting for a pullback to low $17's.

CNX - SOLD TO OPEN MAY 20 PUTS (CNXQD) - $.85 1/2 position. Already have a naked put in another coal company (ANR).

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