Date updated:09-25-2007
First time updating this in months, sorry if people had been checking it.
I'm experimenting with using various combinations of options and common on fewer different companies.
My target allocation is 50-50 options and common. That offers a balance of some stability and yet still high risk/reward exposure.

-
EMC
E M C Cp - $16.73
- -0.48%
- $16.70
This one has finally taken off. I'm long the stock at a cost basis of 19.14. I traded around the Sept 18's, closing them out for a smaller than expected gain on thursday of expirations week. I held the Oct 17's with a cost basis of 2.10, Recently selling half the position to cover most of my cost. I expect to sell the rest of them off if the stock trades above 21. I am also holding the Jan 19s with a cost basis of 1.72. I expect these to be held for several months, as I will effectively have them for free after the gains recorded from the Oct calls. The significant support at 20 should protect these from loosing all their value should something bad happen to the company.

-
GLS
Genesis Lease Lim - $8.75
- 0.00%
- $N/A
I had been a fan of this company, and when I saw it was trading below 22, I took the opportunity to get a full position relatively quickly. Cost basis of 21.9, This one quickly rose above my basis, and I plan on holding this one for a core stability position. The 8% yield is very attractive, especially with the fed cutting rates.

-
LMC
Lmc - $0.00
- N/A
- $N/A
Zinc play in a world of rising commodity prices. I've been in and out of this stock over the last several months. I made my first buy as it was rising quickly, and it's now above my cost basis of 12.35. I look to make the next buy if it trades back under 12.

-
LULU
Lululemon Athleti - $25.88
- 0.00%
- $N/A
This Yoga apparel play sat quietly for a few weeks allowing me to accumulate shares around 34.74. Then after their great quarter, and another segment on MadMoney, this one rocketed up to 40. I expect this stock to be one of the highest growth companies out there and I'm glad to have a full position on the books. Since I expect significant upside for this one, I won't be trimming shares until it starts to cross the 50$ mark. This is a streach of discipline for me, but again, I'm expecting great things from this stock.

-
RHT
Red Hat Inc - $27.59
- 0.00%
- $N/A
Following Steve Smith's move in the options alerts portfolio, I picked up some Oct 20 calls for a quick play on their quarter reported 9/25. I was able to get a cost basis of .88 for the calls, and expect to sell at least 2/3rds of them on 9/26. I'm listening to a very bullish conference call as I type this. They remarked that they are certified for security and other uses with the Russian Government as well as other governments around the world. I won't turn this trade into an investment, but that should position them for future growth.

-
RIG
Transocean Ltd - $85.40
- -0.50%
- $84.65
I've owned this one before, and really like this company. Very well positioned in this market for increasing oil, I decided I needed to add some exposure as Oil looks to be heading above 80 again soon. OCT 115 calls are slightly out of the money. But, I think this stock can easily trade above, or at least near that mark. I won't press this one for a large gain, and will look to protect my profits if it gets over a 50% gain.
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A. West Coast...Not that late
G'nite
A. The only one I own : SLX,
too hard pick a winner out all of them
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