Thursday, August 4, 2011

Sold PHYS, UPL, BPI, FNF, HNR, EPM

Well, that was bracing.

Every one of my stop-loss orders triggered today.

Sold PHYS @ $14.09
Sold UPL @ $43.61
Sold FNF @ $15.50
Sold HNR @ $12.00
Sold EPM @ $7.03
Also sold BPI @ $22.09 (not a stop-loss order--it was up on the day due to news and I booked my profits while I had 'em).

My portfolio is almost exactly 70% cash now.

On the plus side, my old August $81 IWM puts, which were showing a 50% loss as late as yesterday, are now in the money with a 40% gain.