The stock market is starting to see some profit taking. Investors are selling the news and trying to lock in gains after this strong pre-earnings run up. This "selling the news" reaction could be a trend this entire reporting season. I hope readers took my suggestion a week ago to take some money off the table. It looks like we're back to watching for a correction.
I am suggesting that investors take profits by selling at least half on our GHM and MTW plays.
Last Friday was option expiration for 2010 January options including LEAPS. Our plays on FSLR and PBR have been closed.
Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.
--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.
Red symbol/name represents a dropped play this week.
Jim's portfolio and updates has been included in the normal play updates section.