Closing "Other Picks"

I'll put my money where my mouth is. But wow, these picks did great:

Other Picks
• Bought AA @ $10.48 [11-26-08]
o Closed AA @ 13.34 [3-3-10]
o $2.86 profit/share; 27.3% ROI
• Bought DBA @ $24.80 [11-26-08]
o Closed DBA @ 25.11 [3-3-10]
o $0.31 profit/share; 1.2% ROI
• Bought KO @ $45.90 [1-6-09]
o Sold KO @ 53.9 [3-3-10]
o $8 profit/share; 17.4% ROI
• MSFT @ $20.49 [11-26-08]
o Sold MSFT @ 28.46 [3-3-10]
o $7.97 profit/share; 38.9% ROI
• PFE @ $16.07 [11-26-08]
o Sold PFE @ 17.32 [3-3-10]
o $1.25 profit/share; 7.8% ROI
• VLO @ $23.24 [1-4-09]
o Sold VLO @ 18.63 [3-3-10]
o $4.61 LOSS/share; 19.8% LOSS
• YHOO @ $10.58 [11-26-08]
o Sold YHOO @ 15.57 [3-3-10]
o $4.99 profit/share; 47.2% ROI

17.14% Average ROI

Alcoa Top, Procter Toppy

Selling Alcoa (AA) at almost $15 for a 64% gain, and Procter & Gamble (PG) at $57.53 for a 14% gain.

I'll buy these back at lower levels.

More positioning

Taking a more bearish tone.

Sold VLO for a 40% loss. ouch. I'll get this one back in the low teens.
Sold AA for a 20% profit.
Sold GDX for a nasty 25% loss after the put options I wrote last month got exercised.
Lightened up on AUY/UNG a bit.
Short SSO.

My spec account is now "hedged".

Out of SLW and AA.. 255% on SLW!

Sold AA at $8.52 (cost was $5.42) (this got called away from me at that price)

Sold SLW at $8.65 (cost was $3.4) (It closed right below my call strike, but I sold it anyway)

255% gain on Silver Wheaton in just a few months and it was a pretty large position. I'm pretty proud of that one.

This is probably my biggest gain in a stock (not an option) in my trading career... it is hard to let something run this far without taking profits, but I am glad I was able to do it. This is the reason I didn't hold onto the stock even though I could have (since we closed below $7.50), I believe I have gotten enough out of this one...

Joined Dawgs in AA (Alcoa) at $5.48

It looks like it is going to trade a new record level of volume. I believe today is the panic capitulation for Alcoa.

More than 3 times normal volume... Just broke the all time volume record for AA.

Long and strong at $5.48.

Also got filled on a small position in UYG ($2.25 limit order I threw out there pre-market)

I am prepared to add to my AA trade if it retests $5, I only bought half the amount I wanted to buy. If it breaks much under $5 I will sell it but I have no hard stop entered.