Out of cyclical and high beta names

Sold remainder of VMW, UNP and SU positions for -45% ($29), +12% ($6), and -13% ($5) respectively.

I am Worried about another deflationary bout this fall, and these positions would fall much more rapidly than other, less sensitive names.

Liquidating some market longs

VMW, MSFT get the axe from the trading account.

VMW was a $2 winner, MSFT a $2 loser. I am even on the trades, and a little bit up when considering options.

Closed some "other picks"

3.02 on 11-26-08 to 7.69 on 4-28-2009: SLW 154%
5.49 on 11-26-08 to 7.90 on 4-28-2009: AUY 44%
17.27 on 1-4-09 to 19.88 on 4-28-2009: CHK 15%
18.99 on 11-26-08 to 25.88 on 4-28-2009: VMW 36%
63.12 on 1-4-09 to 74.44 on 4-28-2009: DO 18%

I still have many of these in my real accounts, but I just thought it was time to take "paper" off the table.

PARABOLIC

It's not often I skip for joy, but the move in VMW has simply been parabolic. As you can see, this move today has busted its 200 day MA, as well.

Very bullish, but the move is not sustainable at this rate of change. I am taking a full lot off (100) and writing options on the rest (35 strike).

Added to my VMW position

200 @ 24.57