TGIF

Just some updates on my current positions. I closed out of CRS at 18.30 for a 6% loss. I remain short in LNCR as my only remaining short position. As for my longs, they are performing nicely in the early part of the day. BTU is up about $1.20 per share, and has broken out of the ascending triangle. At the end of the day if BTU remains above the breakout point, I will add to my position and raise my stop. As for KALU, the stock is up but on light volume. It cant quite seem to hold above resistance, which i place about about 27.50. Perhaps as the day wears on it will see some more bullish action, but as of right now I am a little skeptical. Also, keep in mind the covered call article I wrote the other day. This stock may be a prime candidate for repeating this. I will however probably hold off until monday to see how stimulus package news affects the general market. At this point in the package's life, its not IF it will pass, but WHEN, and with what details. I am eager to see how the market will react once all the details are finallized. After all, its not the news that matters, but the market's reaction to that news that makes or loses money for the trader.