Robert Weinstein's blog
Monday wasn't the biggest day trading for me. Computer issues stood in my way for much of the day. First I had a scanning issue with documents over the July 2009 fraud hit I took, then my email provider went down (again and for the last time as I moved frist to outlook online by Microsoft, then to gmail apps from Google).
Last week I signed the paperwork to write stock analysis articles for TheStreet.com and this week my first article hit the wire. I have to say it is pretty exciting to be working with the high quality talent making up the organization. I will do my best to keep up with them. Rocco Pendola writes for TheStreet as well and he as expected has simply been tearing it up.
Today went well for me in my trading. I wasn't very active but I did close out the VXX puts I wrote a couple of weeks ago. I timed it out well buying back near the low of the day in price. The gain was $1.15 and after watching the VXX fall in price into the close i believe I would have ended up with only about $0.70ish had I held.
Alcoa Inc. (AA) reported today after the close saying investors from what would have otherwise been a down day. Alcoa still ends the after hours trading in single digits, but at least Alcoa shareholders are not staring directly into the eyes of a sub $9 stock...for now. Alcoa beat beat and beat according to Baletwine in the chat room.