AMD AND XAL UPDATE - 1/16/08

The action in AMD was just what was needed to keep the model on track.
If you recall we needed a very sharp rally day either yesterday or today and we got
it today.

This keeps AMD on course for another 10-12% before a meaningful correction.
The April 7.00 calls closed at 1.01. Our cost basis is .53 so we almost have a double.
Feel free to move your stop up on the options to protect some of your profits.

The airline index continues to buck the trend of the general market and the probability model calls for another 5 days straight of higher prices for this index.
Currently we are sitting on a 60% gain on the call options so if you want to lock in half of that gain you can as I don't see the options giving up that much real estate even intra-day.