Tuesday, January 22, 2008

ANAD - One Day Completion of 5 Days Expected

ANAD completed what appears to be a brief corrective phase early this morning and then resumed its rally.

The model continues to call for sharply higher prices for the stock.

Being as busy as I was this morning with the market action actually ended up being a blessing in disguise as I was unable to do anything with both the option positions and the stock.

The stock is up 16% from our purchase and the volatility today really helped out the call options.

If we get a strong rally day tomorrow I will be taking half the position off the table with a tidy profit and let the other half ride. Of course even though we let the other half ride, we still need to manage the trade as though it was whole.

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