Thursday, June 7, 2007

Novastar (NFI)

I've locked in some nice profits on NFI. I don't like the broad market condition at this moment... time take some long profits off the table and watch what happens. S&P 1500 battle going on right now. I would be surprised if it fell this quickly, but discipline approach when good sized profits on the table can't be bad. I am also long on some SPY puts, but ready to jump out of those if we start to get a bounce off of 1500.

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