Out of Intel

I've closed my Intel (INTC) short position. It's marginally unprofitable, but could have been a awesome trade. Now the chart indicates INTC wants to move higher.




I was pretty much quiet for the entire week, as I had violated one of my rules and gone more than 90% into positions (less than 10% cash), whereas my goal was to maintain atleast 10% in cash. The biggest position was Hartford Insurance (HIG), which I backed up on last week. I've closed part of my HIG, to bring cash back up to 10%. Even though I was lucky this time, this is something I do not plan to repeat in the future.





Mechel (MTL) is a stock I prematurely ejected out of. It was just consolidating for a long while, and I got bored and sold some Covered Calls. Next thing I know, it's a rocket. But I do not feel like chasing it here. It also gives me pause from exiting out of Sprint (S) & Walmart (WMT).

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