Profits And Losses

Took profits on PII as the second Fib. extension @ $45.67 acted as a magnet...so $.74 (1.65%) profit per share on PII...not too bad and no pressure on my stop...up/down volume on the exchanges kept expanding to the upside after I entered so the long side was the right side for today.

Toll Brothers TOL (NYSE) was another story as I finally bit the bullet and took the loss on the options...fortunately I was able to significantly lower my cost average on the options through flipping the stock...by the way I'd like to thank Goldman or UBS or Morgan for upgrading the sector this morning...I'm sure their traders will be unloading all their shitty housing stocks into the close...I'm out...jfg.