Trade Alert – Zig when they zag

Here’s how the mainstream media works and here’s why you can make good money by just thinking and trading as independent-minded-ly as possible:

Those are the articles that Bloomberg chose to run back to back yesterday.  Read from the articles themselves:

A few hours later:

Pretty remarkable how set groupthink can become about a stock like this. Anyway, Facebook’s up 20% this morning and we’ve got some big gains on the recent tranches of calls and common that we’ve been buying here on the site and are now up net/net on the Facebook trades. I’m going to trim down just a little bit of it this morning. Selling my nearest-dated calls, including some January 2013 $30s that I have losses on, but also some with gains. I’m holding the longest-dated strike price calls steady because they have less time risk. Selling about 1/10 of my common stock too on this morning’s pop.