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Trade Alert – Locking in some gains (And Cody’s Latest Positions)

Cody Willard

May 13, 2013 — 1 min read

Good morning and welcome back to the airport, where the jets take off and land, but you always need a little bit of help on the ground.

A couple trades this morning to mention. First Solar is up nearly 50% since we added it to the portfolio just a few weeks ago, and I’m going to sell 1/3 of my position. Likewise, we’ve got some very nice profits in our Nvidia and Marvell stocks and the call options we own in those two names too (http://tradingwithcody.com/?s=alert+marvell and http://tradingwithcody.com/?s=alert+nvidia). I’m going to sell about 1/2 of my call options in both and lock in these big gains and reduce my exposure to the downside.

Here’s a list of my latest positions in approximate order from largest to smallest. I give each stock a current rating from 1 to 10, 1 being “Get out of this position now!” and 10 being “Sell the farm, I’ve found a perfect investment” (there will never be a 10 rating, because there is no such thing as a perfect investment, of course). Anyway, here’s the list:

Longs –