Today was a bad day for the metals and miners

It was a bad day for the metals and miners and is time to get out of PD. Following are Fridays trades for the fantasy portfolio:

Sell 200 shares on PD @ $96.71=$19,342.00
Sell target for BIDU was met for 400 shares @ $97.50=$39000.00
Buy to close 4 contracts of BDQCT (BIDU Dec. 100 calls) @ $4.10=($1640.00)
Put in a short target for 500 shares of RIMM @ $127.50
Sell 3 contracts of Nov. 60 call contracts of CAT (CATKL) @ $55.00=$165.00
Total transactions: $56867.00
Commission: $47.00
Total transaction: $56820.00

Portfolio:
BA 100 shares long @ $85.62=$8562.00.00
CAT 300 shares long @ $59.60=$17880.00
Short 3 contracts CATKL CAT Nov. 60 calls @ $55.00=($165.00)
ADM 200 shares long @ $35.46=$7092.00
GT 1000 shares long @ $18.02=$18020.00

Total positions=$51389.00
Cash $54930.80
Gain to date $6319.80 (6.32%)

Rationalizations for trades:

PD: Copper prices as well as other metals took a hit on Friday. Instead of trying to chase this around, I am going to get out and wait for a better opportunity to either short or go long.

CAT: I am writing some Nov call contracts in hopes that they will expire by Friday OE.

Good luck investors

Disclosure: I am not currently long or short any of the shares aforementioned. I have some speculative option positions in GOOG and RIMM.

Note to all readers: This post and all other posts in this blog are for entertainment purposes only. All of the stocks listed are very highly speculative, and the portfolio is not diversified and could produce severe losses if you were to invest in these stocks. None of these stocks represent a recommendation in any way. As an individual investor, you have to assume your own risk. Prior performance is no guarantee of future returns.