trading

Market is in correction mode, expecially for China ADR.  A lot of China ADR downed more then 10% (ACH, CEO, PTR, HMIN, SNP, LFC).  My 10 ACH NOV80C is worthless now, loss 2.8K.  AB down to 118.6K from 123.8K (converted 5K to Hongkong money for possible Alibaba IPO).  Bought 10 RIMM NOV130C at 3.2, closed at 4.6 (should sell at 6.3); bought 10 YHOO NOV 30C at 2.2 as Alibaba IPO play, will sell it tomorrow; bought 10 GRMN NOV100C at 2.9, closed at 2.35 (this will be the last C or long position on GRMN); bought 15 LDK DEC50C at1.6.  Also bought 20 C NOV37.5C at 1.25 and closed at 0.73, covered 10 WCG NOV45C at 2.0 and closed at 1.3.  Day-trading NED and lost 280 (bought 1000 Sh at 15.05 and sold at 14.79).  VMW, LDK, AAPL went down again.  Hopefully, tomorrow will be a better day.  Trading plan for tomorrow: 1) Sell WCG 35C if it up to above 5.0; sell YHOO 30C; 2) Sell RIMM 130C if it reached 6.5. 3) Will buy some ACH JAn08C if it drops again.

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