Sorry for the absence of posts

Today has been a busy week for me. I was offered and accepted a summer internship at Morgan Stanley that I am VERY excited about. I hope this will open up tremendous opportunities for me. I also read the book "The Ultimate Gift" which solidified my life goal of wanting to help other people.

Now back to trading. My current positions are as follows.

Asset	Description	Enter Price	Current Price	P/L
SIRI	June $1 Call	.17	.11	-   $11.86
GMCR	May $95 Call	2.02	.04	- $197.93
IMAX	Sept $19 Call	2.32	2.85	+  $53.07
SLV	June $21 Call	.33	.23	-     $9.93
MSFT	July $31 Call	.58	.44	-   $13.93

Total P/L for open positions: -$180.58
I'm still holding the GMCR position just to see if I can squeeze a couple more points to ease the loss. I entered the silver trade to capture the big move up in gold but I think I will close the trade soon, possibly tomorrow because I don't like the way it's trading. IMAX has begun its steady move higher and that September option will turn out to be a big profit. Below is the daily chart for MSFT

Actually, after reviewing this chart, I am unsure as to why I entered this trade mid channel. This is usually not the way I like to play channeling stocks. Tomorrow I will place a tight stop loss on this order to ensure I don't get caught in a mid channel pullback. Also take a look at how long it took the stock to rise from channel bottom to channel top in previous instances. Approximately 2 months the first time and 2 and a half the second time. This current move from channel bottom does not look as the other two did. This sharp upward price movement could possibly stall before reaching resistance and I don't want to get caught in that.

I have a lot of cash on the sidelines waiting for a trading opportunity and as safety. I don't see many opportunities presenting themselves right now so I will wait. Goodnight!