I've had some technical difficulties at home, so not blogging much.  Tough market lately, but from what I gather most smart finance types think we're up again by the second half.  See this weeks Barrons.

I am collecting XLF calls with strikes in the 29 - 31 range for June 08 and Jan 09, betting that financials have seem their bear market and can't go much lower.  Planning to pick up some SPY Puts with short term expirations for any market rally.

CREE is settling down into the 24 range today, so I'm glad I stuck with my limit price of $23 when the stock rallied 2 weeks ago.  I think it's a good story for the future.