Whatsa Happenin' - or Not - with Hott stuff

Took another hit with HOTT. Got in too early and couldn't turn a profit when it went back up. Lost 30% holding on for 5 weeks. Learned, or rather reiterated, an earlier lesson. Be patient and pick my spots. Not to mention getting involved with higher quality equities! Got back in the groove and made my money back within a week, though.
+35% in 2 days with Citrix
+25% in 2 days with Cameco
Have two open positions with GFI and XRX.
Also keeping track of other stocks which my screen turns up.
In the last few days these have included CIG, UNG and GBX... before they made moves.
Also, I seem to have trouble getting over the hump from 9k above 12k, so I am putting a fair bit of profits aside to keep myself in check and in my sweet spot, usually moving from around 4k to above 7k within a week or two.
Wish me luck.

My Own Hypothesis... A Shot in the Dark

Here's a synopsis of what I think is going on:
The dollar is at record lows and sinking further. The only way to raise the value is to create demand, but there is none (wink wink). Notwithstanding the fact that with the countless derivatives and odd angles to play the market, most every individual and institutional dollar is "all in" - some several-fold. This is already getting too complicated, so I'll get to the point. Smart, conservative investors buy low. Banks and countries around the globe would love to get in on the cheap dollar, but they're very concerned about where a bottom might be. So, Uncle Ben and JP Morgan took Bear Stearns to the top of the highest mountain and shot her in the head for everyone to hear. This ridiculous shot heard 'round the world has brought everyone out of the woodwork to feast... and sent up a very bright and distinct flare benchmarking value.
Treasury notes have begun to be eaten up. I suspect large foreign banks are the buyers, particularly where the dollar trades weakest and capitalism is welcome. Europe, Japan... And they all got tipped off by Uncle Ben before it went down so they could watch it go down - and buy, buy, buy as it unfolded.

But's that's just one man's opinion.

In Review

I bought my first calls on Sept 21 2007 with a mere $2,200
My holdings as of this post have a value of $7,640, not including the original 2200
In essence, I have been able to turn 2200 into 9840 (447%) in 5 months
This also includes one trade incurring a 68% loss
In this time period, the major indices have lost 10-15% of their values

Update

Cognex......................16%......5 days
Sony...........................27%....15 days
Louisiana Pacific.........24%.....2 days
Bed Bath & Beyond.....38%......2 days

As of now holding 19 March 12.50 calls for Brunswick Corp at a cost of $4.30

Update

Tough going since I last checked in. Starting doubting myself as I have been tuning my eye. Took a bad hit with Sandisk - made two bad decisions in haste instead of being patient, but got right back in the game. Got a dose of reality while learning new things. Hope it keeps up! Last I wrote I had open options in Talisman...

Talisman....2 days....14.6%
Lionsgate...4 days....6.4%
Perkin Elmer...8 days...-0.6%.....broke even (minus commisions)....was up at one point, got greedy and let it ride - retested the high after I got out
Sandisk....3 weeks....-66%....this one hurt, the Nasdaq was getting pounded every single day.... the deep in the money calls let me salvage some of the wreckage....got lazy, impatient, a bit cocky, and had to sell before they expired,

but then,

Texas Roadhouse...8 days....50.3%
UST...4 days....39.9%

and yesterday I bought 25 March $15 Cognex calls

I could've had another $1100 in UST had I waited a couple more hours
I also spotted JCrew and thought it wasn't quite ready for liftoff (had shakeout drop) but it didn't and went up $4+ the day after I opted for Cognex. Still developing my skills and hope they last. Until next time.

Ciao.