Down down down …

Things have turned worse. SUNW broke down from early attempt to break out at 6. The downgrade to junk status from S&P on credit rating didn’t help either. SUNW is seeking support again around 4.5. I’m adding more. I also opened a position in LU.

SOHU failed to test 30 and it’s been moving downward ever since. Next week will be option expiration week, we shall see more volatility. I failed to close some positions on SOHU due to lack of time following it closely. Since there’s no much time value left anyway, I’m holding it until expiration.