I was in front of the computer on and off today, but the tone of the market looks reasonable.

After last week, it’s fine to have a couple of days of consolidation. This bottoming process is going to take some time.

I flipped out of my LEH puts close to the open for a nice 35% gain in two trading days. Turned $8k into $11,500. Will never look back, but I’ll bet I left some money on the table. There is nothing about the LEH chart that suggests the stock is going higher.

SPKL- firmed today, but continues to be under pressure. I believe very early shareholders who originally financed the company are selling out in front of April 15th- tax day. Some other shares coming out as well. Just a little more selling than buying should keep this one grinding a bit lower for the time being. Should be coming close to the end of this Chinese Water Torture.

CREE- stock looked great today- bucking the declining market to finish over $30. Nothing to be done right now. Sell calls at $35, or buy more at $25.

EFSF grinding a bit lower again today. Too close to my SSL. Commercials start on the 31st. Hoping it injects some real life in the stock.

NIHK fans don’t worry- 411 coming.

Didn’t like the action in commodities. If commodities start another parabolic move to the upside, it will tough on the market. However, I believe this bubble is close to bursting. You can’t buy a metal detector in Florida (folks looking for gold in the sand). Individual gold mining permits in Alaska are at a new all time high- it that’s not a signal of a top, I don’t know what is.

Have to do a BLOG piece on the SPKL 10k- traveling tomorrow, so look for it Friday. I want to put some thought into it.