Discussion in 'Stocks' started by bttweb, Sep 18, 2006.
Ugh YRCW just went south a major way, feeling the pain of trading any stock mentioned on ET :\
Drop the cash for MFRI
Were you long the Oct 65C, or did you sell to cover the long?
I appologize, I called it a spread when the technical name for this option strategy is a Straddle...
Been long the common since the IPO and bought Oct 65 calls on 9/14....My break even prices for this straddle are 62.00 and 68.00
Call price was 1.15
Put Price was 1.85
Profit from the Commom
Bought --- 44.02
Sold ---- 67.11
Profit from the Calls
Took the Net from 1/2 the Calls that were sold and this covered my purchase of the calls and 1.50 of the 1.85 for the Puts...
This spread cost me .35 when everything was said in done...NICE
So I double my invested capital @ 61.65 or 68.35 by Oct expiration...
Yea, I know.. I already sold it at 12.50 last week. I am looking for a new entry point.. I believe it can go to 15.00 if the conditions are right; however never always possible.
Also adding YHOO to the list. Today was a perfect buying oppertunity. EBAY (and YHOO) captured today at the lows.
I traded SIM a while back. The technicals looked great and it was valued much cheaper than the other steel stocks and cheaper than it is today. I got out with a small loss as I watched it "retrace" what, if my memory is correct, like 50%.
RIMM (short term)
ISRG (short term)
FRPT for long term
Getting new contracts for making the best IED blast protected vehicles consistently, and has future prospects of winning a piece of the humvee replacement contract which will be in the multi-billions of dollars.
update from last post...
1. GIGM up 7% - 3 days
2. WEBM up 9% - 3 days
3. BEAS up 7.5 - 3 days
4. SONS up 16% - 3 days (made 8% just today!)
5. ITWO up 5.8 % - 3 days.
hope some1 took notes...
For long term investing, I am 100% in Elan (ELN).
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