Wednesday, August 08, 2007

 

Buy, Sell - 1 POT Sep 90 Call @ 7.20 (Bought @ 7.00)


This was a lucky escape. POT looked good to me breaking, IMO, resistance @ 92, and the market was looking good. In hindsight, I don't think the bar at which I bought it was a good buying point, since it's got a long upper shadow. I decided to sell it when I saw the Dow lose 60 points in quick time and POT looked like it made a double top. After commissions, I made 5 bucks on this trade :) Oh well, better than holding it and having a 150 buck paper loss.
It's a weird market out there..

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# posted by AJ @ 7:04 PM
Comments:
well for some damn reason i'm tryin to trade NOV again. i got in a SEP115 Call @ $6.5 today. i try to stay away from trading the same stock too many times but i think we'll see a bounce from here. maybe. if the market doesn't completely blow apart.
j.M
# posted by Anonymous Anonymous : 3:47 PM
 
Good luck with your trade. It seems to be getting close to the 50 day MA, so it could hold that as support.
Crazy market out there.
AJ
# posted by Blogger AJ : 11:05 PM
 
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