Tuesday, October 16, 2007

 

Buy - 1 POT Nov 100 Call @ 14.40



I didn't time this as well as I would have liked. I bought it, what looked to me, a break of a cup and handle pattern. But it didn't go too far beyond that. An ideal entry IMO, would have been close to 110, there was some pretty good intra-day support. I should've been more patient.
So I've broken one of my rules again, never to average down on anything. If it goes down tomorrow, this could really hurt me.

POT reports sometime next week. A run-up into the earnings would be nice :)

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