Tuesday, November 13, 2007
COL buy, EMC hold
The markets are bouncing today, limiting my ability to add to necessary positions, ala EMC near $19. The trials and tribulations of dealing with FolioFN trading windows. I will wait and watch for a pullback before entering my second 1/2 postion.
In the meantime, COL fired off an alert this morning as it pulled back to $73. Paper trading the 60 Apr08 calls, premium of $15.35. Lotsa leverage with this trade, but still a reasonable delta and %premium. As always, a 25% stop loss and 50% target. $71 looks like the next level of support, if I had the funds to average in.
A thought about averaging in: This is the first time in a long time I have been averaging down on major positions (EMC, SSYS, LTM) and I am curious to see the results. Either I have been lucky to have good candidate stocks decline thru two buy levels, or I've been setting myself up for a major drawdown. It will take months to know the answer, but I'll be watching.
Need to also purchase another 1/2 position in WBD as it has reached the +25% mark ($131.50), was hoping for $125, but it did not stay there long...
For now,
Masterjaz out
In the meantime, COL fired off an alert this morning as it pulled back to $73. Paper trading the 60 Apr08 calls, premium of $15.35. Lotsa leverage with this trade, but still a reasonable delta and %premium. As always, a 25% stop loss and 50% target. $71 looks like the next level of support, if I had the funds to average in.
A thought about averaging in: This is the first time in a long time I have been averaging down on major positions (EMC, SSYS, LTM) and I am curious to see the results. Either I have been lucky to have good candidate stocks decline thru two buy levels, or I've been setting myself up for a major drawdown. It will take months to know the answer, but I'll be watching.
Need to also purchase another 1/2 position in WBD as it has reached the +25% mark ($131.50), was hoping for $125, but it did not stay there long...
For now,
Masterjaz out
# posted by Masterjaz Out @ 9:19 AM 
