Friday, November 16, 2007
EGN Alert...
In the midst of option expiration volitility, EGN triggered an alert after trading at $61. Quickly scanned the options and decided on 50 Apr08 call for $13.70, stock at ~$61.25. Provides 4.37X leverage, 2.3% premium, stop at $10.30, target $20.50. If playing the stock, it would've been 1/2 position here and another half at $58.75 per previous post.
No candidates for a while. Nothing is catching my eye. I am carefully watching SSYS as it has been with 1% of my 12.5% stop loss (for stock trades). Hopefully the markets will find some footing here given the holidays and then the stock can base slightly higher from where it is now. Only time will tell and I'll sell when if needed, no questions asked.
Masterjaz out
No candidates for a while. Nothing is catching my eye. I am carefully watching SSYS as it has been with 1% of my 12.5% stop loss (for stock trades). Hopefully the markets will find some footing here given the holidays and then the stock can base slightly higher from where it is now. Only time will tell and I'll sell when if needed, no questions asked.
Masterjaz out
# posted by Masterjaz Out @ 4:12 PM 
