Tuesday, November 27, 2007
Paper Buy and Real Sell...
Wow, another stock drops 12.5% from my averaged down entry and I sold in the morning, it was MCHP. I did collect a 1+% divy and sold just above my stop loss, so it is likely a 10% loss instead, but still...I should not have been buying in the crappy markets, but I did not have the indicators, wherewithall, to realize it at the time. Always learning.
Paper trading JASO after it tagged the $48 level late in the day. The options are crazy expensive with implied volatility. Bought the 40 Jun08 call for $17.20. Yep, monster 19% premium. But if the stock moves I'm fine, but I am paying up for volatility and I don't know if I like that...
For now,
Masterjaz out
Paper trading JASO after it tagged the $48 level late in the day. The options are crazy expensive with implied volatility. Bought the 40 Jun08 call for $17.20. Yep, monster 19% premium. But if the stock moves I'm fine, but I am paying up for volatility and I don't know if I like that...
For now,
Masterjaz out
# posted by Masterjaz Out @ 3:28 PM 
