we were looking to buy (COFPL) under $8
how about under $6 !!!!
Buy "puts" on the dip ... what a deal !
..... and (COFRL), we got in under $8.
---> now this FINANCIAL "bull" rally can stop ... DOW 12,600? ha DOW 12,800? p.o.p. .... the DOW loves 12,000.
p.s. IYR jumped 2.5% ... we added (IYRPR) for $3.50
p.s.s. URBN hit a new 52-week high today, yes we are losing money, yes we added more puts today ;-)
p.s.s.s. BEAR LOGIC = NO POPS = NO GAINS ... (although this "bear" shit is gunna pain the DIPfolio if we don't get a dip soon)
4 comments:
COF gets downgraded, hmmmmm, drops 5%!!!
Took some quick profit in our April puts!
Go team
Been reading you blog for a few days now. It got me to look at URBN. 34-35 P/E for a clothing company with a new 52 week high in this market. I thought you were right on, so I bought some Puts on the pop. Bought 10 URQRF @ 2 and one day later (today) sold Sold 10 URQPG @ 4.1.
Oh yeah! Love your blog.
Ack..
Should have read..
Bought 10 URQPG @ 3
Sold 10 URQPG @ 4.1
30 something percent in one day. :0)
Anyway, I am happy :)
Keeping my 10 URQRF (June Urbn Puts)
and going for 100% on them.
just saw this comment ... congrats!
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