Saturday, July 29, 2006

Ka-ching!y make.

Suh-weet! Alright, so I had the August 111 Calls of the Diamonds. Cost of $1.75. I bought em' around last Monday, I think. Anyway, I was feeling pretty optomistic about a bullish week cuz' of Q2 earnings being reported. Not only were earnings good for the most part, but GDP numbers suggested that the economy was slowing down; this happened just yesterday. Ssooooo, I took advantage of yesterday's trajectory north and made some cash. $-) I sold at $2.30! Please remember that you have to buy these in chunks of 100 shares.

Freakin' I needed this!!!! This has restored my confidence cuz' when I lost 50%, that really bruised my ego. I should have just held on to those contracts cuz' had I did, it would have been profitable for me, but I just had a hard time going to expiration. It was a very expensive lesson for me.

Anyway, I dunno' if I am going to take any positions next week. Might take it easy and see what happens on August 7th when the Feds get together again for another rate hike or a pause.

At any rate, I'll be anxiously be waiting with my money ready to profit from whatever decision they make.

Cheers!

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