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Thursday, December 3, 2009

new trade mistake

Hey everyone

So the account made a big mistake in a new trade and sold the wrong call! So it was quickly decided that the call would be bought back limiting the loss.

The deal is that the account sold a call that was less than the price of the stock at the time of purchase. Fortunately the situation was correctly analyzed and a solution was immediately implemented.

- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

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