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Tuesday, January 26, 2010

8 weeks to go on current trade

There are eight weeks to go on the current trade. The stock has fallen to the price that the account bought the stock. The price of the call has dropped by over 50% since the account sold it. The stock will have to rise 15% to reach the March strike price.

Using our technical analysis tools from Yahoo Finance and Optionsxpress, the stock is showing to be in a trading range that is above the account's base price and stop loss sell price for the stock.

The stockholders of the company did vote to allow the company to expand its total number of common shares by 65%. This was done to help give the company the opportunity to product partner with larger companies in its industry. The company is currently testing products that will have results published in the next six months (according to the company.)

- Opinions are given on this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses occurred from trades that use its material as a basis for the trade.

- The account does not fully divulge all information on companies that have open trades. This is to protect current 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, etc.) 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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