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Sunday, January 16, 2011

One Week left in LLEN..code Orange

There is one week until the the end of the current L and L Energy trade. The trade is currently in orange status. It is below what the account paid but higher than the stop loss level. There has been conflicting high profile news on company. The account feels that the stock is primed for a move up due to both fundamental and technical reasons.

The LLEN stock is currently priced at $9.39. It has survived repeated attacks from Strategy Session on CNBC. It seems to have a solid base at $9.00. Red Chip lowered its price target to $17.00 from $19.00.

The Jan $12.50 call has become worthless. So the account has maximized its profit from the call.

The account recommends taking a look at the news for LLEN through Yahoo! Finance. Reports from CNBC,, SeekingAlpha, and Motley Fool were issued just in the last week.

Overall, if the stock does not hit the stop loss, the account will be looking to sell another call (either Feb or Mar) on LLEN to decrease both the cost basis and stop loss prices.

- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.

- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!

- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.

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