Re: Positions Thread
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Posted yesterday:
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Am entering SIRI at $3.53 and XMSR at $14.70.
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Tripled my position in XMSR so am averaged down to $13.70 per share. Doubled my position in SIRI and am averaged down to $3.39 per share.
Sold my UAWL puts for $2.50 each, total profit on this trade of +$282.00 Doesn't quite makeup for me exiting UA to early yeaterday when I was long but it gets back some of that mistake of having an itchy trigger finger. [img]/images/graemlins/smile.gif[/img]
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Also since I am a glutton for punishment I will try to buy back into ETFC if it gets back to $9.25 per share or lower today, if so I will post in this thread.
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Sold all my UA stock (500 shares) at $62.00, still think it may reach $65 later this year but after exiting my option position at a profit and making over $4 per share on the stock sale it was too juicy to pass up. If it happens to drop back under $58 again anytime soon I will restablish my position. Makes me wish I had bought more this morning when it dipped in the the $56 and change range. Well as Cramer would say, "hogs get slaughtered".
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Wanted to comment on three of my prior posts quoted above.
Looks like I made a great decision on selling my UA after all, the CEO dumped 1.2 million shares then UA got downgraded and was selling below $50 today, think I will avoid this turd unless I find a very good reason to get back in.
Got back into ETFC at just under $9 per share, if they screw me again I am done with them but really can't see it going much lower than this.
Now I feel reall good about XMSR and SIRI, they are getting close to Justice department approval for the merger and the FCC even seems to have blessed their planned merger. The Nov 16th shareholder vote should be a formality and both these dogs may hunt before Xmas. SIRI closed at $3.51 and XMSR at $14.82.
Jimbo
Oh yeah, since Crushinfelt asked about my poor decisions too the UA puts I sold at $2.50 each traded as high as $11 today and closed at $10.50, that was some serious profit left on the table (again).
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