Archive for: November 2008

November 30, 2008

Month End Summary – November 2008

Filed under: Account Summary,Finance,Indices - 30 Nov 2008

I continued my horrid slide to new lows in November, but I found a glimmer of hope over to end the month with a massive rebound.  My account briefly fell below the balance I had in my account at the beginning of …

November 27, 2008

Humor – Economic Double Entendres

Filed under: Media - 27 Nov 2008

CNBC is starting to sound like late night Cinemax with all the double entendres. I think I heard this report last night and actually double checked to see if I was still on the business channel.

Female Anchor (FA): We are …

November 26, 2008

Sold CMI Covered Calls

Filed under: Finance,Stock Picks - 26 Nov 2008

I’m starting to face reality and realize that the world’s economy isn’t coming back in a snap.  That means I’m selling some covered calls at lower strikes than I was planning to.  If we do get a bear market rally, I …

Sold JOYG Covered Calls

Filed under: Finance,Stock Picks - 26 Nov 2008

I added another set of covered calls to my account this morning.  I made the mistake last month of buying my JOYG November 25 calls back early only to see it fall back as low as $14.30 intraday as recently as November …

November 25, 2008

Sold New Covered Calls – CELG and AA

Filed under: Finance,Stock Picks - 25 Nov 2008

After making the trades this morning I took a break to see where the market would go.  I also spent a little time actually doing my job.  I know – what a thought.  I got a little worried about where the …

Exiting Stocks – TDW, USO, QCOM

Filed under: Finance,Stock Picks - 25 Nov 2008

I should’ve sold USO yesterday afternoon after it was up $4.00+ for the day.  Instead I waited for it to fall some today and I sold 300 USO shares at market at $42.6802 and paid $12,793.99 with commissions.  I’ve been losing big on …

November 24, 2008

Closed SSO Position

Filed under: Finance,Stock Picks - 24 Nov 2008

I sold my 200 SSO (2 x S&P 500 ETF) for $24.64 and received $4917.98 after commissions at 3:45 this afternoon.  It hit $24.83 a few minutes earlier and once I saw it starting to turn south I jumped out with …

Sold New DIA Naked Puts

Filed under: Finance,Stock Picks - 24 Nov 2008

I’m long two DIA December 84 puts (DAVXF) and have been selling naked puts at lower strikes for the past couple of months with the long puts as my hedge.  This morning (wish I did it on Friday) while DIA …

November 22, 2008

Dow Jones Chart – November 21, 2008

Filed under: Finance,Indices,Stock Charts - 22 Nov 2008

This was the worst weeks I’ve ever felt as an investor.  I came back to the Dow Jones ($DJI) Chart again this week because it’s interesting to see where it’s been and consider where it could be going based on …

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