Archive for: December 2008

I haven’t traded since last week, but have seen a huge increase in my account value since the month started.  I still have $7,263.07 on margin, but my account value is up to $52,158 from the lows I hit in November in the …

The Dow Jones Chart ($DJI) I drew ending on Friday shows two big trend lines about to meet.  This means one of the trend lines will have to break and whichever side gives should lead to a decent sized move …

While CELG was trading at $50.84 I sold to open two CELG December 50 naked puts (LQHXJ) for $2.55 each and received $498.50 after commissions.  I sold within a couple of cents from CELG’s low of the morning.  If that support …

I own 200 shares of Freeport-McMoRan Copper & Gold Inc (FCX) with a pre-option cost of $72.50 each.  I started this position by selling naked puts and have sold covered calls a couple of times since then.  I waited since the last covered call …

I can’t imagine that anyone, not even those who aren’t part-time investors, didn’t know we were in a recession.  Among the many articles on the topic out there, MarketWatch posted some interesting thoughts.  Here are mine mixed in …