Big Boondoggle {roject is half way complete. Bill

Big Boondoggle Project did work. I sold 50 shares of V at a good profit. I have lots of
money to play with. I will buy a September call to control 100 shares and go
ultra-conservative for a while.

Alas, I am not a day trader. The call on Oracle did not cover at 40 Cents even though I
saw ut on the screen at 70 Cents. I cancelled the cover order. I may win in a longer term
but not in one day. Fickle is the timing element. I did not lose anything and I will
turn ultra-conservative for a few days but it illustrates that even when you are winning
you have to be careful. This proves Murphy's Law absolutely, "If it is humanly possible
for something to go wrong, it will."

Last edited on: 05-20-2008 06:43 am

T-Bird, I will take your advuce as soon as I get the results on V and X in the morning.
Bill

You should do OK @ $95 as I feel V will be pushing $100 by early June. That is if the
overall market participates.

I like the Sept. expiration because it provides me the opportunity to trade in and out of
the position several times. Since I was out of pocket the other week I missed the move to
the upper 80's.

T-Bird are you saying I should buy Sept 75 an in-the-money call. What do you think about
Sept 95 @ $1.20. I want to maintain my position and if it goes down I will let it expire
and get in lower. Bill CALM, X, and TAN all went into the money.

Last edited on: 05-19-2008 01:12 pm

Bill, I play it conservatively w/options. Naked calls scare the h... out of me!

If you are successful @ it please accept my congratulations. I just do not like the
exposure.

I like the Sept. $75 calls and should have sold my position the other week when it went to
$89. I would have re-bought last week in the low 80's and repeated the process.

T-Bird, I sold 50 shares of V at market price. I am now looking at naked calls on V. Any
ideas?

If V runs to $90 this week, will liquidate my position and repurchase on any return to the
low 80's.

It is a day for short ticker symbols. Both V and X have gone ballistic. Stay tuned in.