Friday, August 15, 2008

Happy Birthday to ME!!!

38 years ago my wonderful mom give birth to me. Thanks mom and dad, I love you guys. Today my wife and kids got me beautiful cake and roses. Thank you my beautiful family, life without you is not worth living. My siblings sent me beautiful wishes, so did my clients. Thank you.

Continuing my defensive strategy, I bought some DEE today, the ETN dedicated to shorting the commodities. Also I sold the DRYS $80 Sept. Call for $5.20. In conjunction with the call I sold in August this reduces my cost basis on DRYS by about $8 and caps my upside at $80 as things stand today. I am not going to shed too many tears if DRYS gets called away at $80. Though considering the volatility I doubt this will be the end of it.

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