Market Curiosity: Exploring Markets And Systems

January 16, 2011

Long EZPW calls, +23%

Filed under: +06 to +25%, Long Calls — Tags: — Jeff Fitzmyers @ 9:53 am

EDIT Jan 19th. Opps! Its EZPW not EXPW.

Went long 1/4 position Mar 30 calls for $0.76. I was (overly?) concerned about a general stock market pullback. I still am, so unless price continues to be strong, will sell half soon.

+ Good breakout volume.
+ Nice month long consolidation.

Jan 19th: Took partial profit yesterday at $1.20. +58%. Although in some ways stocks seem to be powering up, things are very overbought and so subject to a big reversal. Don’t want a profit to turn into a loss.

Sold the other half today for $0.81. +6%.

Average is +32%.

Jan 22: Glad partial profit was taken!

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