Thanks for your comments. Looks like the recent stories for the $1 Billion in TARP cash may hurt, however this market is so crazy that if they do get some government money then this stock could push higher. I did double-up at $2.99 just for disclosure.
I did double up my position at $2.99. In addition, I sold a Oct $5.00 call for 0.45 just two days ago and now it's trading around 1.45, so shame on me. However I still have shares that I can unload at my price point, which is in the mid-6.00 range.
5 comments:
Waiting for additional pullback and looking to double-down
How could you buy YRCW when I posted this kind of chart ?
http://etfstocks.typepad.com/markets/2009/05/iyt-transportation-etf.html
Just teasing .. nice blog Justin !! :)
Thanks for your comments. Looks like the recent stories for the $1 Billion in TARP cash may hurt, however this market is so crazy that if they do get some government money then this stock could push higher. I did double-up at $2.99 just for disclosure.
Justin, Looks like daily we are seeing new lows. Not sure whether its good idea to add more or not. please share your comments.
I did double up my position at $2.99. In addition, I sold a Oct $5.00 call for 0.45 just two days ago and now it's trading around 1.45, so shame on me. However I still have shares that I can unload at my price point, which is in the mid-6.00 range.
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