Thursday, January 3, 2008

Sold my PCP Calls

I sold my PCP calls. I had re-established those calls on a stock downturn hoping for a quick snapback. Now, I was just hoping for the stock to go up. Hope is not a thesis and I sold them on this morning's strength for a very small profit. I needed some cash to protect against tomorrow's jobs report and this does the trick. If PCP's technicals get in a good place, then I may put on those calls again, but it is better safe than sorry.

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