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Tuesday, November 9, 2010

Stock Updates - RIG / YHOO / F

RIG is up strong today.  My Nov 70 Options that 2 days ago were worth about 0.30 are now bid at 1.35 and offered at 1.39.  Chart pattern looks good.  Going to see where we go for a bit longer.

YHOO Dec 17 options bought at 0.50 are now worth 1.15 bid and 1.18 ask for over a 100% gain.  Take profits now or let them run.  Thinking about selling 1/2 my position and keeping the rest for a couple of days.  But I just might keep them all for another day or two.

Selling F - Nov 16 options at 0.71 (0.71 bid , 0.72 ask).   Bought these at 0.40 on Nov 4.   Banking a 77% profit in 5 days.  Note:  Be careful with Ford, it may be nearing a short term peak.  If you choose to stay in,  you will need to watch it closely.

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