May 24th, 2011
Greetings We have a few adjustments to make:
This is a “Hold” at this time.
If you didn’t get it “Put” to you in May 2011, June 2011 is too late, since “ex-dividend” is after Options expiration.
In July 2011 we will again be selling calls and puts on this stock with the goal being to have a Long position.
The Call went through at .30c
If you had a “limit” it is still an “open order”. You can still get .20c on the JULY 2011 C all.
Options are closed on this stock.
Open a “Sell” limit order, so they can use your shares for shorting.
I set my limit at $10.00
There are burblings that this stock might recover, but it will take a long time.
Remember, you have
not “lost” until you give up.
Until Next Time
Brad Lee AKA “The Options Oracle” and “The Money Medic” is an individual investor who does not manage
money for any financial institution.You are purchasing the list of stocks that he uses to select options contracts
he feels will return him the highest, safest profits. Brad is not a broker, or financial adviser. He is a remarkable
investor who has developed a successful strategy for himself, and is willing to share some of his magic with you.
We urge you to paper trade these picks and learn how to develop a strategy that is appropriate for you.Thank
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May 24th, 2011