Wednesday, September 21, 2005

Trading Update

I'm starting to bunch my trades for blogging purposes due to lack of interest. So, here's a quick update. Today was painful. Market didn't like what the Fed did and what they had to say. Anyway, here is the latest update.

EBAY is hurting me a bit. Still have a position averaged at 38.45.

RF Micro Devices (RFMD) - Sold off the last 20% at 6.45 before the recent tumble. At this point I have no position in this stock.

Seagate Technology (STX) - Did a buy-write on this one. Bought at 15.07, and sold the October 15's for 0.70. The goal is to get called away at 15 upon expiration. This would yield close to 4 1/2% for 5 weeks if all goes according to plan. Break-even on this trade would be STX at 14.37.

No comments: