Friday, September 01, 2006

Quick Trading Portfolio Update

I've had a standing order to sell the PowerShares Water Resources (PHO) Sept. 16 call options at 1.15. Today, the order was filled. This was a losing trade, and I'm out. I'm still bullish about water over the long-term. I might actually add PHO to the long-term portfolio at some point, but now is not the time.

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