Benny, I was teaching Summer School Math!
Somebody assigned my MRVC June $10 calls. I figured that since we closed at $10 3/8 on Friday, I had a 50/50 chance of keeping my 500 shares and keeping the premium. Guess I was wrong, but I'm not worried in the least. I'm sort of glad they are gone.
I notice that you have seen the dark underside of being an MRVC investor. Good for you!
I have a peculiar accounting technique that works for my temperment. When MRVC hit $6, I mourned my loss, and wrote the stock off. $11 1/2 is close enough to a double, in my mind. I sold half, and kept half. My strategy for quick run-ups.
I'll watch MRVC, but I will also observe the wash rule. I'm afraid the October Crash will happen early in September or late August. It seems to me all the "Well Known" trends have been happening sooner and sooner as internet trading has become popular. I also fear another round of tax selling. I just did some, myself.
MRVC may have a good future. It should be starting to show Q3, but telco lead times are longer than we are used to. I will be watching for the "Mother of all January Effects" (TM WebDrone Industries)
So, I'm now a penny-ante MRVC investor. Who cares what I think? This company ahas worn me out, coincidentally with my desire to move to cash on all but my best based on a hunch about market timing.
My Best? IBM, LU, AAPL, Vanguard Wilshire 5000 index
Gotta go
Web |
