Hi Kasha, sorry about my abscence the last couple of days, I've been apartment hunting and the like so my time has been occupied with other things.
Thanks for the compliment Marcos, and for the thread which I believe has been a good one so far. If you have any questions whatsoever, let me know and I can hunt around for an answer if I don't know the response offhand.
That's too bad about your cottage Kasha, it's generally been pretty good up here the last couple of days, it hit about 12 celcius today, it won't be long before we can hit the links. A bunch of us from work have a trip planned to Malone NY in about a month, I hope for my own selfish sake that the dollar improves before then.
I was interested to hear about your recent transactions, particularly Nike, Philip Morris, and the new expiration date for your WFC puts, what strike did you go for? I've constantly got WFC on my screen at work, it's so interesting to watch these days. How far out is your negative outlok for MO? Are you looking for profit-taking this week or is it more fundamental than that? As you know, the Canadian banks staged an impressive rally this week, particularly National Bank which closed at about $15.30 I believe. My best move this past week, without doubt, was not buying puts on NA on Monday. Nonetheless, I still stand by my previuos assertions that the Quebec situation could provide a lot of uncertainty over NA's shareprice. I'll be watching it closely and examining those July puts for good opportunities.
Your note indicates that the S&Ps are down 25, is this 2.5 or twenty-five? Am I reading this correctly? I won't go on any longer but am glad to see that the thread is continuing, don't be a stranger Marcos.....
Steve |
