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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (31109)6/11/2008 4:16:05 PM
From: E_K_S  Read Replies (1) of 78667
 
Hi Paul - Got my fill today on GE for the IRA account below $30. Peeled off some shares of CVX to rebalance the account.

I also started a new position in HD and added shares of GE, MOT and ULTR to the taxable account.

Hope today was the final capitulation in the most recent sell off. Option expiration is next week and I saw a lot of Put buyers today. There was one buyer on the GE June $29 Puts for 15,000 contracts which indicates that the stock may go a bit lower short term but lots of buyers and expanding open interest on the GE July $33 calls which indicates the stock should move higher long term.

EKS
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