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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (36498)	1/21/2010 1:36:21 PM
From: Grommit	Read Replies (1) of 78748

GOV. EKS: "Any surprise to the declared dividend for March or June should provide me the opportunity to buy back the options I sold at $1.70/contract at some significant discount. Otherwise, my stock gets called away locking in an annualized return of 19%" me: Won't be any surprise dividend cut. They have plenty of sources of funds to pay it. I expect a div increase at some point due to strong property mkt in wash/maryland. Good return for you, but didn't the guy on the other side of your option made more money than you did? And it was your money -- your lost opportunity. EKS "This will allow me to back up the truck to buy more shares at prices between $19/shares-$20/shares w/o getting hit with a loss on my earlier buys.... I am glad to get my hedge in place at my price before the secondary closes tomorrow. There should be selling pressure on the stock as the arbs close out their position." Didn't happen yet. finance.yahoo.com I am not criticizing your trades. I am glad we all made money on GOV. But I do not think the prices goes down much from here. If I am wrong, 7% to wait it out... And you have downside insurance. No, actually you sold upside insurance, didn't you? grommit

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