I am a happy camper today. I was a little nervous, so I sold 1/3 position on Friday at 25.5, On the other 2/3s I had sold covered calls with premium, now they are well in the money, so I missed a bit of the gain, but I closed the calls at a loss, with the stock having a gain. Luckily, I closed the calls when it was at 29.25, so I have some more gain. I wonder if there will be the Citicorp news in the morning and if so, then we may see 35+ as some posters on Yahoo are suggesting. I hope so but even a gap up tomorrow may be a selling opportunity. I have held positions for long periods of time but recently, I have been bitten by a bad streak, so I am reacting quicker. What do you think about Checkpoint CHKPF, looks very undervalued, with strong growth and beats estimates consistently, just competes with Cisco and Microsoft and NETA, does well at it too.
But perception is big in this game.
Good luck.
Ketan |
