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January 2011



ATPG Option play

January 26, 2011 – Comments (1) | RELATED TICKERS: ATPAQ.DL

I have had success writing ATPG puts.  I just closed a recent play on the Jan 15 2011s.  I have sold jan 15 2012 ones, and have recently played the jan 20 2013 puts and Jan 10 2013 calls.  I wrote 20 Jan 20 2013 puts for $9 a contract and bought Jan 10 2013 Calls for 7.75.  I am in the green for both at the moment but am actually hoping the stock will dip down so I can add.  The thesis is that while the whole BP spill delayed ATPG adding production wells, within 2 years they should more than double their production. I am prognosticating that on a conservative valuation the stock will be at least $30 per share come then.  The puts basically financed the calls, with a little left over.  [more]



Dear Spammers

January 26, 2011 – Comments (0) | RELATED TICKERS: S , PAM

Just curious, is there a reason why you spammers repeat your website address link like ten times in a given reply?



Cramer cursed me

January 04, 2011 – Comments (6) | RELATED TICKERS: AA , INTC

I wasn't quick enough to switch channels Monday night and wound up getting caught up in Cramer's show.  He picked 3 stocks to outperform for the year of 2011.  Sadly. 2 of his three picks I own in real life, namely AA (Alcoa) and Intc (Intel). AA I have had luck on.  I bought it under $11 and sold it in April 2010 for over $15.  Then bought it again for under $11.  Intel I am near even on with an average price of 21 (caught a dividend).  [more]

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