Tuesday, July 15, 2008

DUG - Update

Here's another one that is up, this time about 15%. On July 2nd, I posted this Blog on DUG. As you can see on the chart below, DUG's move up appears to be just beginning.

I bought the October 30 calls, which are up about 60% since entry, but I expect these calls to be triple digit winners before the trade is over.


1 comment:

Anonymous said...

Ahh Allan, my friend we meet again:

You will also notice that on the same day, I posted this I "DUG" into this position with 2,500 shares. Shortly thereafter I bought 50 call contracts as well.

I'm not up 15% yet (but almost 13%) on this position, enough at least for this month's mortgage payment on my compound down here and a bit more for the customary celebratory ouzo and a pig that I sacrifice to The Gods each month I make money.

The calls I am up quite a bit less that you, only about 48% versus your 60%. But that will add to the pot.

The profitability thing, which, thanks to your blog, is every month. That works out to a lot of work in swine sacrifices but the $$ is worth it.

Again, your pick, once again, was the Art of Perfection.

Southern Greece