Tuesday, March 24, 2009

Trades - March 24th, 2009

Did nothing today outside of add some FAZ to my retirement account at 18.24.

In fact I have yet to even look at my (big) account to assess the total damage from yesterday.

I've decided to repeal mark-to-market accounting for my personal account!

What's good for the goose is good for the gander....


Anonymous said...

Adding FAZ at 18.24 was an unbelievable trade given that the NYSE reports that its low today was 18.25

CaptiousNut said...


Tried to post that one off memory. Believe me I was not watching today. Too painful on the stomach.

Just checked - I bid 18.30 and got filled there.

For some reason I had it in my head that I got filled .06 cheaper. Usually when I bid on this crazy ticker I put a limit .10 or so above the last sale that I see. And usually I get filled a bit better.

I've gotten the absolute bottom before - it really ain't so hard when you average down as often as I do.


Anonymous said...

Cap, why don't you sell covered call ? I bought faz at 45. Lost half of my portfolio but covered calls help.
Agree with your analysis about Faz decay.

CaptiousNut said...

I would use covered calls on a longer term investments only.

Though I may end up holding this FAZ for a while, it was not deliberate by any means.

With this ticker in particular, I'd rather be in, out quickly, and then back in on a dip.

I own some Dell; and have covered the position twice in the last several months.

Anonymous said...


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