Propaganda is to democracy as violence is to a dictatorship.
Adding FAZ at 18.24 was an unbelievable trade given that the NYSE reports that its low today was 18.25
Hah!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.:(
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.
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.
http://www.youtube.com/watch?v=94lW6Y4tBXsCheck this out.
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