In the interest of honesty I must point out that my last +10 FCX contracts were a complete wash. The next morning the stock opened down about 7% and that was enough to wipe out my position since I had only 1 day left before the option expired. So instead of a 15% gain, I had about a 15% loss. I liked the position, and the learning was worth it.
Since that time, I have seen no entries that I felt strongly about. So I continue to wait.
Monday, March 31, 2008
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