Saturday, October 14, 2006

News Corporation (NWS.A)

On Friday 10-13 I sold my options for NWS.A . I bought 20 Oct 20 call options back in June before this blog exsited. I bought them for .60 cents. On friday I sold them for .65 cents. Before last week I was down big in this trade. My options were all the way down to .5 cents, a huge loss. But stuck it out and they came back strong this past week. I said, "if I can recoupe my losses, I will sell" so thats what I did. This is not what I would call a successful trade, but more improtantly it was not a loosing trade!!

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