Tuesday, December 19, 2006

Microsoft Corporation (MSFT) Trade 12-15

Forgot to post this one. I bought a few MSFT 30 Jan 08 Put options. MSFT has been on a good uptrend, but I feel it has hit the top. Look for a pull back to the mid 28's soon. At that point I will determine to hold or sell.

UPDATE 2-13: I sold my put options for MSFT. I felt it had hit support levels and will now make way towards resistance. This trade made a 25% gain.

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