Personal Portfolio Plays: August 19th, 2008
August 19, 2008 – 9:54 amPurchased Cisco (CSCO) September 23 puts 15 minutes ago. I could of bought at the open and pocketed about 5-10% so far but my alarm clock didn’t go off :/
I had a small conversation with one of the other writers here on the site over whether or not to take up the September 22’s or September 23’s. I wanted to purchase the 22’s but went ahead and purchased the 23’s instead.
On a slight side note, my put play on Companhia Vale Do Rio (RIO) has gone a bit south. Remember, I told you to buy it only barring a big drop, which it had the morning after the articles post. We are going to wait for a retest of the $25.20 resistance line before we make a play.
Thanks for reading.
-Justin Moon, Senior writer for Marketchasers.com