Monday, June 4, 2012


As I explained in my weekly Sentiment blog today, this sorry market has more time than I have Retirement money, so I am exiting all positions in Cliff Resources, although Mike Santoli in Barron's recommended it, as did other sites (several major brokerages now downgrade it after a decline from $101 to 45!.DOH!
This was a true, but unsuccessful, test of DITM - although I'm sure it will rally at some point before Oct. From my entry point of $70/share (200), to $45, had I only bought the stock I would have lost $5,000. As it was, with Call premium, dividends (today), puts and put spread hedging (on vacation), the loss was only half that.

No comments:

Post a Comment