Friday, November 15, 2013

Time to be fearful?

The best time to be fearful is when others are greedy, and with that in mind I reduced my Sears Holdings position yet again.  Specifically, I sold my 10 SHLD Jan 2015 62.50 contracts for $11.30 (for total proceeds of $11,288).  You'll recall I purchased these back in July at $3.65 per contract (here's the post: http://mevsemt.blogspot.com/2013/07/more-sears.html), so it was a very profitable 4 months!

Questions?  Comments?  Email mevsemt@gmail.com.