Tuesday, April 22, 2008

Chin Music


I'm taking it on the chin today, along with thousands of other traders. Delta (DAL) is killing me when I thought it would be doing better than this. It's already taken half of my profits that I bought the contracts with last week. This is one that I may have been really wrong on. Of course, the contracts don't expire for two months, and that's plenty of time for the price to get up in the money above $10 a share. Cross your fingers for me. Damn Delta. I should make it a rule not to buy controlling interest in companies I don't like. That's what's making it hard for me not to be establishing a position with Microsoft (MSFT). Many people are pegging it to be a good boat to be on this year. We'll see.

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