Wednesday, April 16, 2008

Market Fun


Just when I was thinking about liquidating and going cash and coin for safety, the market takes a big jump today. The PCZ May 45 Call I bought just a couple of weeks ago is now posting a 189% gain and is still climbing. Bid/Ask prices still indicate strength with it looking to break the moving average. I'm excited, to say the least, but I'm also itching to get out as soon as there's an indication of a pullback. I'll set a stop limit to be safe on the downside. The crazy oil prices are the cause of this upswing, and I'm a little torn. I don't like paying more at the pump, but if I can at least profit on the upswing, I'm buying a ticket for this roller coaster ride.

CZ

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