Our covered call play (CROX) is slightly negative. We bought 500 shares of CROX and sold 5 September $12.50 calls. This is called a “covered call” because we own the stock we are writing the calls against. A “call” gives the purchaser the right, but not the obligation, to buy our CROX shares anytime [...]
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We came close to being stopped out of CXZ while I was out of town this week, but we’re safe for now. Uranium is in the doldrums with its price declining to $65 a pound over the last month or so from $75 a pound. That has driven uranium exploration company stock prices down, way [...]
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Alistair Darling, the British Chancellor of the Exchequer who is responsible for economic and financial matters, speaking at the G7 meeting last weekend highlighted the global nature of the problem. “For the first time in a generation we are seeing inflationary pressures that are not home-grown but are being imported,” he said. “Food prices are [...]
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This is a catch up post. Although I made several purchases for the portfolio last week, taxes and family obligations prevented me from making a timely post.
Two areas we haven’t talked much about are agricultural commodities and energy. I do not have to tell anyone what’s happened to the prices for both. Last week we [...]
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