Wednesday, February 08, 2006

BHP position not taken

Due to circumstances we did not sell the BHP puts as planned on Monday 23rd Jan. The stock price then took off from a low of 24.23 on Monday to peak at 26.63 a week later and hovered in the low 26 range until today, when gravity and sanity returned with the stock dropping over 5%. After reading comments by the Intelligent Investor we will now closely watch both BHP and Rio Tinto for an entry or attractive Put position.

No comments: