Thursday, March 7, 2013

Buy and Hold, For 2 Days

FLT announced a secondary offering and dropped 2% off the bat so I bought more shares and April call options. I should probably calculate the dilution to see if it was oversold, and hence a better deal. Otherwise it wasn't - it just felt like a sale. But I've been buying on the way up anyway, so no biggie.

I bought more KOG shares early on, so that turned out well since it closed up 4% for the day.

There was no value in spreading my March KOG calls so I figured I'd sell 'em if I could turn 15% ... I'd be happy with that. Turns out I was wrong. I netted +17% (in two days) and I'm still not happy 'cause I could have made more. There's no pleasing me.

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