*I’m posting this a lot later than when I wanted to, almost a month in fact.. however judging by GROW’s current price of $11.83, I’m glad I sold when I did last month.. heh heh. I have not tried another TimAlert trade since this one.

Well as you know from my first TimAlert trade, and subsequent missing of the exit of Tim, I had held onto my ‘GROW’ short a lot longer then what was likely a good idea.

I’m writing this [...]

Well, some interesting things happened since my last post of LYG.

It ends up, I DID in fact get the dividend (they must have been mistaken) of .8477 per share.. so since I owned 100 shares.. that was $84.77 which I was paid out in a special dividend. SWEET!

However, that dividend somehow adjusted the options which I sold as well.. so as it turned out.. they expired on Friday and even thought the stock was trading at 4.68 I believe at [...]

Well since I purchased the buy/write strategy on June 2nd here I’ve watched as it’s dropped pretty from $5.90 a share, down to $4.40 a share… about 25%. So to say I was wrong about the direction is certainly an understatement.

However, thanks to the power of options, instead of being down $150.. I am only down 4%, or $24. WOW!

And as time goes on.. it’s eating away the premiums on the options I sold (not bought), so that $180 is [...]

Well.. as I posted a few days ago on how to purchase a stock for 15 – 20% off the current market price, I have done just that with a stock which I believe is going to go up and I’d like to be a part of it.

LYG

So as you can see, this stock has been beaten up pretty good over the last year.. but more importantly they used to have a dividend of $2 a [...]