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Joe Stocks

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Joe Stocks

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Re: None

Thursday, 05/01/2008 10:27:21 AM

Thursday, May 01, 2008 10:27:21 AM

Post# of 261
DUG - Covered call idea. Long at 32.90. Sell the MAY 33's for 1.40. 4.5% return in 2 weeks if taken out. Crude fundies seem to have weaken a bit here. With the biggies earnings reports priced into the market I expect more weakness, which would be bullish for DUG.

Today's move has been strong so it may be better to wait for a pullback.

Joe

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