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samaelrocks

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samaelrocks

Re: 3xBuBu post# 24420

Saturday, 05/31/2008 5:53:01 PM

Saturday, May 31, 2008 5:53:01 PM

Post# of 72979
Absolutely. I reduced my risk by selling some of my June $60 calls at .35 that I purchased at .25. Not much profit but I feel good going into Monday.

IPI has been beaten down so bad that I doubt we have the cut in premium price the way it happened with some of the other plays on earnings day.

IMO, IPI will beat $60 before June's expiration. That's only a little over 20% from today's PPS.
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