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Re: wadegarret post# 129067

Friday, 11/05/2010 12:54:45 PM

Friday, November 05, 2010 12:54:45 PM

Post# of 173708
AGM - I actually sold my 50 Nov $7.50 calls today when I started to see some weakness. I bought them when the stock was trading below $11 though, so decided to take profits.

With AGM, positive earnings are usually met with selling and a drop in share price. It doesn't make sense, really, but there just isn't much interest for some reason.

Still, I bought some $15 Nov calls today and will hope for the best. With core earnings of .50 or more and a good Q in derivatives, there could certainly be some upside.

This is a well-run Company that has made significant strides in the past few years (post Lehman/Fannie debacle). It should carry a much higher share price, so maybe we'll get there this time around.

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