Replies to post #740 on Boca_Bobby Basics

[boca_bobby]

T UPDATES:

UNLCE!!!

We give up already! I was holding out for a turn around and decided to get out this morning. We sold before the big drop but still had an ugly loss on this one.

loss of 29.75%

Ouchhhhhhhhhhh

[boca_bobby]

Unbeleivable! AT&T (T) is coming back and I knew it would. I gotta just trust my charts. The options I sold for a loss with the PC Portfolio have come all the way back. We are bumping against that resistance of $25 again. A breakout above this should give us enough momo to really make a significant move.

Been a rough month so far. But we'll keep working!

[boca_bobby]

T UPDATE AND ENTRY:

I've been watching T since our last trade went down so bad. $25 was a big resistance for us and after I saw a steady climb once again I took another chance to get back in some CALLS with T.

For the PC Portfolio:

Buy 100 T July/$25 CALLS for $0.34

I think we got a great shot at running this time. I almost got back in on Friday for about $0.28 but didn't want to hold over the weekend. We closed the day @ $0.47 with a nice run at the end of the day. The next resistance of the share price is right around $26 so the downside risk was pretty small on this one.

We had a closing PPS today @ $25.22. Now we need a nice 4%-5% day tomorrow to follow this up. That would put us well over $26 and more than a double overnight for the PC Portfolio!

Go T Go