Friday, February 15, 2008

First Solar at the close (FSLR)

We didn't do anything (if we were going to we would not have mentioned it), that 220 strike was looking pretty juicy though, wipe out both sides and all.

And why, you may ask didn't we mention the kamikaze (expiring) calls?
Have you ever been right on the move but had your action expire three days earlier?
Me too. Times a thousand. Eventually you learn.
Wash, rinse, repeat is not a good mantra with a wasting asset.

Or, as one of my mentors said: "There are hundreds of ways to lose money in the market, try to avoid repeating it after you learn one".

FSLR $219.39 close.