Wednesday, March 30, 2005

Update on BWNG Covered Call

http://dogbowlfunds.blogspot.com/2005/03/bwng-covered-call.html

Position currently is neutral zone down 140. Believe this to be close to bottom in short term market, thus expect this position to show clean heals soon
Currently a buy and will decide between this and Covered Call on CTIC, see above.

If Called returns 36% (up 4) over 139 days, 93% (up 19) annual return.

Share BWNG 4.23
Call .QBGHA 0.55 19-Aug
Inital Size 10
Profit potential 1,320
Maximum Portfolio Risk 1%
Stop Set at 3 reduces risk to 680 or .20% portfolio risk

Old Comment Position Sizing If moves positive re-examine and look to buy 10 more. Maximum allowed 3000 shares.

New Comment This is even more attractive now, lower risk higher profit over less time.

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