Took Profits In SMH Calls 38%

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October 17, 2007

I cashed in the SMH calls for 38% profit as I saw the market coming down and didn’t want to chance losing anymore profits on the trade. You can take this as a sign that the SMH will probably be going up another 2 bucks. I always sell these type of trades way too early. I can’t complain about an overnight profit of 38%.

I will look to buy these back if the opportunity presents itself.


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