01/12/2010 – Margin Portfolio – Alcoa Position CLOSED – Profit $223

Well looks like Alcoa disappointed investors with their earnings report yesterday.  Of course, a 10% decline in the stock price today doesn’t really matter too much after it ran UP 15% before earnings anyhow.   Needless to say, we closed down the entire position this morning after buying back the short calls for 0.02 debit. Read the rest of this entry »