Friday, May 09, 2008

20080509 0953 XRM

XRM Sold the tiny long position for small profit.

20080509 1330 UPDATE:
Left $1 ~33% on the table...
Bought 1000 @ 4.21. Will be wild if this goes to 5 and can short it.
It has options, and selling this month's puts at 5 looks tempting with premium exploding.

Risk management says I shouldn't be in this as I missed most of the (parabolic?) move. Ego says otherwise, so kept position size small.

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