They dont rally - DRYS, SHIP - nada nothing - they are non participants in the stock market recovery - which of course is predicated on the return of economic growth. Very strange.
Im putting on a small long position via a buywrite in MPEL - selling $5 calls at .60 and buying stock at 5.18 - its like a 8.7% standstill returnm for a month. The company just did a very large secondary offering which I think puts them on solid footing for a while. Im not putting on a full position because I think the markets going lower but Im wading in....
2 hour 12 minutes till the close - buy, sell or hold? Im just not sure today - not that being sure makes you right.right?
JB
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