Wednesday, February 27, 2008

2/27/2008

The markets were pretty undecided today. The good news was that OFHEO, the regulatory agency for Fannie Mae and Fredie Mac, raised their portfolio limits today. This will add needed liquidity to the credit markets. Below is the current status of our covered call trades for the month of March. To see the specifics of the trade, please review previous postings. These postings are for educational purposes only. All trading involves risk. Please do not invest money you cannot afford to loose.

Account based on $25,000
Total stock purchase - $24,496
Call premium - $2575
Return 10.1%
Current value of stock - $24,754
Net month to date account value - $27,833

Talk to you tomorrow.

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