Out of FSLR

I took my gain and sold.  Which is rare.  I’m much more likely to ride a gain to a loss than make an intelligent exit.  The exit I took was earlier than I had planned, but with the Fed meeting just a couple hours away, I figured it was better now than never.

OK, not never, just later.  The Fed will announce 25 points and the market will drop.  The Fed will announce 50 points and the market will climb to new highs.  Those are the only two outcomes.  I’m sure that most of the websites with news will already have something written up, either way.

Maybe I’ll go back and revise my posts to look like I knew what was happening ahead of time.  Nah.. I’m too lazy for that.

Sold:
FSLR Jan08 $240 call (HJQAW), 1 @ $32.50
  Entered 12/04 @ $22.00, exited 12/11 @ $32.50
  48% profit, $1,048.00
  stock price when entered $222.31
  stock price when exited $248.48

For those of you still holding FSLR, I don’t think that it’s finished going up, I just think that I had a nice ride and it’s time to find something different.