Eventually I’ll get it right

I had a little bit of cash left in my account so I bought a call in Citi (C). I’m not thinking that the stock is any better than I previously thought, I just figured that it would probably go up more likely than down in the near term. Wrong! Suck balls.

Now I’m holding one C Ju08 $25.00 call which I bought for $0.43 when the stock was at $23.44 (about $0.45 ago). This should be alright for a profit tomorrow. Not much, but I’m not looking for a big win right now.

My account value is currently $624.71 and dropping.

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Posted By: Michael

News Category: -Michael, C, E.O.D., Options, calls

 

 

One Response to “Eventually I’ll get it right”

  1. Why Citi? Why not something with a bit more momentum? Or something that’s actually liked?

    Jorge on 20 May 2008 at 7:23 am
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