Irrationally mad decision making to obtain the American Dream.

Bought SWN SEP 40 Calls – buying on the pull back.

As everyone knows oil is hitting 120’s and keeps moving higher. I really like SWN and its almost up 50% after its 2:1 stocksplit. Recently its gone up from earnings and this definitely looks like a reasonable pull back before it dips below the open from earnings. It is clearly a bullish signal after the stock has fallen two days so I bought one in the money call because that is all I could affoard.

4/29/2008 1:06:55 PM (ET):

Symbol: .SWNIH
Description: SWN SEP 40 Call
Stock: SWN at 41.71
Action: Bought To Open
Quantity: 1 contract(s)
Price: $6.10
Commission: $14.95
Reg Fees: $0.00
Net Amt: $624.95

Plan to sell at $8.10

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s