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Friday, September 22, 2006

CVS Trade Update

Today I closed my position by selling the CVS Nov 30 call for an 8% return. I bought the contract yesterday speculating that CVS would "bounce." Today I got the bounce and realized a gain. CVS is still a good long term investment.

3 Comments:

Blogger The Pit Man said...

Have you ever traded Contracts For Difference?

9/25/2006 7:01 AM  
Blogger Big Ben said...

No, I have never traded contracts for difference. But it is something I would consider in the future.

9/27/2006 3:37 PM  
Blogger TJP said...

What do you think about Rite aid as a long term play? Its merger with Eckerd could pay off well in the next 3-5 years.

10/08/2006 11:51 PM  

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