Thursday, February 21, 2008

Buy: VDSI

Haha... Rebought VDSI after its share price dropped drastically after the earnings release. Thank god I quickly sold the option right before the release. Made the right move. Note to self: remember never to risk on a pre-earnings game - it's exactly like gambling.

Stock Option: VDSI SEP 20 Call
Date Bought: 2/21/2008
Units: 300
Buy Price: 0.7
Commission: 26
Total Investment: 236
Current Price: 0.55
Current Value: 165
Return: -71
Total Return (%): -30.08474576

Yeah, it looks painful for now, but I truly believe the market has over-exaggerated the lower than expected earnings. We'll see. I'm enjoying my lessons in life.

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