Decided to sell GSK after I learned my lesson last time - don't be greedy. As I saw GSK approach the Fibonacci line like the last time after the Warren Buffet buy, I quickly sold it. Mere minutes after I sold it, the price jumped up and went past the line! Argh! But oh well, I'm still sticking to my investment principles and not succumbing to greed. That's the Golden Rule.
Stock Option: GSK JAN 2009 40 Call
Date Bought: 2/11/2008
Date Sold: 2/26/2008
Units: 100
Buy Price: 5.8
Commission: 26
Total Investment: 606
Sell Price: 7.4
Final Value: 740
Return: 134
Total Return (%): 22.11221122
Not bad I think - 22% in 2 weeks. But still doesn't cover my major loss. Ah well.
Keep learning!
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