Tuesday, March 4, 2008

Sell - SIGM

Made another HUGE Loss:

Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Sell Date: 3/4/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Final Price: 3.3
Final Value: 330
Return: -326
Total Return (%): -49.69512195

Woo! Another major loss to add to my lessons-to-be-learned. Lesson here, remember, never, ever, ever hop into a price drop right after the bad news is released. Because, things will always go down, down, down before it goes back up, up, up. REMEMBER!

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