With SINA dropping to 117 today, I am establishing my first long position in the stock. SINA is a Chinese internet company, and they are growing at a rapid pace. This pullback will be temporary. Still a great environment for stocks. Low interest rates, and a growing economy. SINA is going to 150+ this summer! Buying calls is the right option trading strategy.
UPDATE: Covered at 115, small loss..
Wednesday, May 4, 2011
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