Sell half your August $100 call options in Korean steelmaker Posco (PKX-HT) for a 48.81% gain. But for now, hold on to the stock which is up almost 9%. Not bad for a position we entered a month ago today!
NII Holdings (NIHD) announced strong results today and it also named a new CFO. As our June $75 call options (QHQ-FO) near expiration, let’s take our profits here for a 29.82% gain. But let’s hold on to the stock for now.
Overall, global markets continued their recovery this week. The combination of dollar weakness and a "decoupling" of the U.S. economy and stock market from the rest of the world mean that 2007 is shaping up to be another strong year for global stock markets. Five out of seven of our positions are profitable, with most profits ranging between 7.36% and 12.96% in a little over two months. MICC is up 0.25% since we bought it slightly more than a week ago.
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