Tuesday, August 17, 2010

Pot Luck Redux

(c) 2010 F. Bruce Abel

Little did I know that my Friday heading "Pot Luck" might meant "POT" luck.  Whereas I waited through a poor day yesterday and cleared out of my 10 260 July AAPL calls near the high today (still for a $600 loss),  POT got a takeover offer and soared 33 points.  Except that I sold it yesterday before the takeover, for a $4 profit.  I had 50 shares of POT.