Introducing my new aggressive 'mock' portfolio! The goal is simple; I want to virtually turn 4k into 5k in 3 months, so by the end of April, we'll see how we do! I thought this might be a bit of fun as its not a totally unrealistic 'play investment' but it'll keep me honest and I may learn something from it as well. I got the idea from a lot of these ads saying Joe Shmoe had 10,000 and bet on penny stocks to get to 1mil. Riiiiiight. I'm going to try and make my bones on real stocks and companies that are solid names, but use some leveraging strategies to try and squeeze a lot more out of it. Shall we begin? This should in no way be considered a good idea to do for real! This is risky! Thats why its PLAY
I'm going to kind of cheat here and place the C trade I mentioned last week here. For simplicity we will use the 10 options used last week. Remember, we bought the $4 option for April for $.89 and sold the 5 for $.21 so for our first $900 (the extra 10 is commission) we bought 10 Apr, 4 calls, then we sold 10 of the 5's for $200, so 700 of our 4k is in play.
Today's move is to try and get some leverage on ANR's purchase of Massey (you might remember I thought this would go through in Dec) Well ANR's drop today should be an overshot, so I'm buying the Feb 50 for 4.6, and selling the Feb 55 for $2.0 (lets do 3 of each) this will cost us 1390 and we get back 590, so $790 more is in play.
Finally a hedge lets do 20 FEB 11 calls of QID at .37 for a cost of $750
We are now 2240 of our 4k in...
Good luck and have fun!
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