Thursday, July 3, 2008

Guns and Cash - Todays Transactions

JPM BTO 300 shares @ 35.95
STO 3 32.5Jul08 @ 4.12
Net if Exercised 1.64% - Monthly 3.17% - Annual 37.41%

SWHC BTO 1000 shares @ 5.11
STO 10 5Aug08 @ .55
Not called 10.22% - Monthly 6.6% - Annual 77.71%
Called/Exercised 8.22% - Monthly 5.3% - Annual 62.5%

JPMs price tic finally broke through its fast MA (7day) so I bought ITM because of concern for earnings announcement on 17 Jul

I bought Smith Wesson (SWHC) because I believe the recent court ruling will result in additional hand gun sales. I do not like to buy stocks for less than $15 but I have made good money on SWHC in the past and it pays good cash as a CC.

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