Tuesday, March 4, 2008

3/6 PBW and more

Hey everyone

PBW is testing 20 for the third time in a month. A couple of days ago I suggested a 21 straddle and that trade looks like a winner on the put side of things. I would actually look to sell the put at a profit at this point and ride the call. For disclosure purposes, I own a 22-24 June call spread that I still feel positive about.

Buffett is the richest person in the world. That is not surprising. The diversified but focused investment approach is in my opinion the best.

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