This hasn’t been the best of weeks to be in the stock market. Some highlights of the week:
I bought to close the options contract I created with my Level 3 (LVLT) position. In short, I placed my 100 shares of LVLT up for sale using an options contract. I was willing to [...]
CNBC asked this question on their website yesterday. I submitted a question, and to my surprise, CNBC posted it. Score one for the college grads! See if you can find it on their website.
CNBC Economic Question of the Week
I love Stephen Colbert…
Seems like the bears are winning once again today. DJIA’s down 105 points in a roller coaster session. It has not been the best week at all. Although it is fun watching folks panic left and right. The market’s not going anywhere. It will rebound soon so [...]
CNBC Alert: Trading Curbs in Effect on NYSE as Stocks Extend Declines
Sigh… another rough day and it’s only 11:30. Down 185 points and the a/c in the office is offline. Great.
Update (14:55): DJIA down 434 points
My speculative play, and my largest holding, LVLT, is down 10% in pre-market trading after they released their earnings report. Thank goodness for selling a covered call (I’ll explain in detail in my Options series sometime in the future).
From Level 3’s Investor’s Relations site:
BROOMFIELD, Colo., July 26, 2007 - Level 3 Communications, Inc. (NASDAQ: [...]