Thursday, May 7, 2009

SUN

I just want to give a little rationale why I purchased SUN...I think commodities and commodity related stocks will rise into summer. The trend is on my side and I would like to run with it. I think the market is taking a little breather today which gives me a perfect entry point for this one. I bought the puts just in case I am wrong. As you can see from previous blog posts, I have been neutral to slightly bearish on the markets. So buying puts for protection on any long position is the smart thing to do.

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