Thursday, August 2, 2007

DUK - Utilities

Followed my method/process for stock/option selection. Utilities reversed up today, not bullish reverse but a technical reverse. Utilities SPDR shows a good reversal. Candle glance shows DUK to be on a good uptick with four of my four indicators positive.

Purchased 100 DUK@Market ($17.92)and 5 options Sep put ($15) to hedge. Hope to see one to five days of a growth.
Put a stop order DUK 100 in at $15.

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