Investors & Friends:
Here's a summary of our investment actions from the past week.
Option Strategies - Naked Puts
1) Du Pont (NYSE: DD) - We sold Jan '14 $25.00 puts.
2) Home Depot Inc (NYSE: HD) - We sold Jan '14 $23.00 puts.
Long Stocks
3) We speculated day 1 of the Facebook IPO (Nasdaq: FB), placing a limit order at the $38 IPO price, not thinking it would fill. To our surprise, it filled. We sold it at $41.50 later that day. In our view this is a dangerous stock. Notes: On Wednesday, short selling of shares will be permitted. Then in 90 and 180 days post IPO, the lock up period will expire for certain insiders and employees, which will unleash a torrent of selling.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending May 18, 2012.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
Here's a summary of our investment actions from the past week.
Option Strategies - Naked Puts
1) Du Pont (NYSE: DD) - We sold Jan '14 $25.00 puts.
2) Home Depot Inc (NYSE: HD) - We sold Jan '14 $23.00 puts.
Long Stocks
3) We speculated day 1 of the Facebook IPO (Nasdaq: FB), placing a limit order at the $38 IPO price, not thinking it would fill. To our surprise, it filled. We sold it at $41.50 later that day. In our view this is a dangerous stock. Notes: On Wednesday, short selling of shares will be permitted. Then in 90 and 180 days post IPO, the lock up period will expire for certain insiders and employees, which will unleash a torrent of selling.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending May 18, 2012.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
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