Tuesday, April 29, 2008

Very stubborn vol ...

on FRE Calls May 28s.

I was thinking it should be like 30-40c by $25.50 but now at 60c.

Not yet time to buy it back. Will buy back the call at 25-30c and then sit on my a** waiting for possibly Fed to disappoint with super harsh language before adding. If FRE tanks along with broader market because of that then I will add with the formula 200 shares every $2 down.

Getting my balls taped to my forehead at the end of this? We'll see. :)

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