Tuesday, May 26, 2015

Slowly building a position in the VALE 2015 $15 call


Unlike most stock analysts, I don't claim to be an expert on the businesses that I gamble on.  In fact, in my first post on VALE I admitted that I don't know a damned thing about the company or the nickel mining business.  For most people that makes me a blithering idiot.  Maybe they will be right this time but I've done pretty well over time ignoring the "fundamentals" and instead making bets based only on the wave count.

In any case, I opened a tiny position in the 2017 $15 calls.  I'm not in a great hurry here but I wanted to get started.



Filled Buy to Open 25
VALE Jan 20 2017 15.0 Call Limit 0.16

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