New Purchases for Portfolio

Alright after taking a day off and missing out on a 100 point swing and fucking up on selling WCI and its options lets do some buying.

We have 20,245.40 dollars.

We own SIRI for 947.76 and we own call options on EJ still. Besides that its time to make some purchases.

I will follow my gut and go with some of our "Top Plays for Fed Cut"(post below).

1. ETFC - 3.97 dollars per share. Invest 3,000 dollars so we have 756 shares.

2. IFC - 7.42 dollars per share. Invest 3,000 dollars so we have 404 shares.

3. Tivo - Law is my first love and from what I am reading it looks like they might win their lawsuit with Dish tv for violating copyright laws. If they win the case, the stock should surge. I think its a good bet.

6.85 dollare per share. Invest 3,000 dollars so we have 438 shares.

4. CROX - Got to credit Fast money for pointing out the amount of people short in this stock. With the fed cut coming, the retail will climb and shorts will be squeezed. This is to easy of a short term play.

29.12 dollars per share. Invest 3,000 dollar so we have 103 shares.

This leave us with 8363.64 dollars but we must take out 16 dollar(4 trades, 4 dollars each) so we are left with 8347.64 dollars left.

Now lets go option hunting:

1. WCI - We messed up by selling the option at 2.85 cents per share. It has since gone to 3.00 dollars even per share. We are buying back in for 2100 dollars, so 3 dollar per share is 300 dollar per contract, so we own 7 contracts on WCI.

2. ETFC - March 08, 6 dollar strike price call option. Valued at 10 cents at this moment(would need 50% stock rise). We are buying in for 2,000 dollars, so 10 cents per share means 10 dollar per contract, so we own 200 contacts on ETFC.

3. CMC - Optionmonster.com has shown me this one. The option activity on this stock is unreal. There are few times I invest in a company I don't know everything about but there is something going on here. The stock is at 25.98 as we speak(down to 25.67 in after hours) but people are thinking this thing is jumping so lets get in on it. All the action is in June so we will go there as well. We will buy the June 08 Strike Price of 35 dollars call option at 80 cents per share(80 per contract) for 2000 dollars which means 25 contacts, and will also follow the herd and buy the June 08 Strike Price of 40 dollars Call option at 30 cents per share(30 dollars per contract) for 2,100 dollars which means 70 contracts.

Total expense on options will be 8200 dollars worth but the total cost of the transactions will be 24 dollars.

We are left with in the bank 139.64 dollars.