Thursday, June 16, 2005

a move, a couple more to think about

I closed out my position on Asta Funding today at $29.01. I think the risk/reward is much more balanced at this level. I'm happy with the return though. Went long here at $19.90ish a few months ago.

SHLD has bounced back a bit over the past few sessions. Today's move was largely driven by a positive initiation by Bear Stearns. From the AP report at least, not much new seems to be stated in relation to the bull case.

Also, Martha Stewart (MSO) has been on a roll of late. I'll likely go long some more Dec puts ($35 strike) if shares hit $30.


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