Energy Conversion Devices, Inc. (ENER) Calls
January 8th, 2010
ENER once again. Sell to open ENER Feb 14 calls in my taxable account. This will bring my cost basis down to $10.60. I closed the Feb 12 covered calls in my IRA a few days ago – just to clarify things. This trade is for a different account where my cost basis is much better.
I added a 1 year chart with daily bars to put this recent run-up into perspective. There is a lot of supply in that 13.50 area so I think there may be some consolidation. I am getting more bullish on ENER though. A pullback to that 50 or 100 day SMA and I will write some more puts.
ENER Daily 1 Year