dwslater > Trade Notes

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As of: 11/30/08

Member since: Mar 07

Bought to Open 8 contracts of KO KK at 3.50

KO KK Loading... []

Users Bought (30 Days) 1 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap Loading...
52-Week High Loading...
52-Week Low Loading...
10 Day Volume Loading...
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EPS (Trailing 12 Mos.) Loading...
Transaction: Bought to Open
Symbol: KO KK
Quantity: 8 contracts
Price: $3.50
Value: $2,800.00
Stop Order: No @ $N/A
Target Price: $4.50

I don't know what I was thinking.  Yeah I do.  Big pull back on a quality stock.  The stock keeps on pulling back though. 

 I don't think the CCH mess is that bad but their just isn't that much hope in the market.

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Trader Bing

Member since: Feb 08

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Trader Bing
Yes. my thought was the same.  Pick up a quick in and out on a quality stock.  There is always the next trading day.
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dwslater

Member since: Mar 07

5 Day -12.33%
15 Day -12.33%
1 Month -12.33%
3 Month -93.86%
6 Month -99.51%
As of: 11/30/08
Trades 84
Trade Notes 22
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Age: 20's
UNITED STATES
dwslater
I got to give up and sell though. Can't bring myself to do that just yet. Hoping for a little bump on heavier trading in the whole market tomorrow.  Going to sell by the end of the week regardless
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Trader Bing

Member since: Feb 08

5 Day 0.00%
15 Day 0.00%
1 Month -26.06%
3 Month -41.14%
6 Month -37.52%
As of: 11/30/08
Trades 366
Trade Notes 1
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Trader Bing
Well, we have a big morning with Housing starts, PPI, and Industrial production before the bell.  I hope you have a great day.
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Gordon Gekko

Member since: Dec 06

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Real Estate Appraiser
Age: 20's
Sacramento, CA
Gordon Gekko
Good company, but I think the high corn prices will hurt Coke and Pepsi.
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dwslater

Member since: Mar 07

5 Day -12.33%
15 Day -12.33%
1 Month -12.33%
3 Month -93.86%
6 Month -99.51%
As of: 11/30/08
Trades 84
Trade Notes 22
Blog Posts 1

Age: 20's
UNITED STATES
dwslater

Just wanted to add one more thing here.  I think KO has hedged its corn inputs through the end of the year.  Their isn't that much in the concentrates that they sell.  The bottlers feel the most impact there.  I think it is just the market sentiment toward any industry that take a commodity input is negative on the inflation woes.  Banking is terrible now as well so two thirds of the market are just bad right now.  KO January calls are real cheap right now.  I am considering getting back with a longer timeline.

 Took a 30% hit on this trade because I didn't follow my own rules.  but oh well.  you live and learn.  Got in and out on a couple good trades after I left KO behind so I'm not too down.

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