Friday, March 16, 2007

CSX Update

I had picked up a bunch of the April 45 CSX calls at .3 just for fun after seeing the flyonthewall bulletin and blogging about it. I just dumped a bunch at .75.. a tidy gain of more than 100% in about 1 hour. I tend to doubt CSX will be bought out. Integrating railroads is a royal pain in the a.. neck, and why? Following thefly note, noted a Transportation presentation coming up next Thursday that CSX will be part of. This is a 'to be continued next week'. The stock seems to have hit pinnage at $40 since it is expiration Friday.

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