Thursday, April 19, 2007
Energy Conversion (ENER)
Energy Conversion Devices sees restructuring charges in Q4 which has led to a 6% slide in the shares after hours. Fortunately I went the 'house money' strategy and after the Apr 40 calls just about doubled intraday Thursday, I paired back enough of the call position to end with just house money, or the profit left from the original trade. Tomorrow's result will be a break even scratch since the Apr 40 calls are going to be worthless Friday.