Thursday, June 13, 2013

MCP

I am working on the second post as I put out these in between.

In my view, MCP is an equity long right here, if you get a chance to add at lower prices (you may want to leave some room to phase in, but that must be part of your risk management plan first) then I'm 90% sure that it would be an add to I'd take.

I am not keen on calls here unless you can structure an option long position so that it can handle some initial volatility, like you'd take care of in an equity position with a wide stop.

Existing MCP calls as I have some, I'm leaving open.

Even at this level I think it's a good entry and you may not get another chance.

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