Position rolled over. May contracts closed @ 10.715. July contracts opened @ 10.970. Will work out the average cost later.
Wednesday, April 23, 2008
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“Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.” -- Warren Buffett, March 2003
Position rolled over. May contracts closed @ 10.715. July contracts opened @ 10.970. Will work out the average cost later.
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Boon
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2 comments:
Boon,
What is the benefit of rolling over your contract against opening a new one? Or is it the same thing..
Newbie
Rolling over is essentially closing your position in one contract month and opening a new one in a later contract month. You have to do that if you want to keep your position opened, before a given contract month expires or you will have the underlying assets delivered to your door.
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