OIH and shipping Puts update and WWW does not always mean World Wide Web!

Posted by Howard
on July 20th, 2006

I am taking half my profits in my OIH puts. The index is down about 8 percent in the few days I have had it on .

I am holding my shipping puts (UPS and FEDEX). Even after the big rally yesterday and the $4 drop in oil, I am only down fractionally.

Wolverine Worldwide (WWW) closed at an all time high yesterday.

I am adding this to my portfolio. My stop is at 19.40. It is a wide stop and the maket sucks so my position size is way down.

This is a boring, old shoe company but I guarantee that once I do some checking, I will find a surging brand amongst its stable or a new distribution channel etc…

BTW – should’nt an internet company have the stock symbol www :)

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