17 March 2007

Little Spending Cash

I fired up YukTraderStation in the afternoon on Friday, returning from a much too early tee time. I logged on just in time to catch our friends at TheFlyOnTheWall reporting rumors that CSX Corporation (CSX:NYSE) might be an LBO candidate. The report was also timely posted on the TheKingslandReport. So what is a trader sitting in 100% cash to do? Buy some calls of course! Anyway hat tip to the aforementioned sources...the April $45 calls more than doubled in under two hours...jfg.

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