Okay, I’m stepping up and buying and I’m getting more aggressive…

Okay, I’m stepping up and buying and I’m getting more aggressive about my approach this time.  Specifically, I have stepped up this afternoon and have bought some Riverbed calls and some Cisco calls.  I know it’s scary out there right now and it’s very hard to pulll the trigger on purchases.  Especially to step up right now when these stocks have been beaten down as badly as they have been and it seems like they won’t ever come back to life again.  I’m not drawing a line in the sand, but I did buy calls and not common both of these names and I did buy mostly slightly-out-of-the-money calls that will expire in six months’ time rather than eighteen or twenty-four months’ time.  That is, I bought Riverbed January 2012 calls with strike prices between $35 and $40.  And I bought Cisco January 2012 calls with strike prices up to $17.50.   Both of these purchases today are very high risk/high reward because of the closer expiration dates and the higher strike prices, but they give me lots of leverage and I used just a tiny bit of capital to get what could be very big upside if the world’s economies and the stocks that reflect don’t collapse in front of our faces.

Back in a minute with a final post of the week with positions.