Monday, March 21, 2011

Second Lot of Xerox position aquired

Options assigned this weekend so a second lot of Xerox acquired at a net cost of $10.56.

Still looking for XRX to achieve at least $1 in earnings and confirm this in mid April earnings announcement. At $1 in earnings just a modest multiple expansion could lead to a nice gain.

Will be looking to take a more leveraged position on a third lot of Xerox via an options play if the stock falls back near $10 prior to earnings.

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