Dykstra: Attention All Detractors

AIG is a similar story. I had originally picked AIG (Jan 25 calls) back on June 17 in a free column I posted on TheStreet.com. The pick stayed in play 36 days and required us to average down (or rebuy) six times for a total of 70 contracts. That means we committed a total of $41,300 to the position and came away with a $6,850 win. Remember, this method is scalable, so you can purchase one contract at a time, or 10, or 20 -- whatever you feel comfortable with.

AT&T(T Quote) was the third pick to cross the finish line on Wednesday. This one stayed in play for just five days and brought us a $1,000 win. Earlier in the week we also grabbed a win with United Technologies (UTX Quote). It was Monday's pick and scored a win on Tuesday.

When all was said and done, I racked up $15,000 with three wins yesterday and $16,000 with four picks this week.

Oh, and as for Wachovia -- it's not there just yet, but it is coming around. This pick once looked like it was left for dead, but is now back in the game. In fact, yesterday it climbed to within 80 cents of our good-till-cancel (GTC) sell price, meaning some could have sold it for a profit if they wanted to.

Remember: Life is a game, enjoy the ride.