Dykstra's Deep-in-the-Money Call: Delphi

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News that Wachovia(WB Quote) chief exec Ken Thompson had been pushed out by the board Monday morning rippled through the market. The Dow shed 134.5 points, while the S&P fell 14.71 points and the Nasdaq sank 31.13 points.

However, amid the selling, Tesoro(TSO Quote) got logged in the win column. Tesoro was my featured pick on April 23. The company had been getting absolutely hammered and I thought it was an absolute steal at that price back then and would put me in great position to grab a win. However, Tesoro required a little more commitment and intestinal fortitude.

At 40 days, Tesoro stayed in play longer than any of the other wins to cross the finish line so far in the 2008 season. That's not that long because we typically go out four to seven months with most of the picks. However, Tesoro also required a few rebuys. ...