The limit order I spoke about yesterday hit this morning.  I sold 19 FBR Jun08 5 Calls for $262.75 in an IRA account.  My average basis for these shares is now 6.95.

I keep selling Call options on these shares thereby reducing my basis.  I suspect that one day this stock will rebound, resume paying dividends and make me a happy camper.  Or, maybe that is just wishful thinking.       More likely, I will continue to reduce my basis until I am ready to let it be called away.