STEC, Inc - (formerly SimpleTech, Inc.) (STEC)

[sylvester80]

SBAuer Funds, LLC Owns Solid State Drive Manufacturer STEC: Senior Manager Picks It As A Top Stock Buy
http://www.twst.com/yagoo/auer7.html

December 24, 2009 - The Wall Street Transcript has just published GARP And Other Investing Strategies Report offering a timely review of the General Investing sector. This Special Report contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. Please find an excerpt below.

Robert Auer is the Senior Portfolio Manager for the Auer Growth Fund at SBAuer Funds, LLC. He was previously Vice President of Investments for Morgan Stanley from 1986 through August of 2007, where assets under management were in excess of 100 million in 338 accounts. During his years at Morgan Stanley, Robert was awarded the National Sales director award, which is granted to the top 10% of Financial Advisors at Morgan Stanley.

Robert has a Bachelor of Science in Business Systems from Taylor University, where he graduated in 1983. Robert was the lead stock market columnist for the IBJ, (Indianapolis Business Journal), where he was responsible for a full page weekly column for 8 years from 1996 to 2004. The IBJ, has been recognized consistently as one of the top local weekly business publications in the United States.

TWST: What are the valuations of the stocks these days? Is the market overvalued? What is your outlook on the valuation side rather than the earnings and revenue side?

Mr. Auer: The valuation of the market is not our primary concern, individual security valuation is, and that is where we spend our time and research. However, since you posed the question, we do have an opinion on it, and we think that it's interesting that most of the money in at least just this last quarter has been chasing some real borrowings. And older investors would be familiar with the phrase "the Nifty Fifty." There is certainly a Nifty Fifty little group that has been emerging, and some of the poster children for this would be Amazon (AMZN), Google (GOOG), Apple (AAPL).

When you looked across some of these larger funds and some of the funds that are doing really good right now, they all hold these same stocks. I will tell you that Amazon is year-to-date up 156% as of last night; Google is up 93% as of last night; Apple Computer is up 130% as of last night (December 15), and it will continue because no one is going to fault anybody for window dressing their funds or a manager adding those. Those are probably one of the easiest things that you could add to a portfolio. In this we would like to own those stocks, too, because they meet our growth. Just as a perfect example, Google and Apple meet our growth requirements, but we can't buy them at 12 times earnings. A stock like Amazon is trading as we speak at 80.7 times trailing 12 months earnings, and we just won't pay 80 times earnings, we'll pay 12 times earnings. And we would go up to that figure on forward earnings if a consensus is available.

We have a discipline, we stick to it and this is what we have done for 22 years, and it's worked very well. I would think some of these Nifty Fifty stocks as we've seen in other market cycles when it ends, it's a rush for the exits and it can be pretty ugly, but while it's working, you can look very good. Google last week had a new 52-week high. And not that Google isn't a wonderful company, but to us it's not a good stock. We try to separate out the two - we want a good company and a good stock. Other people seem to like to just buy good companies, but they pay no attention to what they're paying.

TWST: What are some of the stocks you feel are representative of your active growth approach. Why do you find them attractive?

Mr. Auer: I'll give you three, and I'll try to be brief as possible. Cubist Pharmaceuticals (CBST) would be one that meets our criteria. They have an antibiotic that is for staph infections and it goes by the acronym MRSA. This is running rampant in hospitals, and it's a very tough skin infection bacteria to treat with regular antibiotics because it's mutated to the point that the other antibiotics are becoming less and less effective. And Cubist has a drug that is highly effective against it. It's actually kind of the last stop before maybe the patient's even heading for death. They will use this drug produced by Cubist, which has to be given intravenously but it's highly effective.

The sales of this product literally went to 100 million, 200 million, 400 million, and the company is now predicting that the potential is now to do at least a billion per year. Yet the stock is trading at about 10 times earnings, growing at 35% to 40% per year on earnings, and the sales have been going up even at a higher clip than that. That's the first idea that's in our portfolio.



The remainder of this 59 page GARP And Other Investing Strategies Report can be immediately viewed by purchasing online.




--------------------------------------------------------------------------------

The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This 59 page special issue is available by calling [phone] or via The Wall Street Transcript Online.

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

[sylvester80]

First big test is coming up at $16 at the 50 SMA. If we can get over that then it's nothing but air till the 200 SMA at $21+...and rising.... Good luck to all.

[leemalone2k3]

You are in great shape right now.

[sylvester80]

Here is where I went long..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44621521

I may look for some covered calls if we hit $16 today. But not for all the shares.

[leemalone2k3]

The gap I want to see filled is the gap down on earnings in early Nov. Even if it fills half of that gap, most would be happy. As I stated, all I need is for STEC to stay above 15.00 and I'll collect a nice premium, and I have downside protection to 13.75. I'm already up 30% on this trade so if it pulls back, I should still be able to make a decent profit.

Im not sure where you went long, but have you considered selling some covered calls to protect your position? Its a nice strategy if you believe there may be a pullback.

[realfast95]

Posted on 12/23/09 at 11:56am by Monica Gerson Analysts at JMP Securities maintain their "market outperform" rating on EMC Corporation (NYSE: EMC). The target price for EMC is set to $21.

According to JMP Securities, EMC is expected to beat the revenue expectations while meeting the EPS expectations for Q4. Channel checks indicate that the order trends are improving for the company, the analysts say. However, the growth rate of EMC’s mid-range Clarion line of products is likely to have softened during the quarter due to increased competition, the analysts add.

EMC is a leader in enterprise storage and a primary beneficiary of the move to next-generation data centers, the analysts say. The visibility into the company’s growth prospects are improving, JMP Securities adds.

[sylvester80]

I'm long and I have to say that I wish that gap at $14.15 would have filled today. I would fill much stronger for the up move today. We got close but no cigar. Have no idea what the criminal MMs have in store with that gap. But considering that the market has been on a tear and has left many gaps open for itself behind I would be careful if it decides to retrace some of that soon. Good luck to all.

[leemalone2k3]

Lets see if that gap fills.

[JJBenzo]

Good move I think we could see a short squeeze here

[leemalone2k3]

I sold 20 Jan 15.00 naked puts the other day for 1.25/contract. If STEC stays in this range by Jan expiration then they will expire worthless for 2500.00 gain. Pretty good risk/reward if you are willing to buy the stock at 13.75.
gl,
lm2k3

[realfast95]

next resistance 15.34 then 16.74

[sylvester80]

Broadpoint starts STEC with buy, shares rise
Gowri Jayakumar
BANGALORE
Tue Dec 22, 2009 1:26pm EST
http://www.reuters.com/article/idUSTRE5BL3JT20091222?type=globalMarketsNews

BANGALORE (Reuters) - Broadpoint Amtech started coverage of solid-state drive maker Stec Inc (STEC.O) with a "buy" rating, saying the company's first-mover advantage will be sustainable for a longer-than-expected period, sending its shares up as much as 8 percent.

Hot Stocks

The enterprise solid-state drive (SSD) market is expected to expand from $246 million in 2009 to $1.4 billion in 2013, analyst Dinesh Moorjani said in a note to clients.

SSDs are viewed by many as the future of the disk drive industry as they are faster and unlike hard disk drives have no moving parts, making them sturdier.

Moorjani said while competition was inevitable from hard disk vendors, NAND suppliers and other entrants, he does not expect any material impact in 2010 and sees no real competition to Stec's flagship ZeusIOPS product.

The analyst expects a 24 percent growth in earnings per share and a 21 percent revenue rise in 2010 for Stec, driven by strength at customers.

Stec counts hardware original equipment manufacturers such as IBM (IBM.N) and Hitachi (6501.T) among its larger customers.

The analyst said Stec shares have fallen 67 percent from their September peak of $42.5, hurt by competitive concerns and cloudiness in business with EMC Corp (EMC.N), and the pull-back was an excellent opportunity for investors.

The stock has risen over 250 percent in the last 52 weeks.

On December 7, disc drive-maker Seagate Technology (STX.O) unveiled its first SSD, getting into a nascent but potentially lucrative market.

"We are going to a crowded space for Stec, so the dynamics of the market have changed," Wedbush Morgan Securities analyst Betsy Van Hees said.

In September, Stec Chief Executive Manouch Moshayedi told Reuters that 2010 would witness the entry of new competitors into the company's core enterprise storage business.

"I think 2010 will end up being a good year for them," Hees said and added it would probably be off to a slow start, considering the inventory overhang.

Shares of the company were trading up 5 percent at $14.64 in afternoon trade Tuesday on Nasdaq. They touched a high of $15.09 earlier in the day.

(Reporting by Gowri Jayakumar; Editing by Unnikrishnan Nair)

[realfast95]

Broadpoint.AmTech Starts STEC (STEC) with a Buy

Broadpoint.AmTech initiated coverage today on STEC (Nasdaq: STEC) with a Buy rating and $23 price target.

The firm said the SSD market is still in the early stages of a secular growth story and is expected to expand from $246M in 2009 to $1.4B in 2013, a CAGR of 54%. The also said while competition will come, STEC first-mover advantage is sustainable.

The firm is forecasting EPS growth of 24% in 2010 driven by customer ramps.

The firm concluded, "STEC has declined by 67% from the September peak of $42.50 due to competitive concerns and near-term cloudiness in the EMC business. We view this pull-back as an excellent opportunity for investors to build positions. Catalysts include ramps at other tier one OEMs, EMC inventory issues getting resolved, and continued expansion of the enterprise SSD market. At $13.95, STEC trades at 5.7x our CY10 EPS estimate of $2.01, plus $2.54 in net cash."

[realfast95]

Analyst new coverage

STEC Inc STEC Broadpoint AmTech Research Buy $23

[sylvester80]

>>>>I loaded big time at $11.45 as a chart that I follow shows near there to be major support. STEC needs to get over $14 to break the downtrend from $42.5 however. I think we are heading for a test IMHO. Do your DD.

I was right on the money with that call... STEC is ringing a big Xmas for the wife...LOL :)

Watch out if this baby gets over and closes above $14 (preferably for the week). Cause if it does... the $20s are next... and fast...

[stocktrade58]

It most certainly is, heading right toward $14.00 with some very nice buys

G/L

[realfast95]

This interview with Wozniak for Fusion-IO is helping STEC.

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=17240736&src=finance&ch=633473

[sylvester80]

Thanks. But April 2008?? I'd say that the analyst was wrong as no confirmation was ever made... and it's been a year and a half since then... STEC is mainly strong in the enterprise. That would be the 1st I've ever heard of them having a win in the consumer market. I don't discount it, and I wish it was true, but that we would need a confirmation from either STEC or Apple and one never came after more than a year and a half.

[Picassa]

http://blogs.barrons.com/techtraderdaily/2008/04/28/stec-reportedly-wins-macbook-air-solid-state-drive-biz/

[sylvester80]

STEC is in the enterprise (their drives pass the 9-9s of reliability, longevity etc.. etc...). I don't think Apple uses them in their MacBooks. But if you have a link that says otherwise I'd appreciate it. Thanks.

[sylvester80]

Looks like Cramer again marked the bottom. What a moron he is. He recommends stocks that are at their top and trashes stocks that are at bottoms. He is the best contrarian indicator that moron.

[sylvester80]

I loaded big time at $11.45 as a chart that I follow shows near there to be major support. STEC needs to get over $14 to break the downtrend from $42.5 however. I think we are heading for a test IMHO. Do your DD.

[sylvester80]

Nice move today on the face of markets down. Did STEC hit 13.32 today?? That's what I show as high for the day. It must be wrong cause I don't think it traded above $13...

[Picassa]

I expect that Apple (which already uses STEC drives in its Macbook Air, and I expect will use STEC in any tablet product), IBM, HP, and others will up their usage of solid-state drives and STEC. STEC is two years ahead of any competitor in the technology and basically has a monopoly in the space. With $2 per share in earnings expected next year, even with the problems with EMC, the company trades for barely six times next year’s earnings amid 20% growth. I own the shares here.

[Picassa]

I like the story here....

he rise of SSDs is bad news for hard drive giants Seagate Technology (Nasdaq: STX) and Western Digital, but clearly good news for Intel and Sandisk (Nasdaq: SNDK), who should benefit both from their own SSD sales, and from healthier flash memory pricing. Enterprise SSD maker STEC (Nasdaq: STEC) is another name to keep an eye on. STEC's shares recently took a hit due to inventory issues with EMC, but the company remains a market leader, and its valuation is suddenly reasonable.

As flash memory costs keep dropping at a much faster clip than hard drive costs, it's safe to assume that SSDs are going to find themselves in a lot more PCs, servers, and storage systems. The transition might take time, but SSD makers can expect steady growth, and it's not crazy to think that in less than a decade, we'll be looking at hard drives the way that we now look at tube TVs

[Sola Fide]

Ah, I recall coming across that site before as well, but have not followed it.
Hmm, wouldn't be unlike Cramer to be short and helping his cause now would it....
Either way, a helping hand for the short covering.
Checked Shortsqueeze, short position is down quite a bit (apprx 16%), now only shy 40% short.....lol.
Should anticipate some more raids I'd guess, going with the flow could be profitable for the gutsy nimble trader.

[realfast95]

This is what I was referring too

http://www.thelion.com/bin/forum.cgi?sf=STEC

BTW Jim Cramer shot down STEC again in tonight's Mad Money lighting round. He said they missed their earnings and picked INTC as the alternative.

[realfast95]

I don't think that was the board, but thanks for looking.

I found this on investorvillage
Msg 1205 of 1210 at 12/2/2009 12:39:34 PM

STEC defended at Wedbush
theflyonthewall.com: STEC Inc shares defended at Wedbush

Wedbush said shares of STEC Inc (STEC) are down on old news that Micron (MU) plans to enter the solid state drive market. The Micron news is related to SSD drives for the notebook and desktop PC, which is not a market STEC Inc is in. :theflyonthewall

[Sola Fide]

I'll check....I think I have it.
Really volatile...these quick little raids to suck up cover shares I suspect.

[realfast95]

Yeah that sucked. Anyone have a link to that chatboard Lion or something to that effect? I have it on my home PC but not here. TIA

[Sola Fide]

Taking a hit all of a sudden...Bear Raid?

[sylvester80]

STEC Enterprise Solid State Drives (SSDs) Now Qualified Across Fujitsu's Storage System Offerings With Latest Integration Into New ETERNUS DX80 Platform

http://www.benzinga.com/pressreleases/g48539/stec-enterprise-solid-state-drives-ssds-now-qualified-across-fujitsu-s-storage-

Posted on 12/01/09 at 9:26am by Benzinga Staff

SANTA ANA, Calif., Dec. 1, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq: STEC) today announced that Fujitsu Storage Systems has qualified the industry-leading ZeusIOPS within the innovative design of its recently announced DX80 Storage System. The DX80 offers Enterprise customers high performance in an entry-level storage system. The integration further expands Fujitsu's SSD deployment of STEC SSDs from the high-end ETERNUS DX8000 and mid-range ETERNUS DX400, where ZeusIOPS performance advantages are also being leveraged.

Fujitsu and STEC had previously performed extensive qualification and integration work in the process of designing the ZeusIOPS SSD into several ETERNUS storage platforms. Adding on to this by qualifying STEC's SSDs into yet other Fujitsu platform was part of the natural progression of integration efforts between the companies. STEC has consistently been able to demonstrate how the high-performance attributes of ZeusIOPS are relevant and add value to Fujitsu systems including its entry-level ETERNUS DX80 series.

"The improved performance and Enterprise reliability afforded by STEC's SSDs within our systems allows for easily managed system configurations that help our customers achieve lower operational cost through better overall performance," said Tetsuro Kudo, Senior Vice President of Storage Systems, Fujitsu. "Because of these enhancements, we are seeing more of our customers becoming interested in SSD technology as a part of their systems, including at the entry-level."

"High-performance is not an attribute reserved only for the high-end of the Enterprise Storage spectrum -- Delivered in a cost effective manner through SSDs, it can be incorporated into all classes of systems," said Manouch Moshayedi, Chairman and Chief Executive Officer of STEC. "Our qualification across multiple Fujitsu platforms offers a good example that our SSD technology is an important enabler across various levels of Enterprise systems. We believe this is yet another step forward towards achieving our goal of widespread adoption of SSDs throughout the Enterprise."

About STEC

STEC, Inc., with headquarters in Santa Ana, California and offices around the globe, designs, manufactures and markets high performance storage solutions. The company's product portfolio includes the industry's broadest SSD offerings. For more information, visit the company's web site at http://www.stec-inc.com

The STEC logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1079

STEC is a registered trademark of STEC, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, statements concerning the capabilities and performance of STEC's SSD products, customer interest in SSD technology, the benefits from integration of SSDs across Fujitsu's platforms and widespread adoption of SSDs. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. Although STEC believes that the forward looking statements contained in this release are reasonable, it can give no assurance that its expectations will be fulfilled. Important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are detailed in filings with the Securities and Exchange Commission made from time to time by STEC, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The information contained in this press release is a statement of STEC's present intention, belief or expectation. STEC may change its intention, belief, or expectation, at any time and without notice, based upon any changes in such factors, in STEC's assumptions or otherwise. STEC undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

CONTACT: STEC, Inc.
Mitch Gellman, Vice President of Investor Relations
[phone]
[e-mail]

[sylvester80]

That's what everyone expects, especially that 15 million of short shares (almost half of float)... it could happen alright... but I've learned that what most people expect, wall street criminals have a way to prove them all wrong... $17+ is my guess (and nobody expects that) without the stock breaking below $12... time will tell...

[sylvester80]

FWIW, I doubled my STEC holdings at 12.20 on Wednesday... my average is at 12.50 now... good luck and do your DD...

[sylvester80]

Could STEC have seen a bottom Wednesday?? Possibly... Friday it came close to retesting the 12.16 level held above it. To be sure, it first needs to take out $14 with conviction to confirm... time will tell... up trending channel intact... bottom of channel was hit at $12.16... mid at $17+... top at $22+... do your DD...

[sylvester80]

Barry Burke Interview - Enterprise Flash Drives

http://community.emc.com/docs/DOC-1493;jsessionid=512B89A527CAE9C97C63F1B22751BF8B

[sylvester80]

Saving Money with Solid State Drives
November 24, 2009
By Drew Robb
http://www.enterprisestorageforum.com/technology/features/article.php/3849561

Solid state (SSD) and flash drives are everywhere, thanks to high performance and falling prices.

SSD prices are still an order of magnitude or two above that of hard disk drives, but data storage vendors nonetheless seem to have grasped how to present the concept so it sells. Still, recent news of order delays at EMC (NYSE: EMC) — the largest customer of enterprise SSD maker STEC (NASDAQ: STEC) — suggest that SSD adoption might not be quite as rapid as its biggest proponents had hoped.

But the sales growth has still been impressive, even more so considering that it's occurred in the worst recession since the 1930s.

Lou Przystas, a senior advisory consultant at the corporate executive briefing center of EMC, served up a good example of how vendors expect to entice everyone to jump aboard the SSD bandwagon.

He laid out an example within an array to highlight how SSD will initially replace Fibre Channel (FC) disks — at least to some degree. And helped somewhat by SATA too.

The original 55TB configuration of the array consisted of 244 FC disks, each with 300GB and running at 15k rpm. By reducing the number of FC disks to 136, adding 32 1TB SATA disks along with eight 73GB SSDs, you arrive at the same 55TB capacity. On top of that, however, you get a whole lot more lot more performance, lower power consumption and reduced cost.

This is accomplished by implementing tiers of storage. SSD isn't cost effective enough or big enough in terms of capacity to dump everything on it. And it's unlikely that this will happen, at least in the near term. What should be done, then, is to put performance-critical data on flash, as well as key applications. Przystas even suggests loading key parts of a large application on flash and having the rest of the application run on lower storage tiers.

EMC will soon add automated tiering to make the most of flash drives, technology that's also offered or planned by other vendors.

With smart use of SSD and SATA in the above scenario, the end result is 28 percent fewer drives, 60 percent more drive IOPS, 21 percent savings in power and cooling, and 17 percent lower drive costs. The numbers in terms of IOPS are roughly 80 IOPS for SATA, 160/200 IOPS for FC and 5,000 IOPS for flash.

A big reason for these gains is the parallel read capability of flash that delivers an access time of 1 ms or less. The fastest FC disks, on the other hand, have response rates anywhere from 10 to 60 ms. Further, if done right, there is little performance deterioration on flash during heavy usage — unlike FC, which chokes off badly above a particular point. The worst flash is likely to get under the heaviest loads is an access rate falling to about 3 ms, which explains flash's appeal for top-tier storage and applications.

As for fears that flash isn't as durable as disk, Przystas pointed out that EMC offers the same five to seven year warranty for flash as it does for SATA drives. And he expects that to go up over time.

Although SSD costs are high, they have come down a lot during the last year. One SSD equals the IOPS of 30 15k FC disks. By setting up SSD for the fastest applications and the most heavily used data, FC for the second tier, and SATA for volume storage of less frequently accessed data, big gains can be realized.

A real world example concerns an Oracle-based transaction telecom billing system. By swapping 4 percent of the FC drives to SSD, the response time was lowered by 60 percent. In this case, swapping 16 out of 384 FC drives to flash resulted in big gains. The original FC disks with striping for performance could manage 12 ms at best. Flash brought that down to 1 ms or less.

"Transaction-intensive applications with heavy IOPS on reads are great for flash," said Przystas.

How about price? While most try to compare flash with hard drives, that is missing the point. The real comparison for now concerns flash with RAM, with the former being about 50 times less expensive. The latest SSDs even harness RAM to speed up writes, which was an early criticism of the technology. EMC predicts that flash will be priced very close to the cost of FC in about three years. When that happens, disk sales could be in trouble.

"Flash is revolutionizing the industry," said Przystas. "There will come a time when we are saying, 'Remember when we had spinning disks?'"

[realfast95]

From Barrons

November 24, 2009, 11:32 AM ET Stocks That Could Bring a Bounty in 2010

By James Altucher

It’s Thanksgiving and basically the year is over. If you’re working on any deals, it’s unlikely they will close before year-end. If you own stocks, you might have a nice run-up by the end of the year. But I’m most thankful for the stocks and economic realities that I think will drive performance in 2010.



2.) I’m thankful the company that has a monopoly on solid-state drives, STEC, recently collapsed. I had previously recommended STEC earlier this year at TheStreet.com when it was trading in the $5s. I then sold it in the $9s, only to watch it, sadly, go up to $42. In its recent earnings report STEC stated that its largest customer, EMC, was sitting on a pile of its inventory, suggesting that EMC might not be as large a customer in the coming year.

I expect that Apple (which already uses STEC drives in its Macbook Air, and I expect will use STEC in any tablet product), IBM, HP, and others will up their usage of solid-state drives and STEC. STEC is two years ahead of any competitor in the technology and basically has a monopoly in the space. With $2 per share in earnings expected next year, even with the problems with EMC, the company trades for barely six times next year’s earnings amid 20% growth. I own the shares here.

James Altucher is a managing partner of Formula Capital, an alternative asset-management firm, and an author on investment strategies.

[Sola Fide]

Shorts are definately the winning position on STEC.
Been keeping watch for more form 4's and there havn't been any..
Looking more likely they are going to push it down to fill that gap to the $10 area.

[realfast95]

A real good write up.

http://seekingalpha.com/article/173533-stec-revisited-will-it-go-from-good-to-great

[daytrader2008]

STEC needs some management TLC for its shareholders--interview, pr's on updates etc. This could pop

[moores2009]

stec holding some green, my dec. 14 calls are green, im up about 10%

[daytrader2008]

STEC chart is on my Bottom Play list

STEC

[moores2009]

welcome, I hope we see a nice bounce next week.

[Sola Fide]

Thanks for the lead...I'll have to check it out...

side note...c'mon Stec...push into eod...lol

[Sola Fide]

Yep, thats the way I figure it / hope to do here, the 15's are freebies from some of yesterdays gains :), 14's I'm holding tough on the bid @ bottom unless I see some block buying come in. Probably should be watching some Dec as well....hmm

[moores2009]

you almost have to daytrade them now to avoid the decay on the nov. options, the other play I was in was decaying about 20% a day the last two days.

[Sola Fide]

Should be a nice play, I snagged some nov $15s and on bid for $14s (probably have to step up)...looking for the bounce volatility.

[moores2009]

today I loaded up on some dec. 14 calls

[Sola Fide]

Going to be a hard bounce...