InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,839.96
(
-0.34%
)
US TECH 100
19,717.60
(
-0.92%
)
Dow Jones
42,874.12
(
-0.44%
)
Brent Oil
73.57
(
-1.80%
)
Bitcoin
65,687.49
(
-0.57%
)
Post# of 68480
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

farooq

Send PM Follow Ignore
Followers 130
Posts 8294
Boards Moderated 0
Alias Born 11/26/2001

farooq

Re: Myself °¿° post# 43156

Friday, 01/12/2007 12:41:18 PM

Friday, January 12, 2007 12:41:18 PM

Post# of 68480
You can always write a bearish call spread so you still can keep your shares March 47 short and 48 long.
I was wrong so far; apart from few stocks most technology stocks are very strong. So buying some DEC 47 makes more sense. Pullbacks could be shallow and short. It is buy on the dip market. I am short here but I am uneasy short. There is no fundamental reason to be short, except we are over bought, which is a least reliable indicator, historically we correct near option Exp. We might have corrected in first week of month.
I am short from 45.30 and my stop is @ 45.70, I am looking for 44.60 area for today’s close.

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up