AI
Thursday, December 11, 2003 11:57:32 AM
ADBE we suspected after ADBE stalking and trading 4 sessions, would be the 'earnings run' I'll be in the trading room after lunch to discuss the position or our "calls" and long earnings plays and others that have triggered. Cheesh! waited for BMET but we had our cake (short) and now we ate it too (tong)
Notice in our description of our ADBE play we said it was in the same place as it was last quarter in front of the report.
ironically its trading almost exactly as it did before last quarter's steller run, which is what we did as well (shorted in front of the report and bought the calls into the report reversing direction). This time though I'll still hold some puts for a hedge but very long and very strong lots of our earnings plays NONE gapped up. The are not the "most active list" <g>
Notice in our description of our ADBE play we said it was in the same place as it was last quarter in front of the report.
ironically its trading almost exactly as it did before last quarter's steller run, which is what we did as well (shorted in front of the report and bought the calls into the report reversing direction). This time though I'll still hold some puts for a hedge but very long and very strong lots of our earnings plays NONE gapped up. The are not the "most active list" <g>
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