Wednesday, June 26, 2002 10:03:46 PM
Qwest dipped to $1.20 today
At that level the July $2.50 Calls were selling for 15 cents, the Jan 03 2.50 at 40 cents and the Jan 04 at 60 cents. I was just a bit Early with my LOD target and picked up the 03 and 04 Calls at .55 and .70. I canceled a 15 cent order for the July Calls since the Leaps filled first and I did not want the added risk. They would have filled 10 minutes after I canceled the order and closed the day at .35 bid, Ugh. It looks as though Qwest closed in Afterhours at $1.97. I am looking for a move back to at least $2.25 although $2 looks like short term resistance. I am not sure if I will take the quick profit on these contracts or hold them longer term. There is a Lot of time left on these contracts and a move back to $5 would be Huge! :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
At that level the July $2.50 Calls were selling for 15 cents, the Jan 03 2.50 at 40 cents and the Jan 04 at 60 cents. I was just a bit Early with my LOD target and picked up the 03 and 04 Calls at .55 and .70. I canceled a 15 cent order for the July Calls since the Leaps filled first and I did not want the added risk. They would have filled 10 minutes after I canceled the order and closed the day at .35 bid, Ugh. It looks as though Qwest closed in Afterhours at $1.97. I am looking for a move back to at least $2.25 although $2 looks like short term resistance. I am not sure if I will take the quick profit on these contracts or hold them longer term. There is a Lot of time left on these contracts and a move back to $5 would be Huge! :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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