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Re: was Steve post# 22815

Wednesday, 12/08/2004 12:21:02 PM

Wednesday, December 08, 2004 12:21:02 PM

Post# of 37180
OT: steve, i did very well on siri...and made an opportune exit yesterday with 5 minutes left....a bit more than opportune actually, a fortunate. my sell was at $9 and got filled at 9.18. I had held from 3.83.

i am scalping/swinging it again today with an entry @6.71 and a stop now raised to 7.50. set primarily for the same reasons i decided to exit yesterday...options suggested no way it would hit 10 and if possible, they would try to take it under 7.5 by next week. in one day, they have done that...so i expect it to be a good scalping play between now and then, but in the end, unless there is a significant shift between the OI on the 7.5 calls and put, it should close under 7.5.

and yes, it is truly a freakin' mania, driven in the last few days more by the public than institutions.

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