KLAC.. bearish on this and that's not because I have the KLAC 25 puts but because I have ALWAYS, ALWAYS successfully been an intraday shorter of KLAC after spike highs and in getting the targeted support levels. My weakness has been in some greediness by wanting to go below my target and leaving puts over that are losing value when they were already doing so well. The same with QLGC.. no trouble at all getting it below 20 target but a little greediness for yet a NEW POSITION spoiled a perfect record in QLGC on the short side. Discipline just covering the short side and calling it a day, is not my strong point and I have to keep to my trading targets.
I let ROOM (I didn't see EXPE) slip by before I left yesterday and had mental target for 28.25 for QCOM and just didn't want to pull the trigger, even my alert went off and a chose BAC and WM because of the upgrade yesterday (a surer thing, in my opinion).
If I could analyze this, its simply that I have more confidence in holding stronger plays than bottom fishing for weak plays, even if the weak plays end up doing well. I certainly think that the trader should be a 'thinker' and 'analyzer' and planner. (maybe that's from my teacher discipline and lesson planning for years) The positive aspect of this trading style is that I never "try anything" "taste anything" or rarely cancel my buys or sells or scan for junk that means nothing to me.
