Well, most of the CGS stocks have already sold off tremendously today. Selling them short or buying puts on stocks unrelated to CCME other than the fact that they're CGS stocks makes no sense at this point, IMO. Your advice could very possibly cause someone to get there ass handed to them in both directions. If CCME's news is bad, it might cause more selling in the sector, but some of these stocks that are already beaten down beyond belief could just as easily bounce back from these levels...sell the rumor, buy the news type deal. It was different when CCME was heavily margined and a huge drop would cause some major selling pressure across the board, but that no longer holds water as the margin is virtually nil.
If it don't make dollaz, it don't make sense. -DJ Quik
