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plashadpobedy

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plashadpobedy

Re: None

Monday, 06/06/2011 4:10:30 PM

Monday, June 06, 2011 4:10:30 PM

Post# of 1298
Bought STX (Seagate) puts.....

Bought (8) STX SEPT11 $18 PUTS in the last hour of trading for an avg. cost of $3.03. Last Friday, they were going for about $2.79.

STX is past it's dividend, and it looks like it's got nothing to live for. Looks at least good for an excursion below it's 200dma @ $14. But maybe a fill down to $10 by Sept? It looks like STX is slowly sinking. Below it's $16 level, the next support level is about $13/sh.

STX 15-MONTH CHART: http://stockcharts.com/h-sc/ui?s=STX&p=D&yr=1&mn=3&dy=0&id=p46321012737

I also considered DIS, but this looks better and was a bunch cheaper to play.
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