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08/11/06 12:30 PM

#10767 RE: GLENO34 #10763

Glen, I think we head more down, but the Q puts will bounce us back up at some point. I exited my calls yesterday for only about 15% profit (placing a dialup order is too slow so I missed my exit). I was hoping for a bounce this morning to buy puts, but it didn't happen (and I wasn't up yet either - last business day of vacation).
Now I am looking for a low point to buy Q calls. There are now more outstanding Q puts at 36 than before!
I am hoping we get down to the 36.33 area or even lower today. The put sellers will support it with full force somewhere in here.