Replies to post #162 on SPECULATION STOCKS

[Gbathat]

Thanks. I think Cisco is 90 percent a tax reform play due to repatriation potential. I bought 350 option calls for Jan for under a grand. For every dollar it goes above 41, I could make 35K. High risk high reward. If tax reform stalls, I'll be lucky to get my csco call investment back, though the strong earnings report helped.

For the same reason, I bought highly leveraged calls on NTAP two weeks ago that are already in the money because of their earnings report. I would not chase that one either, but I think it will also go boom again if tax reform goes through.

I'm not advocating tax reform, but GS had odds at 80 percent last I checked. I have already cashed out 30 percent of the NTAP investment which has been 4x my call buys for both stocks. I recognize this was lucky and not a normal outcome for this strategy.

Happy Thanksgiving, and thanks for your insightful analyses on csco.