Replies to post #153394 on SwingTrade Member Forum (SWING)

[Rawnoc]

Adding VMW puts.

[Rawnoc]

VMW puts, wee.

[Rawnoc]

VMW puts, weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.

[Rawnoc]

VMW puts, weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.

[Rawnoc]

VMW puts, weeeeeeeeeeeeeeeeeeeeeeeee.

[Rawnoc]

Sold my VMW puts ahead of tomorrow's cut -- they expire on Thursday so I wanted to lock in the massive % profit.

[Rawnoc]

VMW getting slaughtered today....why didn't I reload my puts?

Posted by: Rawnoc Date: Thursday, February 07, 2008 9:57:11 AM
In reply to: None Post # of 160888

Buying puts on VMW (currently 60.60) -- huge share unlock. Company disappointed on guidance on their 2nd earnings PR after IPO. Historical PE of 100, 2008 PE of 60, tech POS with a ton of competition from MSFT, HP, ORCL coming online this year. Will short this one to $30.00