Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Robin Plunder who wrote (43555)	3/24/2002 1:31:27 PM
From: mishedlo	Read Replies (1) of 99280

Robin, I was early, with puts on LEN. Fortunately I bought May puts to give myself some time. Ran several points against me and I added more puts. On the latest decline, I was smart enough to cash them out for gains. I am not sure what the smart move is. consider BZH, chart on LEN is the same. stockcharts.com[w,a]daclyyay[pc13!c50][vc60][iUb14!La12,26,9]&pref=G Are we going to put in a head and shoulders pattern? Is there enough strength (or manipulation) to put in a double top? Massive selling since 80. How the hell did this get to 94 anyhow with all that selling going on? This stock has had a pop from these stochastics every damn time. Will that continue? Wish to heck I knew. I think the safest approach is to wait for a H&S formation to form or wait until stochastics get to overbought, and then try. Another approach (but one I will not do) is to leg into the position. One has to be damn sure of that top. Although I am sure of that top, I am also a big chicken. Too big for my own good. M

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