I think, as in September when it went to 1 3/4, to say: never cover, at least do not cover that early again. I also covered FP far (50%) ahead of the today's price and not at $2. I think I will cover at $4,5 as it doubles the margin requirement then when going NM.
Financials are atrocious, management is recklessly driving the alley with 160 mph, and the WorldCom time bomb, set to Dec, 2000 is defused.
But beware and keep a safety margin. In this mad cow market everything is possible and nothing is immediate: See recently CCSI, FIBR, SRCM, DCLK, ABTE, TRBD, TRBO, ... AMZN.
(I never guessed that one could make some 100-300% on fishing each of the above turd stocks in September).
C. |
