Hi Ramsey: I may buy some 37 1/2 myself, but will wait till they
come down to 3/4 or less to buy them..What do you call the roof
when you talk about the roof..you also should talk about the
floor or your just flapping in the wind..now the roof has been
getting progressivly lower, 44, 42 , 40 and it's at 38 now..
so if you mean she might top 38..well that can happen, but I
doubt 40, the floor is 33 or 32..but it's not strong..if she
breaks down through the 32 level she will drop fast..if she
could get up above the 40 level then she might go again,
but for the time I see her going from 32 to 38 range, untill
about march 5, then likly falling down to the next support
level..and testing about 24..before march ex date..but ending
about 30 by ex date for march..if she is lucky. April will
be as bad..she is a $10 or $12 stock by rights, just to many
embarased mutual fumbdums right now don't want to admit
they goofed..but they will get over that soon enough, meanwhile
you can play her both ways, just accumulate jan puts with the
profits, as she will dump really good by then.
I'm just small time but have $5 grand in puts right now, and
I wouldn't if I had not done my home work, as I'm a cheap
tight wad with my money. This has been my best play so far
this year..I'v lost money on two sets of put's but hit real
good on 3, and hit one call so far.
don't pay over 3/4 for that call..and don't count on her topping
38..sell it if she make 36-1/2..or at any price if she starts
back down before that..if you try to make to much off of it, youll
lose it all.
jim |
