On IOMG, AMTX, JMED, and CYCH
Hello Pascal, I've always played IOMG options on a scenario basis ... market forces, news events, and professional buyers/sellers determine the direction of the stock's move ... the cult/hype give strength and force to the move. Day trading is difficult on stocks such as IOMG that haven't matured and found a consistent trading range with a constant buyer/seller population. A scenario takes a week or two to complete itself ... or to options expiration depending on your comfort level. IOMG has kept me close company since Feb/March and I am still charmed by the stock (the profits have been an extra benefit). No one paid much attention to my posts on IOMG breakouts starting in Feb, except for the silent readers of this thread who are IOMGEANS. Only in recent time did the regulars become interested, and now michael is totally involved with IOMG ... like a teen-ager with a crush. Come play the IOMG game ... good times are ahead in July.
I sold JMED Jul 55 options for 5 3/8 from the airport yesterday, posted details of the trade and the second leg to come on this thread to Kevin. Take a look and tell me what you think.
On AMTX ... what is your near-term expectations for the stock, like a target price? It has no production facilities to bring its technology to fruition... no products or revenues. Yet ADSL is a given for the future ... so I sold jul 30 puts at the close of market today. The stock was trending down so hope it's not a "false base" ... not much options manipulation to be expected this month since AMTX options just started trading. Could we see AMTX trading on par with WSTL in the months ahead, or is the bubble about the burst? Ah, perhaps the bubble is elastic.
CYCH, I also track ... a glamor stock in line with market sentiment ... electronic commerce. Are you planning to buy some or perhaps some IOMG? BTW, did you ever look at the list of stocks I emailed to you long ago?
On FORE ... at the moment, perhaps CSCC is better than FORE. Thoughts? And I don't think USRX is risky ... the allure of cable modems.
PS: Grits are a wonderful dish if prepared properly. Do you have grits when you visit your friends in NC? |
