Larry...on TWA, SYMC, ASND
Finally caught up reading the posts on the thread and saw your post to me. Wonderful that you have gained beneficial investment insights from this thread. Sad but true, some others have use the SI boards (but not this thread) to sabotage stocks or cause panic among individual investors. Rest assured that all thoughts - whether correct or incorrect - are given in sincerity on this thread.
To address your questions, here are my thoughts:
I worried you when you invested in TWA after my lead ... my timing was a bit off since it was natural that the stock would correct after doubling in price. In mid-May when TWA tanked to 15+ a novice investor would have unloaded their shares. I waited, watched the stock rebound with strength, accumulated more at 17. A true believer would have loaded up on options; they were cheap enough. Now TWA looks to be forming a solid base for the next surge up. Of course something beyond our control could come along and tank the stock, but I will hold. Good that you did not panic and dump your shares. TWA needs time.
On ASND ... you mentioned that you were nervous about trading options. This stock is a good place to start. A beginner should only sell covered calls. ASND moves in cycles ... at resistance (70) sell covered calls to lock in profits. When the stock drifts down to support (65) buy the calls back unless you don't mind having the stock called away. The June cycle was ideal for this play. Might not be good for the July cycle since the stock may split ... more likely to get called away. Talk to Perry Andrus ... he sold covered calls on ASND when I suggested it as a paper trade. Perry should be quite happy with the strategy and have pocketed the profits by now. If his position is still open, oh well.
On SYMC ... a stock that should do well when companies migrate to Windows NT.4 this fall. Companies will be upgrading their operating systems and need system utilities as well. Resistance is at 17, so it will take some effect to break thru this. Remember options expirations is next week ... so the stock is being played since it has risen from 10. Take a look at SYMC when it settles, the stock. Options now, if you are a believer.
IOMG ... I am a believer... four digits profits can do that to a person.
CBTSY and VICL ... no opinion. Don't know the stocks. |
