Hi Chen: I'm sure some insiders are shorting the stock at set times
and then closing the position ( buying back in ) at a set time.
Also when buying back they re-invest the profits in more stock,
thus they trend the price up. It is importent for them to trend it
up, I'm sure they are trying hard to get it at least to 55. At 55
the one law suit aginst the inside selling last year loses most of it's punch. That they have learned, and will short sell, and buy back in colusion to trend it as high as they can is clear as day to me.
It's done in a way you could never prove it. There is no way
I will close my short position they can take it to $200 and I will
continue to buy more puts at each $5 range going up, the thing here
is the higher they take it the cheaper puts get, the more time
it takes them the more I can buy without having to borrow the money.
I have a margin account but hold nothing on margins, I never pay
intresest on any thing, not my car , home or credit card,
( I collect interest ) it would be a contradition in my life style
to take a short position/ or buy calls on anthing if I had any dept
of any kind. My short/long positions are paid from what I make on other gains I never exceed that or dig into my base. I gave up on ansd just before she crashed, I'l not make that mistake with AOL. Since asnd I'v gotten much better, I know it's not cool to brag, so I wont list my hits but I have hit some even when other option players were saying no I wouldn't short them, and at times the whole market was
going up. I'm also improving with time as I go. Right now I'v found
it hard to find as many call positions as I have short ones, as the market is over priced, but I'v have to mention TDW and ADBE as on
them I have hit every single position I'v opended ( thats rare )<G>
It's prudent to have some call stocks if you are to play puts, this can greatly hedge your position in market swings. Last month in general was a really up market, even the worst of the mutual funds made money last month, so it was hard for shorts who had no hedge.
If my long term puts don't come in I'm counting up on the leaps
( calls ) I bought on some others, to offset my short positions,
some long term calls I hold are already well in the money.
BTW with TDW and ADBE, I'v only played calls, almost took some
puts on ADBE a short time back, but I didn't as it would have
greatly over weighted me on the put side, I am more heavy on the
put side but I do try to maintin some balance with calls/puts,
as that has helped me a lot. All in all I'm slowly unwinding all
my shorter term options and trending to leaps, short term stuff
takes up so much time and once involved you have to hang with them.
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For the short term ( let me get a rush stuff ) I have moved more
to daytrading penny stocks, with them if something comes up,
I can call time out and leave them sit..they don't have ex dates
to worry about..and it seems I'm doing as good on the
pennies..but I'v not been at it long enongh to say for sure,
that I will, still they don't have that time dis-advantage.
I may always at times grab a short term put or call, but not to
the extent I was playing them..just two weeks ago I had there pages
of open option positions..crap that was getting to me, I'm down
to one page now, and still thining them out. <G>
Jim |
