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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Magnatizer who wrote (6732)5/2/2001 12:51:37 PM
From: dawgfan2000  Read Replies (1) of 52237
 
Hope you don't mind me asking you this, but are you shorting the puts, or just short via puts (as you stated).

Am asking more about why you are taking a short position against SUN ( I am presuming it's Sunoco, not Sun Micro)? Is it technically based on their recent runup, do you feel they are overextended? Or because of another factor? Just seems a little more riskier to be short the oil/gas companies going into summer.

Granted, my position in RD is lacking and I wish I was short it today. I am starting to look for my exit as this stock has traded sideways for the past 2 years.

BTW, SUN is certainly making that down move (as I hope I am interpreting as your position).

tia,

EDIT: Well, I see your other post now, but my curiousity still stands. thanks,
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