"Let's do a poll: How many think we're headed to the low-mid teens for now???"
SW,
I think it all depends on the market.
My bet, Dow has another 500 points to go (down) and WinStar falls to 25.
Can't you use some hedging strategies to at least partially protect yourself? In the weakness we've seen, I'd be at least selling covered calls. Sell Aug 30's, take the two dollars, you're protected for the next couple weeks down to 28, but limit your upside at this point to 32, which may not mean much. What the heck, even if something happens and the stock runs a little, take a loss on your calls. But I doubt a run happens any time soon. When the Aug's expire, sell Sept's for a few more dollars. Or get a little more agressive and buy some puts, even if it means selling some stock. The losses aren't near as bad next Apr 15.
Just some thoughts before you jump off the deep end,
Steve |
