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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject4/12/2001 2:49:08 PM
From: rolatzi   of 436258
 
two of my favorite puts are performing well today, SBUX and KREM.

Unfortunately, I didn't hop back onto SBUX yesterday after covering it at its last bottom.
I was waiting for a recovery to around 42, back up to the 200 dMA. SBUX is still oversold, but it is not unusual in a bear market to remain oversold for a long time.

Also my KREM puts were held too long, into the completion of the lockup expiration after turning an earlier put over on the way down a few days earlier. I retraced my profit on this one but am going back up now..

I expect them to do a nice continuous drop over the next month or two. If I can only get into their swing a little bit better.
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