Freeus - no, it is not gambling at this point to look at those options. Not that I am getting into them. But this run to earnings is not over, it is just starting. Most of the smart, highly liquid trading capital has been in MSFT, INTC, AOL, CSCO, and a few other stocks over the last month. Now it is moving to DELL. Last big earnings announcement. And I think we are going to blow away expectations. And split. I forsee a very possible move to 110-115 by earnings, and maybe a move up on the suprise/ split, though veterans like you say that DELL often dips after earnings. I take that advice with thanks and caution. So, if DELL is 115-120 pre-earnings, I will take profits off the table. We may pull back a bit tomorrow, but I don't see people selling in size. Not for about two weeks, but then I see people buying in size again to catch the split run.
But then again, I am a neophyte option trader. Quickly gaining experience though. Gained 75k today. 36k Friday. Sobering, thrilling, downright awesome. I know every day can't continue like this, but I expect an overall uptrend into earnings.
I'm a law student. My entry level annual salary at a law firm would be 87k. Hmmmmm.... |
