Harry,
My, <"But then again, give me a week to recover from Friday's disappointment, and if it isn't too late, I'll probably be buying Puts on IBM again">
You were right. I could only wait one day and until IBM went up to 171 1/4, when I bought more short term IBM Put contracts. So far I got low price for the day. If it continues to go up I will buy more. The thought of analysts finally realizing the poor quality of IBM's earnings, and me not being there to gain from it, was just too painful for me to think of. I will therefore stay, waiting for the reaction to IBM's earnings this week, and then sell them. At the same time I bought INTC Calls again this morning, as a cross hedge, and in anticipation of their analyst's meeting this week in NYC .
Thanks for your encouragement and support.
Jules
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