Regarding KIS once and for all:
I posted this last week but some of you might have missed it. I had followed his posts and saw where he posted buying and selling puts and the amounts he made on them. Then out of nowhere he states he bought 11,000 contracts, and made 1.7 million. So I went back and cut and pasted what he actually did according to him. Here it is:
Lest everyone wear themselves out congratulaing KIS
Consider his own words:
To: +gladman (61768 )
From: +KeepItSimple
Thursday, Jun 10 1999 3:13PM ET
Reply # 61770 of 62495
Just bought 80 Jun 115 puts @ 5 bucks per.
(update, just got the confirmation on 50 Jun 110 puts at 2 7/8)
----------------------------------------------------------------
To: +Glenn D. Rudolph (61840 )
From: +KeepItSimple
Thursday, Jun 10 1999 11:26PM ET
Reply # 61853 of 62495
> CMGI may do it for us:-(
Hopefully it'll translate into another 4-5 points downside on
AMZN as well. Afterhours AMZN dropped a buck today to 115.
No way am I holding the puts past monday tho.. I've seen
enough "SUPER DUPER STRONG BUY" recommendations come
out 4 hours before expiration to know how the game is played. :)
---------------------------------------------------------------------
To: +Glenn D. Rudolph (61871 )
From: +KeepItSimple
Friday, Jun 11 1999 12:54PM ET
Reply # of 62496
As for "in and out quickly" I bought my puts around 3pm
yesterday,
and just sold them today at 9:45am. I made 104% on my money.
-------------------------------------------------------------------
To: +William Harmond (62019 )
From: +KeepItSimple
Friday, Jun 11 1999 7:27PM ET
Reply # 62020 of 62499
> ROFLMAO.
It's good to see that you can still laugh, while you are losing
your shirt.
> What's your "100% short" position now?
Combination of puts/sold calls/short common in
EBAY/YHOO/AOL/AMZN/PCLN. If you would like specific
strikes
and entry points, I'll have to type them up for you. All but the
AOL puts were initiated today, and the AMZN puts were
re-inititated today after I stupidly covered this morning. I
missed a good 15% of downside on that one today because I
didnt want to get too greedy. :)
Looks like he took a few puts Friday afternoon. His 1.7 million is
dreamin'. He bought 130 contracts Thurday afternoon for about 50k and sold them Friday morning. He says he doubled his money. I believe that. He then apparently bought some more puts Friday Afternoon, though he did not post it. At any rate he bought them back for more than he sold them for and judging by his nervous trading habits probably took a smaller position. I'm guessing 110 contracts.(which would equal 11,100 shares coincendentally) Might have made another 5 bucks per and then he covered and went long. So KIS congrats on your lucky timing but quit your lying. |
