puff
i am long ebay because i get outrageous premiums selling the options but i was short at 184 and rode it down,,i am now long because the street loves this stock,,i would be very,very careful shorting any inet especially the top tier inets right now,,we could see a huge summer rally starting wed afternoon,,these inets have taken too much of a beating due to rate concerns,,don't get me wrong i love to short but only when the stock price is extremely bloated and with pending bad news,,i love to short at the end of an earnings day as inuts usually sell off the day after,right now these inets could go either way and the up side is limited but the down side in a summer rally could be very ugly,,don't rade against the momentum you usually get burned and i would say the momentum is buying ebay due to the late day run up,,,i would never short on the dead cat bounce theory because the bounce could keep going higher and but the time you realze it you could be broke,,if ebay goes to 145 tommorow i strongly suggest you cover as the next stop is 160 +,,i witnessed this not too long ago ,,
p.s. don't be so cocky,,but i still wish you luck because if it goes down i will just collect the premium
good trading tommorow
radames |
