<OT> Thanks, Teflon. The history of YHOO earnings is that the price runs up prior, YHOO announces record-breaking, whisper-beating earnings, and then the stock proceeds to sell off, LOL!
As to CNET, I was looking at a shorter-term trade, but frankly, it looks like a good longer-term holding. I base this on the idea that the market has still not cottoned on to what CNET is all about (for one, it actually has earnings that do slip into the *profit* area - rather unusual for a "net", plus it has good name recognition for as a news site). I think it is possible that in the fall market sell-off (which there seems to be a good chance of), one should be able to pick up CNET for the longer term, at a somewhat cheaper price.
I am sure you'll make $$$ on your calls selling, though you may consider buying them back very cheaply, should the stock run up (it's cheap insurance against a possible market meltdown in the fall).
My weekend was great, and I know you enjoyed yourself. This market is very interesting (if this is the right word...). There is a lot of bullishness (put/call ratios etc.), but at the same time, many stocks are expriencing low volume conditions - as if everyone is watching what everyone else will do. My suspicion is that we will see a good run in the market over the next two weeks, but it will be a choppy one (with regular profit taking). I actually would love a nice sell-off in the fall, so I can load up more on great stocks at low prices!
Good luck!
Morgan |
