To All, Today was the day I started loading the truck with puts. I've been underweighted for a long time and I am sick of biting my lip, fearing the market will move down 70-90% with me holding a third. So far, the wait has been smart, but I CAN'T TAKE IT ANY MORE! <g> Truth be, I was hoping the retards would parade early this week, giving me an entrance point, and they did so with a vengeance this morning. Here are the new adds and works in progress:
Intel Feb 70s and 75s. This co. is going to have a rotten quarter and the stock is up. They are fumbling around in Sunnyvale and don't know what they are doing, which, if I remember my days of playing tennis and wrestling kids from Sunnyvale area high schools, that is kind of the way they always are over there. <g>
I have been out of MU for too long and bought some Feb 60s. There is no chance for this co. The only question is when the BS ends and reality sets in.
Compaq Feb 25s. All due respect to our old buddy, Schteavve, this co. is dead meat and dead meat does not sell for $28 a share. Expect a stake through the heart this quarter, as business computer sales are death on a stick and retail sucks and Compaq also has specific problems with quality and image in the market place.
PG Feb 105s and 110s. They sell soap. Soap is not a growth industry. No way this co. should have a multiple over 20 times with interest rates as high as they are. Nutso stock. Yes, it's safe. So is kissing Aunt Sophie. It just isn't exciting.
Solectron Feb 80s. I'm having trouble trading these, but they will soon come true. No boxes being built means no backlog for this co. that has already preannounced and maintained its fluff stock price anyway.
Safeguard Scientific Feb 100s. I am having major problems trading these. But I like the concept. As many know, Safeguard and its spinoffs were some of my biggest winners up from the tech stock lows in 1990-1991. I love the co. I love management. I love the stock at $20. $160! Get real. Remember, this stock was under $100 before the Fed cash bash started in November. In fact, it was in the 50s in August. If it goes back there, I'll be verrrry happy.
More to follow, but the game is on, Watson. |
