thanks....what I said, simply, to specifically buy Puts on CREE with the stock over 198, for a S.T. two-staged decline, towards its 50 day moving avg., which is around the 140-150 area, with a close stop above its high just in case, in a diversified portfolio of Puts way up here, where suitable, even as 95 % of everyone out there became super-bullish near its recent top, as I teach to take advantage of ....
so far, so good, but CREE must break below 184, and 169, as its most recent low....we shall see....we caught the top in many similarly-parabolic Biotechs in the NL very recently (already recommending taking a bunch of Big quick puts gains this morning), so I am trying to help nice people protect their gains in stocks like this, or actively exploit coming likely price drops....especially when there are so many other truly depressed stocks of much lower risk here....very few people are aware of top patterns, so I am always trying to help teach special patterns to people on S.I., where I can, best wishes, |
