I still think elon is a bargain at $30. These numbers they released dont show an awful lot of the big picture, with the ILON Servers and etc......However, I was burned rather bad buying elon at 108, 95, 85 and 65, so I am playing it this time with some Nov 35 calls. Hopefully, it gives us time to get past this volatility and summer doldrum thing.
Also grabbed some cmgi jan 50's, sunw jan 80's, ntap sept 50's, and am looking for more on any dips and maybe some oracle and jdsu calls on any dips.
Right now, my whole thing is leverage. I hope to not sweat the next few months, while at the same time, control as much or more stock thru calls that are at least a few months out. When I grabbed the cmgi jan 50's and the sunw jan 80's I asked myself "in 8 months, if these are below the strike price, would I have wanted to actually be holding the stock long"...and the answer was no. So, They either go up, or I lose a smaller portion, while having much more leverage over this 8 month period.
Great day to all |
