Thanks Bilow. Now that I know I'm not dealing with an evil spirit, I feel comfortable continuing this conversation. <g>
I did go ahead and step into a trading position @ 44.625 late in the day, but took in the premium on the Nov 50 call to guarantee success. If you read the wave analysis i posted to SE, you know I'm looking for a move back above 50 in the s-t, followed by another downdraft to the low 40's. I'll close out my long trading shares on the move above 50, and ride the option short down to the low 40's. At that point, i'll load the boat for the coming explosion up.
I do have a small allottment of shares with a basis of 85, but factoring in profits from trades earlier in the year, these are freebies and then some. I'll quadruple the # of shares on that last leg down, and won't sell until minimum 113 or maximum 800+ is reached. Will look forward to hearing your call for the top of that move.
Absolutely positively no stops for any Rambus long trades. You made an interesting comment to the effect that Rambus could be worth as much as $400 if they win all court cases. Well even if the probability is just 25% of that happening, you having above average intelligence know what the stock SHOULD be trading at right now. I love situations like these, where wave formations force a stock or index to a price that is momentarily ludicrous. Let's get ready to make some $$$.
And oh yeah... Nice call for a trading buy of today's lows. You're absolutely right that most Rambus longs, including myself, were wary about venturing in during the "crucifixion." But if you know how the game works, you know that's what puts bottoms in, cause guess who was having all them shares dumped on them below 45 today? |
