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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (116262)11/8/2000 10:47:06 AM
From: Jenna  Read Replies (3) of 120523
 
SDLI big fat blimpie pig? When is the selling going to be over? It will take a while until SDLI gets into a tolerable P/E of 60 ish.. still has downside.. Keeping buying puts in the next level down. I would keep lose stops so as not to get stopped out of 'bear flag' recoveries. Good thing about puts is that you can sit your hands and not get tempted to sell at every small reversal to the upside. You have to stay "put".. hence the name PUTS. NEVER buy falling knives, you will be buying at the peak of a bearish flag (the short time 'pause' before the next leg down)

I would scalp SDLI for any potential long play in stock while keep a 'core' short position for a while (but in puts otherwise you are risking capital)
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