Nope ....not selling, and havent. Well, actually, I did sell some stuff last friday when FLSC ruled to start counting again, but I got back everything I sold for pretty much what I sold for. As it turns out, I should have waited til today and I could have gotten everything cheaper.
margin - Well, I am using some....not a huge % though. Planning on losing all of margin, but need a rally in order to do so. My plan is to hopefully be able to sell the calls I hold in jdsu, rmbs and atml, after we get a decent rally, and eliminate margin that way. I also have stock in the above 3, which I am planning to hold, and maybe do some cc writing. Whats ironic is the only thing I was planning on maybe buying today, were more jdsu march 110's. I have orders in for $1.50 and 7/8, but jdsu has stayed about even all day, with the calls about $2.25. I already have a bunch, and am hoping 3 things propel jdsu in the coming months.....naz/santa rally, closing of sdli deal and solid earnings. Even if she runs to $100, the calls should see a nice % gain....but, I am being patient...they either drop to my price, or I pass. Also have $6 order in for more rmbs may 75's....hoping for solid numbers from rmbs this quarter as I believe they held some revenue over from last quarter. Will also add to atml if she drops back to her lows.
Thanks
keith |
