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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (65578)2/7/2001 4:32:05 PM
From: chic_hearne  Read Replies (1) of 436258
 
I actually went LONG Sicko

You should be OK through expiration I think. There's a ton of OI on the $30 poot, so it seems unlikely it could go lower than that. Huge call OI is higher, so maybe they bounce it for a week or two, that is kind of what I was expecting before we get back to business of reality [ie, old bagholders first have to be replaced by new bagholders]. This is a core short and hold for me, so I don't mess around with trying to guess an up move or down move of a few points. I'm just patiently waiting for single digits, then I cover. When judgement day cometh, I don't want to miss it.
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