Shack,
93% buys on the Ameritrade index form Friday (32% JDSU buys....oyyyyy!).
I'm waiting for JDSU and NTAP to lose another $30 each and then I'm going long in SOOOOOIIIZZZEEE!!!
My rule, if you're going to go long tech trash at this point, only do stocks under $15-20 per share, because at least they're pretty close to zero already, and that's bottom. I'd also be writing calls on every purchase, mixing it up with front month, maybe leaps, at the money, and out of the money.
Not much qualifies at this point, but I can't wait to do buy-writes on CSCO, SUNW, EMC, JDSU, NTAP, etc at $10 per share. Value investing is a myth though, I know we'll never see a rational market again, this is the new era.
chic |
