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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Jenna who wrote (6239)3/9/2001 2:25:02 PM
From: Jenna  Read Replies (1) of 6445
 
IBM.. sweet victory, but I might be greedy and hold for more downside. I've been asked about CMVT holding a short.. and I DON'T like holding short positions after the close and I AM IN PUTS in all my "short" calls the exposure is minimal but the profit is very nice.. My last unprofitable position, IBM, is now profitable and I'd love a close at 98ish..

Basically, all the puts this month were profitable, and after scrambling out of AMKR after a two day hold and COST yesterday after an analyst downgrade in the middle of the day, and GMST which thank the Lord it gapped up and held for all of 15 minutes, otherwise there would have been no gains, the long side was a struggle but the short side was nice. Oh an also a blooper move in ONIS, which turned out okay after a 2 pointer loss turned into a 6 point gain and I'm even looking at ONIS for another SHORT on any spike high. WEBM is a lovely stock to short on any a) spike high b) after a consolidation breaks down to the downside. I love WEBM... I hope it moves up higher so we can short it more next week. If your broker does not have the WEBM short then get the WEBM 20 puts for march trading at 1/2.. (now is that cheap or what?) The WEBM 25 puts trading at 2 1/4 are also nice.
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