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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Step1 who wrote (116010)8/8/2001 3:40:43 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<The simplest idea is usually the best, so just a few BA puts under the mattress will do best...>>

I have to confess, I looked at it more as a technical play and as a short based on the chart (rolling out of a rising wedge comprising the right shoulder of a H&S). I also looked more at the commercial biz in lieu of the defense side (which as you point out, could provide them with some protection, but I suspect that aspect has long been priced in). I just bought the puts.

Regards

Patron
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