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Thanks for the feedback. Yeah, I'm maxed out too, and although I've won big on wstl and amtx puts (recently closed out), they still weren't able to fully cushion the blow of my long positions. These are expensive lessons I'm learning. At any rate, xyln received a minor snub in barron's today (p. 15, referred to as overvalued along with iomega sunglass hut, corrections corp), and i'm thinking of jumping in on a short. The only thing that's holding me back is, as usual, my regret at not getting in a day or two earlier. The premium on the puts is enormous (at least for the december expirations), so it'll have to be a short. some puts I'm thinking of buying, include actl and kodak (ek). Kodak isn't much more than a pure bet (i know virtually zero about Kodak's fundamentals), there's little premium involved, and earnings come out monday. Actl looks like a safe short/put with little downside risk (for a short); if you read the thread on actl, it seems like everyone is holding on just so they can get out once earnings are announced on the 23rd. In other words, not a very dedicated following. There probably isn't a huge amount of profit potential though (the stock already has fallen to 16). As for Xyln, is this ATM swithc revolutionary/proprietary or will it have competitors close behind even if it beats csco to the punch. Forgot, I also think Asnd might be a good short. Good luck. |
