thanks, good comments....first, yes the whole 14-15-16 area, again, depending on follow-through volume, which we have NOT yet had, so I, also, took some/part of quick, large 100% gains today, on my long
$ 7 1/2 call options I bought, at below $ 9.00 on SMSC....no shame
in that....remember, my "PSYCLE sm" has NO emotions....NO greed, etc.,
it does project towards 14 anyway, so now, I have very little risk, from here....on stocks like this, one should, where suitable, try to buy only on margin, with stops, and/or L.T., in-the-money options, diversified, etc., because SMSC had/has low volatility....
there are a bunch of other depressed techs I am accumulating, so moving some money there....and, of course, pilot PUT options on some very extended issues, in impending correction for those types of issues....best wishes, |
