Good Morning, Richard, OJ, and whoever else is interested in BAY
Just sold my BAY Jan 30c for more than a double, don't want to mess with the arithmetic.
I posted that BAY won't do squat until the gap at 29ish is filled or if some fundmental news came out to boost it to break 35. Today's analyst guidance was it, and BAY reached my target. True resistance is at 36-37. On pullback I will reestablish some option strategy, market dynamics to determine whether a synthetic, combo or calls are in order. Anyone interested be sure to take a position by mid/late September. You just heard the analyst earnings guidance, new products out in October, and InterOP.
Shares, I let my winners run. If ass-brained analysts downgrade and knock my shares for a loop for a quarter, I'll put them on the backburner and complain on this thread.
Gotta run. |
