hi taxi,
I got some ddim sep 30 puts for 1/2 today. I shorted twice and it kept going up, but 36 is ridiculous. With all this positive publicity, I suppose I should aim for a double and get out quick.
I wrote a line of Y2K compliant code today. No consultants will be poring over my programs, let alone running my code thru a vaporous code machine.
I'm still waiting for CREAF to dip to 15 again.
Meanwhile, this PNCL thing is great. In january is went from 2 to 7+ in a week. Recently it has been sinking to 3/4, and jumping up to 1+ on rumours. They have great products, so the chance of recovering to 2/4/6/8 seems greater than the chances of chapter 7/11/13.
So far I:
bought at 2, still holding
bought at 1 1/4, sold half at 1 3/4 intraday peak
bought at 3/4, sold at 1 friday (up to 1 1/2 today, oh well)
When it hits 3/4 (or 5/8) again, I'm going to load up and wait for the next rumour, recovery, or short squeeze.
Do your own research, but I'm getting a warm fuzzy feeling about PNCL these days.
And I'm still short ZITL.
And I have no time to surf; i'm still contracting at MDT. (also got SEP 85's). Again, the Five bullish indicators for MDT: great earnings, split soon, 100 soon, new products, shareholders meeting last week.
man, this market is choppy. I shoulda sold afternoon today before the selloff and bought it back again. I'm thinking a long term hold nowadays would be defined as 4 or more days.
ttfn
hans |
