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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (22994)4/5/2005 9:01:01 AM
From: aerosappy  Read Replies (1) of 23153
 
Kb,

Thanks for watching HD, LOW, FAST, etc.

In my "day job" I do not know when the next meetings, contracts or proposals are coming up. Sometimes I may not see any realtime quotes for two or three days running. Other times we wait....

Thus for me, one way to play FAST today is:

STO April 50 Call
BTO April 60 Call

Based on yesterday's prices, this spread should generate $525 per contract.

I agree with your assessment that the FAST chart screams out "50". The closer we get to that on 4/15/05, the more of the $525 I get to keep. If I am away from the action and someone offers to buyout FAST at $100/share, my "stop" will limit the loss to $475 per contract.

I agree with you and dabum that the above approach is less than 100% satisfactory. It is a strategy partly driven by time constraints and risk tolerance.

Another (perhaps more profitable) approach would be to short FAST at 55 with a stop at say 57.....
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