Thanks Darrell, as always.
If Darrell's post did nothing else but get the bulls with blinders on to pause and think for a moment, it was as beneficial to them as any of his other posts.
I'm as certain as I can be that IOM will be significantly higher in 3-6 months, however, Comdex is over, split already announced, BIG announcement past with no positive impact for at least 3 qtrs(Clik), Buz delayed, earnings a few months out, and no future news expected other than the ad campaign and mil. announcements. I'm not saying I expect a severe correction, BUT, would anyone here be terribly shocked and surprised if we saw 27-28 again. I wil not be. I will be buying.
For the record, I still own all my "core" shares, but dumped my calls when we hit 31 the first time. I plan to be long Feb & May calls, before the split, on any pullbacks. Good trading to all. May y'all avoid irrational exuberance.
Markas |
