**********IBM PUTS*************
Kevin,
How was your extended weekend? I am doing great thanks!
As for IBM I was thinking about it last night, and my play as I speak right now is to reach out a few months and put it.(He is lining up the put, it has to be just right.. <ggg>)
I am looking at a Jan or Feb 110 put, deciding which might serve me better. I feel that the market has moved up strongly recently, and as Don mentioned in a post, might recorrect. I think we have a good chance to do that.
IBM has moved up up up, and thats totally cool that you are on the right side as we speak, If it were me I probably would wait too long and hold until I had a double..lol But why has IBM moved up so much? It is the signing of Gertsner. It will not hold these levels IMHO.
IBM is the sweetheart for a few minutes here and will likely settle into its happy home of 100-105 within the very soon future, unless it is to break out to 115-120 which I highly doubt. Seeing any stock move to new highs in this turmoil suprises me. I like the Jan or FEB put (unless there is somthing out there that hasnt been released for news on IBM, I know I havent seen any).
One other note, IBM is VERY notorious for being slimy on expiry, usually slumping just below a largely held position, say like 110 or 105???? I have watched this happen every month.
Kevin, I know that I have made money every time I buy a put when it gets right here.. and it usually is a quick turn too...
Hope this helps.. and thanks for the info on your trades recently. I like IOM,MUEI,CPQ,HMTT,MU etc.. Come April a holder of a CPQ 40 call will be laughing to the cashiers window.
Lisa.. played craps this weekend, I was the hottest roller hitting 3 points.. :{ and a lady rolled 5 4's in a row, I thought of you..
Electric |
