Imran, I'm already out at 23 3/16. This was just a test.
My interest is in the next six days of trading, and preparing
for that. An interesting point is that many tech stocks
gap down on opening, and would not pay to short at opening,
i.e. INTC opened at 73 1/16, and now 73 1/2. Dell gapped
down at 88 7/16, and now at 88 7/8.
Micron seems to not gap down as much, as people seem to
wait and see. It then plunges after the opening. Therefore,
my gamble would have (and did) have a small payoff. So,
how do you think this will apply next Tuesday morning? If
one is afraid to gamble on shorting before the earnings
report, then shorting at the opening on Tuesday COULD
payoff. Sorry, no sure bets in the market.
I, personally will probably be loaded with shorts and/or
puts.
Patrick |
