My Nutscape April 25s have just been marching along. But this
market really hasn't been kind to puts recently. My read of the
daily price graph is that the big guys are still placing massive
limit sell orders on it. By the way, I think those puts (.NQYPE)
seem undervalued to me. April is a long way off.
I've got some gold/silver calls (i.e. Hecla HL) that I'm hoping
will pop on gold going back up.
My plan is to sell off the golds I've been picking up the last
couple months when the inflationary implications of the various
central bank actions become evident, and then looking for
steals in techs or whatever, say mid next year, in my IRA.
My put portfolio is not real healthy right now, I'm thinking of taking
profits on CPQ. It sort of looks like the institutions are no longer
selling it off. The problem is that I am quite sure that the box
makers put each other out of business in 1998, and their earnings
will be dismal beyond belief. But I think the retail favorite, GTW,
is the next one to put.
Most of my other puts are on retail favorites like KO, AOL, AMZN,
YHOO. Those I'm going to let run to expiry, cause I think that
eventually the small guys are going to figure it out.
What are you doing?
-- Carl
P.S. I wish I knew what is happening to the dollar and Au tonite... |
