My gut feeling says $20 range too, but I left so much money on
the table with WLA puts a month ago that I am loathe to get out
too early. All in all, I'll close my position tomorrow near the open,
unless something unrealistic or interesting happens.
I like to buy crash victims for a quick bounce too, but I have
been burned, so I am now really, really careful. My feeling is
that the fundamentals on netscape really aren't as bad as the
public sentiment. The public associates NSCP too tightly with
the loser in the browser wars. If they had not announced layoffs
and taken that big loss this past quarter, I might hold (puts),
but they look like they're cutting out the diseased flesh.
(Off topic) Good move on AAPL, but I think the current price is a
good one to take profits at. It would be too easy for them to
follow Commodore, Amiga, S100, etc., I think. A healthy bounce
candidate I noticed last week was UPAC.
As always, luck is an important and under appreciated element of
stock investing. I'd rather be lucky than good. :)
-- Carl |
