Bill; Well I've done that more than once, but it looks like
with APM the party is going to be in the other direction now.
This is the party I like the best as not as many people play it,
calls are subject to have a lower premium, than puts per price
move, so it takes less of a move stock wise on the up side
to get your premium back. Not allways but thats the general
rule.
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But I made a considerable mistake sizing her up on the radar
screen to start with. It's not just 48.6% of her shares
shorted.. It's close to 59% of her Float ! the percentage
of outstanding 48.6%; is not what I was supposed to look at,
it was the % of the float..holypollycow
No way 1/3 of them can get out without getting burned that's
an absolute fact, maybe 1/2.
I've only had one better than this since
I started, the stock price doubled, but calls I bought for 2.25
sold for $16 three months later.( and I sold them to soon )
If you go dig on the cyrx thread back in July you will see were I tryed to tip the SI people off. ( in fact you will find I called
the amount she would go to ) I was conservitive to , as my
call was $2 below were she went. This stock is not shorted
that much yet, but it's got more going for it, ( good cash and
book value ) somebody is not looking, lot's of somebodies..
shorts get caught up in the same fever sometimes even more so
than momentum buyers do running up a stock.
But the Shorts on cyrx were so hard headed and blood thirsty they
never paid any mind.
I've said Enough, and will comment no more on APM.
Any body that can't see it don't know enough
about shorting for me to explain it to them anyway. On top of
that I have nothing to gain explaining it, it's in my best
interest if they continue to short her. I would love to see
80% of the float get short, but I doubt that will happen before
she goes up. Even 60% is rare.
Jim |
