I did not mean to sound accusatory--I had not
looked at the stats and was simply amazed when
I finally read the numbers. I'd been completely
ignoring all those penny symbols as trades
were posted, but clearly there is one person
here that has the knack and that's great.
Here are my only ideas of late. At half an hour
before the close on Friday--I bot Microsoft puts.
Although Microsoft closed suddenly quite strong
I still think that it has had way too good a run
these past weeks, and profit-taking, or a renewed
interest in DOJ news on the wires will take
it down next week. Also, if there is indeed
any reason for people to think it will be
cheaper for them after it splits, then those
folks should not be buying next week. Also,
sombody over on the Kahuna thread has twice
pointed out lots of extra volitility in the
market in general in the time period two weeks
before expiration--who knows? Anyway, the puts
are not in my contest account, but I bought
a handful of the Feb 155's at 2 1/4...they
might be something to watch if Microsoft starts
a trend down next week. These puts have the
added attraction of not carrying much of
a premium (compared to other high-flying
issues)...but if the market in general goes
down next week, Microsoft puts should do as
well as anything. After a big up week last
week, I dont see why the market should be
able to do that again.
Next idea, Viragen, VRGN--again I hold this
in a different account, but it did pretty
well on Friday--higher volume than usual
and up 14%. It's not exactly a penny, but
they should announce an agreement with the
Red Cross soon (human Leukocyte interferon)
and I dont see why if the announcment occurs
it wouldn't jump to 3 from $2. Naturally I
sold 3000 of my 7k shares on thursday, a
clear signal to start loading up on it :-) |
