"Intellectualize???" Ummm..., this is a discussion forum. Is that not the point? Sure, I can parrot Lehman Bros also (and often do), but I'm not intelectualizing as I have money invested and I'm trying to find the best way to increase my return.
You seem to think you have some good ideas, but I don't seem to hear them. So, you say Lehman tells you WDC is a sell? Perhaps this is true for the whole sector.
What I'm trying to get to, is why didn't you say "buy" last week? WDC moved from around 18 to 22 which is a good percentage move by any standard. I agree, the fundamentals suck, but this stock is not stalled.
I would have sold WDC earlier, but I felt it was at a low, not a high. I was right. I see the logic and agree it's probably right to sell and move on, but then where? Instead, I've been trading call options. Selling on what I think is a high and then buying back. Sometimes a good plan, but this is also what got me into trouble in the first place as I was locked into a call position when WDC made it's great rise and I couldn't get out.
There is a very good premium on WDC calls. What does that say to you? To me, it indicates there are still a lot of people who think this company can come back.
For what it's worth, here's a chart for 100 day on WDC. exchange2000.com
Regards,
Mark
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