Judy, I have actually had puts on CCI for the last 40 some odd points on the downside. Actually, I had a lot before the high. -g- But right now, I am down to a 1/3 position. I've made a lot of money on the total position, but this third is still under water.
The exposure to derivatives, the intl. problems, the dependence upon a Fed that creates credit like a drunken sailor and the silly valuation were the reasons I bought the puts.
I don't know what an EMA is. Sounds like a technical analysis term, which means it's nothing that interests a real investor. And it sounds like an enema, too, which means it is certainly nothing that interests this real investor. -g-
Sorry about the roughing up of TA, but I just hate that voodoo crap. But I love technicians and try to show them the error of their ways.
Good luck,
MB |
