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didn't see your Q. till today, but I can tell you, in my NL, a few weeks ago, I did call the top in the Internet issues (yhoo, xcit, elnk, amzn, ETC.), beautiful "PSYCLE sm" rolling triple-tops, etc., as I teach my people to exploit....but, obviously, now, with AMZN at 88., too late to "begin" buying puts, as we prefer to only do so, right near highs, with stops....this is not to say AMZN cannot fall further ....but I just don't buy any puts, after those animals are out of the barn, so to say....I await rallies in some extended stocks, to possibly buy more puts into, if at all...sorry, chief....any others ? but at least you are sharp to choose Internets, but a bit late, Saturday....been beginning to take more Puts profits down here, as some issues reach initial downside targets....hope this helps, re-read the early posts/lessons from a while ago, for "PSYCLE sm" Puts tenets, for more help....and keep in touch, thanks, best wishes, Jim |
