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Pastimes : James Cramer Skeptic Thread

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To: craig crawford who wrote (673)9/1/1998 2:19:00 AM
From: taxikid  Read Replies (1) of 1254
 
craig.. bankrupt means bankrupt.
in options , unless one is watching every tick, one can get crushed in a new york minute.
115s were what we discussed. don't start with the time thing again.
you are not being very patient. an options trader.. trades short term.
an options investor buys or sells and "holds" for cyclical returns.
this volatility can push options premiums out of whack and cost a fortune in intrinsic value, and flipping the options frequently ends up only adding more expense and risk. The ratio for success is a zero sum game.
earnings are already out. what is the next "news" earnings or ?? that will propel this or for that matter any stock other than a dead cat bounce? dell is overvalued. the stock has had a great.. no extraordinarily fantastic run. it may have a little more to go. but placing my hard earned money into a stock that is at the advanced end of the "growth hockeystick"... doesn't make much sense.
I m,ean little disrespect to mr michael dell. he has done a better job than i could have. but the company is mature in relation to its stock's pe ratio.
which is of course my opinion, and like sphincters, everyone has one.
taxi
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