*AV*--DY in the mid to low 20s is what I was looking for but maybe I will wait some more. Stock is down $5 in last 3 trading sessions including today.
As can be seen by the activity today, we lost everything we made on Tuesday relative to the indices. This is the Bear trap.
As far as the options are concerned, I have been watching the activity on certain options vs the price of the stock and the option. I am watching for where "the action" is. We have some really low prices again today with a possibility of a another short lived upswing. Look at AMAT and KLAC as examples and you might see an options opportunity being played.
However, it looks as if the real action is going to be in the LOR, QCOM, IRIDF and GSTrF with today's satellite debacle. Gotta stop using those Russian rockets<GGG>. Even with a deductible, the insurance will pay for a majoirty of the loss incurred. These guys will be discussed tonite, hopefully, but they were oversold today on herd mentality and perception, not reality. True, QCOM was a stakeholder in GSTRF but ACOM will make it up in different businesses and in replacement business. Thew real killer is that IRIDF, which I spoke about for the past few days, is stable today and just re-established its front running status in this arena. Their delay is minor now, given the GSTRF minor setback. IRIDF may have increased their 6 month lead in this area. IRIDF's problems were on the ground and not in the air<GGG>.
To say the least, we had a nice over reaction which some of us will benefit from.
Andrew |
