dennis,
For how the market acted, you did it perfectly..
Problem is that other markets are roaring, and this might continue into tomorrow and the next day even.
And it is 25 points out of the money.. You are paying all premium.
It would take 300 points until you got it rolling, the high of the day was 12, so you can gauge it by that.
DELL really didnt jump on board at the end, but MSFT really did. I still hold that Jan 100, as my ace in the hole. I think MSFT will beat estimates and it may be trading in the 120's if the market is going forward..
If we get that rate cut dennis, all bets are off, we will likely see higher highs and higher lows too.
I like what Don said to buy on the rumor, sell on the news, so Monday it might be good, or Friday afternoon to load up on puts for stocks that will fall.. like the internets, even AOL and DELL (I cannot do DELL though, it is against my religeon)
I missed all this action for a really crappy bucket of balls too..lol |
