Hi Thom: Well the bad news is AOL got CNN to dress up their deal,
and make it look like they settled..so it might be a while yet,
good thing I hedged my feb puts...I still have a basket full of
aprils and I'm not worried about them..the truth of this phoney settelment will send her back down before to long.
Giving out free time credits to paying customers who can't get on
is a joke..and not a nice one.
I went out on a limb and took some short term feb 45 puts on SEG
today, I see her as a short..but I could get fooled..ordered some
more april 45 calls on adbe..
I try to balance my money between calls and puts, calls on the strong companies that have a low stock price, and puts on weak ones that
I think are over valued..that way if the market takes turn,( and
it's hard to tell when,) what the puts lose the calls make, and
if your spread out a little you will come out ahead, so I have
just about as many calls as I do puts, and not a lot of both,
just closed bigest part of them and ordered some FAX..and some
PPT, both funds that deal in bonds..I kept about 10% in cash
to play options. Now if the market goes down hard I'l make more on
the put side than I lose in calls, be carefull picking and remember'
you can't win them all. Also rem if you just play one side of the fence a big market shift agaist you, can put you out of the game fast.
or at least it could me <G>
Jim
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