> Does anyone have any opinions on the Feb 150 calls.
- much less time on that. May be if you'r lucky, you'll get 40-50% on that one Monday morning, on the expected rise due to oncoming earnings announcement (general Joe has every reason to believe a few more nice rabbits out of the hat). But then again, everything depends on the weekend spinmasters ... journalysts, banks, analysts and all! If they want more cheaper entry, then they will try to create fear in the masses over the weekend. If they bought today, they will sing its praises about resiliency etc. Its a real toss up!
Thread friends: I did not enter my put position, because of the support it found above 200DMA and bouncing off the cliff bottom yesterday. I did all the calculations and posted the expected closes on Thursday and Friday as per one model, and since it did not adhere to those values at yesterday's close, it had to be thrown out. The new model has to be brought in now ... which essentially freezes-out on taking any action for a day or 2! :-) No, really. Anything can happen after the strong volume neckline support. It was widely discussed everywhere yesterday! Most likely though, this 'thing' is headed higher in the ultra-short term!
But if you believe in contrarian signals, then this has to go down on Monday morning, isn't it? :-) Well, the probability of having to throw out 2 models consecutively in a span of 4 days has been less than 20% for me. Its all imho. Everyone does his/her DD.
regards to all,
-/Sonny. |
