AEOB: Try this - In January, I started with 22k, played options on MSFT earnings/ split, and AOL earnings/ split. Added 8k from my Roth Ira (No taxes, ever!) on a few AOL plays. Started scaling into a position in DELL options. On last trading day of January (with Maria B saying a big Goldman client just sold CPQ and bought 1,000,000 shares of DELL), I bought 110 more DELL calls. Current value around 100k. Could (Should?) have sold last monday at around 170k. All eggs in one basket. Breaking all the rules. Aware of the risk. Confident we will kick butt. Exit strategy: Sell 1/2 with underlying at 110-115. Sell 1/2 on 2/17.
- Michael Dell at Goldman conference tomorrow
- Earnings will blow out (2/16)
- Split likely (last two at 109, 113. Mike won't miss the party with AOL, MSFT, INTC splitting)
- Dellauction.com (no coverage of this... maybe this comes to nothing... better perhaps, because the first three items are enough to move us up)
Jake
Short Term Dellhead, considering LT status. God Bless Texas! |
