To All, I was busy buying puts with both hands near the manic buying climax today. Every time Joe Kernan on CNBS mentioned that anyone who was ever a bear is an idiot and he was going to mention their names and humiliate them in public every chance he got, I bought another batch. <g>
IBM April 165s are a last third for me. IBMPM.
Micron April 50s were a second third. MUPJ. Yes, I wanted to wait until the fake eps, but the price move on disastrous industry reports was too tough to pass by. Besides, I have taken some huge profits lately and if I lose on MU, I will cry but not be hurting.
Revisited Sanmina for a second third. This stock rose while its business goes in the toilet. One of the great layups. April 50s. Sqnpj.
Not so CHASTE in Manhattan, April 75s. CMBPO. Big derivatives exposure, overpriced stock, dumb management vs. handouts from the Fed. This is a first third, though it is hardly the first visit to this source of easy money.
Templeton Emerging Markets Fund (EMFPB) April 10s. An oddball, but the emerging markets have gone from disasters to great opportunities without anything changing. Also, at a 15% premium to NAV, this looks like a layup.
Good Luck,
MB |
